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Restaurant/Cafe on Major Street in Glendale! for Sale in Glendale

Reference #: 41434242
Location: Glendale
Price: $30,000
Amount Down: $30,000
Revenues: $0
Discretionary Earnings: $0
Total Assets: $150,000
Business Description:

Mediterranean Cafe/Restaurant in a very clean strip mall on a busy Glendale Street. Was a coffee shop for many years, but current owner purchased it a year ago and spent close to $200k in buildout by adding a hood system, grill, walk in cooler etc. New owner can keep the middle eastern concept or can change to Mexican, Chinese, etc. Seller is not representing financials. This is an opportunity for someone to take over a restaurant or start their concept for a fraction of the cost if started from scratch. Current owners are also completely absenetee. Square footage is 900 with total monthly rent of $4220. The current lease expires in 2015 with a 5 year option to extend. Seating capacity is 30 total with 15 inside and 15 outside seating.


 


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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.