For Sale
$4,500,000

123 Call Broker For ItGlendale, CA 91205

Profitable Restaurant & Banquet Facility

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 13,500-square-foot banquet hall and restaurant in Glendale, CA, is available for sale at $4,500,000. Located on a 10-acre lot, this Class B property boasts a 100% occupancy rate and features multiple versatile event spaces. Built in 1971 and extensively renovated in 2022, the property includes four indoor halls with capacities ranging from 60 to 300 guests, and three outdoor gazebos accommodating 60, 80, and 200 guests respectively. The property operates under a NNN lease structure with single tenancy. This established business enjoys a strong reputation, recognized for its elegant ambiance and exquisite dining. The sale includes both the business and the real estate. The property is situated in Los Angeles County, CA, zip code 91205. This is a unique opportunity to acquire a thriving, high-capacity venue with significant earning potential. The price per square foot is $333.33. This turnkey operation is ready for a new owner to continue its legacy of success. The property's prime location and established reputation make it an attractive investment for discerning buyers. The sale price reflects the combined value of the business and the real estate.

Highlights

  • Profitable, established restaurant and banquet hall for sale in the Inland Empire, CA.
  • Turnkey opportunity to acquire both the business and real estate.
  • Stunning hilltop location offering breathtaking views and elegant ambiance.
  • Award-winning establishment recognized as the Inland Empire's best romantic restaurant and banquet hall.
  • Multiple versatile event spaces accommodating 60 to 300 guests, plus outdoor gazebo options for up to 200 guests.
  • Business asking price: $2.5 million. Real estate asking price: $8.5 million. Combined asking price: $10 million (representing a $1 million savings).

Property Details for 123 Call Broker For It

Property type
Square Feet
13,500 SF
Class
B
Year Built/Renovated
1971/2022
Lot Size (sq. ft)
435,600 SF
Units
1

Location Insight

City
Glendale
County
Los Angeles
State
California
Latitude
34.1337367
Longitude
-118.2468148
123 Call Broker For It, Glendale, California

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