A Brazilian Steakhouse located in the City of Glendale, CA., has been established 18 years ago with fine Brazil style buffet offerings with Churrascaria Meats of all kinds. Friday and Saturday evening provides Samba Performances, and during the week with Live Brazilian Music and other entertainment. NOTE: The Establishment is closed on Monday's and the current owner has reduced the price to $550,000.00 including all Inventory/FF&E, 47 Liquor License for the State of California, and many upgrades to the restaurant.
Restaurant is located in THE EXCHANGE ON BRAND BLVD., in the City of Glendale, CA. The restaurant is 5,604 sq.ft., 200 seats inside including 500 sq.ft., patio for dining between 40/60. The restaurant provided 90 minutes free of parking on 4 levels, walking distance from Brand Blvd. and Broadway along with pedestrian sidewalks. NOTE: THERE IS NO REAL ESTATE INVOLVED WITH THIS TRANSACTION. The lease has a current 10 year lease with options for the tenant of additional two 5 year lease with a compounding basis of 3% CPI as well.
Once the new hotel Hotel Louise Glendale, Lammelle Theater now opened and the Panda Inn Crusine along with upgrades by the City of Glendale the growth and expansion will be there along with good food, entertainment and a possible HOOKAH LOUNGE to be established. NOTE: Broker and Owner request that you sign/date a Confidential Agreement along with your address and email to receive all the pertinent financials from 2015/2016/2017/2018 with payroll for one year and lease agreement pursuant to the restaurant.
There are no other Brazilian Restaurants in Glendale and its surrounding areas. However, one such Brazilian Restaurant was established in Burbank, CA., called Pampas Grill and another Brazilian Restaurant in Pasadena, called Cafe Chimichurri.
Medical and Retiring
The currently owner will provide up to 25 hours a week during the escrow period in support all aspects of the restaurant business in this location. The owner has current employees that are patrons from Brazil as his management team and their involvement would be the primary focus for this restaurant business.