ELEGANT EVENT & BANQUET VENUE FOR SALE – GLENDALE

Established in 2021, this modern Armenian event venue and restaurant presents an exceptional turnkey opportunity in Glendale's thriving hospitality market. Located in a high-traffic plaza with strong Armenian community presence, this fully remodeled 1,500 square foot venue has generated $240,000 in annual revenue.

BUSINESS OVERVIEW:
This elegant event space specializes in weddings, private parties, corporate events, and cultural celebrations. The owner has invested over $200,000 in recent renovations, creating a sophisticated venue that stands out in the competitive Los Angeles market.

KEY FEATURES:
• Fully equipped commercial kitchen with grill, fryer, and freezer
• Complete remodeled restrooms and modern décor
• Tables, chairs, and event furnishings included
• Ample storage space for operations
• Turn-key operation ready for immediate takeover

FINANCIAL HIGHLIGHTS:
• Annual Revenue: $240,000
• Asking Price: $260,000
• FF&E Value: $50,000
• Monthly Lease: $6,500 (expires April 2027)
• Seller financing available

LOCATION ADVANTAGES:
Strategically positioned in a busy Glendale plaza with established Armenian foot traffic, the venue benefits from strong community ties and word-of-mouth referrals. Limited comparable event spaces of this size in the area provide competitive positioning.

GROWTH POTENTIAL:
Significant expansion opportunities exist through enhanced marketing, increased corporate bookings, weekday promotions, and social media advertising. Additional revenue streams include catering packages, upgraded décor services, bar offerings, and event planner partnerships.

OWNERSHIP:
Currently operated as an absentee-owned business, demonstrating strong operational systems. The seller is pursuing other ventures and offers limited transition support.

This established venue represents an ideal opportunity for entrepreneurs seeking entry into Glendale's robust event industry with an existing customer base and proven revenue stream.
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