Business for Sale Overview:
An opportunity like this one is a rare occurrence – a highly profitable West Hollywood / Hollywood Area concept restaurant in a prime location, with a full liquor license and property. The restaurant has excellent street visibility and is walking distance to other evening entertainment venues. As such, this opportunity should appeal to the experienced restaurateur, the novice investor seeking a segue into the restaurant industry, or the Hollywood Entertainment company seeking a marquee venue to place their nameplate on and convert into a truly unique hybrid restaurant and lounge concept. The 5,000 square foot structure has a 160 plus person occupancy (it could currently comfortably seat nearly 200) and is ideally located on one of the most sought after Hollywood / West Hollywood streets. Serious inquiries only. This business will only be sold simultaneously with the Real Estate. NDAs will require indication of ability to purchase. This opportunity is not available for co-broker at this time; kindly refrain from calling.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This one of a kind sale comes with the 5,000 square foot building, an unrestricted liquor license, a large fully equipped kitchen, a manager’s office, separate liquor and wine storage rooms, a large walk-in refrigerator and a separate walk in freezer. The facility offers customers valet and limousine parking, street parking, and has a lease with a nearby parking structure.
Market Competition and Expansion:
This well-established dinner and entertainment venue is a high-end concept restaurant ideal for romantic get-togethers, special events, or parties with built-in entertainment. As such, very little like-kind competition exists. This incumbent restaurant has had consistent and stable revenues for over 30 years –with few modifications – despite competitors who have attempted to copy the concept over the years. New management will likely seek to capitalize on the business’s incredible location, unique atmosphere, and unrestricted liquor license by offering an after dinner type of lounge atmosphere. Alternately, a new buyer may seek to also promote the venue as a lunch destination as well, or convert a portion of the massive dining area to a high-end concept oriented bar with a lounge, and potentially live entertainment.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.