Business for Sale Overview:
This 5,000 square feet restaurant and lounge, sits on a 6,000 square feet parcel on Sunset between La Cienega and La Brea, in the thick of the West Hollywood and Hollywood restaurant and nightlife scene. The highly unique facility has a versatile interior that could be applied to a full-restaurant, a lounge-only oriented venue (thought there is a food requirement), or a first-class restaurant and lounge. The facility has had plans drawn for modifications which include a patio, several bars, etc. While the restaurant is highly successfully for some time, the highest and best use for such a property in this type of location would dictate a very high average ticket sale per customer, or conversely, a very high volume daytime and nighttime venue.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This property and restaurant sale comes with a full liquor license with no restrictions. The facility offers two customer restrooms, as well as an employee rest room, a manager office, a walk-in cooler and freezer and a private office with a separate entrance. While the facility does not boast a parking lot, there are a number of lots available for valet parking or alternate customer parking in the immediate vicinity.
Market Competition and Expansion:
This location has become synonymous with fine dining, drinking and entertainment in a unique atmosphere. While the greater Hollywood / West Hollywood area has no shortage of such venue, this restaurant has carved out a unique market niche that affords it little to no direct competition.
There are many options for growth, depending on the vision of the buyer. Any buyer will seek to capitalize on this unique structure, and the properties' established concept, however, they will definitely seek to 'take it to the next level'.
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.