Business for Sale Overview:
This rare Inglewood restaurant and nightclub represents a unique opportunity for a buyer seeking a multi-purpose entertainment event facility. This multi-faceted facility has been conveniently built out with a gorgeous first class dining room, a private party room with its own bar, and a bar / lounge that is converted to a nightclub on weekends. The venue has an entertainment permit allowing for dancing and live music. At present, the business has a beer and wine license, and has recently received a conditional use permit (CUP) allowing the placement of a full liquor license. This restaurant has been home to high profile entertainers, athletes, politicians, and more, as its reputation for quality service and food is widespread.
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:
The restaurant is located in a 4,600 square foot facility (plus parking) which leases for $5,400 per month (including CAM). The lease is valid through 2014 and includes 2 five year options. The sale includes all the restaurant equipment, such as the hood walk-in cooler, kitchen equipment, furniture and fixtures, all of which have been well maintained and are in very good condition.
Market Competition and Expansion:
Competition is considered medium as other restaurants exist in the area, however few restaurants have the ability to serve liquor, offer entertainment, and entertain patrons in 3 separate dining rooms.
The business has a lot of potential avenues for growth. The current owners have operated a fine dining concept since inception, and have not fully capitalized on the facility’s entertainment permit. The addition of a full liquor license, coupled with the entertainment permit, could provide several additional opportunities for an owner to increase sales with added evening entertainment events such as DJ’s, live music, dance classes, or even stand-up comedy. Similarly, new owners may seek to capitalize on the venue’s licensing and set up by marketing for catering events such as meetings, weddings, private parties, etc.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- 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.