Business for Sale Overview:
This bar and restaurant occupies an ideal Hollywood Boulevard location, with all of those attributes that an experienced or aspiring bar, restaurant or lounge operator may seek to become one of the dominant dining entertainment venues in the area. This location offers a full kitchen, separate bar and lounge with full liquor, and a small smoking area.
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:
Monthly rent on the 2,500 square foot plus facility is $6,000 (including CAM) until approximately Jan. 2013, with options to be determined based on the new tenant’s credentials. The facility has a full kitchen with an over-sized food preparation area and manager’s offices (not included in the aforementioned square footage). Naturally, the liquor license is included in the sale.
Market Competition and Expansion:
This restaurant and bar offers its operator a distinct competitive advantage due to its ideal location, unique concept and pre-established, diversified revenue stream.
With new Hotel project and additional development in the immediate area, Hollywood Boulevard’s entertainment zone will continue to be the place to for weekday and weekend entertainment. As the current owner does not run the operation as an entertainment venue, a new operator will likely seek to capitalize on the facilities’ best attributes – its full-liquor license and lounge type atmosphere in an ideal location.
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.