Owner Financing is Available!
Business Overview:
Bar / Restaurant & Nightclub In Popular Area Of Woodland Hills.
This bar / restaurant and nightclub is one of the most happening places in the valley. The space is 2,000 square feet plus a huge front and back patio. The business is open Tuesdays through Saturdays from 8pm to 2am and each night they have a different theme and provide delicious food and drink specials while entertaining guests with great music from live dj’s and karaoke. Monthly gross revenues are approximately between $35,000 and $40,000 and monthly net income is approximately between $5,000 and $12,000. The seller earns extra income by renting out the place for filming / commercial and photo shoots and also by booking many small and large private events. The business also has a catering permit which is a perfect opportunity for the new owner to add more food items to the mix to expand the food service and increase revenue. This is a very motivated seller who is willing to look at all offers. For more info, please contact Laszlo Nemeth of The Associates Mergers & Acquisitions: (213) 624 - 6500 or via email at Info@theabb.com.
Asking Price: $290,000.
Monthly Gross Revenue: Between $35,000 and $40,000.
Monthly Net Income: Between $5,000 and $12,000 (depending if the location is rented out and number of private events booked).
Approximate FF&E: $15,000.
Approximate Inventory: $4,000.
Monthly Rent: $6,300.
Square Footage: 2,000 Square Feet plus a front and back patio.
Seller Financing: Yes.
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.
Reason for Selling:
Divorce forces a quick sale.
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.