Business For Sale

North Hollywood Bar & Restaurant w/Liquor & Patio

North Hollywood, CA
Los Angeles County


Asking Price: Annual Revenue:
$395,000 $3,400,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: North Hollywood Bar & Restaurant w/Liquor & Patio Broker: Ryan Clark

Quick Facts

Asking Price: $395,000
Annual Revenue: $3,400,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: Not Disclosed
BBN Listing #: 39514929
Broker Reference #: PutinBar

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Business Overview:

This highly popular bar and restaurant with liquor and an outdoor patio is located in a coveted area of North Hollywood The facility includes two large walk in coolers (one with an attached walk-in freezer, a large hood and a full line including deep fryers, a grill, griddle, stove, convection oven and additional ovens. The location lends itself to an established operator or brand who seeks a high profile location.

Training: 1 Week at 10 hours/week.

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Property Features and Assets:

This 4,615 square foot restaurant and bar (including a 431 square foot patio and a 473 square foot mezzanine with storage and a manager’s office) leases for $29,000 per month including approximately $10,000 in triple net (NNN) expenses on a lease that expires in 2018 with one 10 year option. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. The name and concept will not be included. Inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While nearby competition exists in the different entertainment areas of North Hollywood, Burbank and Studio City, this venue’s dominant location, versatile build-out and customer demographic set it apart from alternative options. New operators can capitalize on the sizable space and dominant location to launch any number of new concepts or to convert the space to an existing concept at a fraction of what it would cost to build a new location out or convert a less suitable one to a thriving bar and restaurant concept. .

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.

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