Business For Sale

Hollywood Bar & Concept Restaurant with Patio!

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$250,000 $844,697

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Hollywood Bar & Concept Restaurant with Patio! Broker: Ryan Clark

Quick Facts

Asking Price: $250,000
Annual Revenue: $844,697
Net Profit: Not Disclosed
Cash Flow: $116,908
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 6
BBN Listing #: 96264929
Broker Reference #: HolViv

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

This highly popular Hollywood Bar and Restaurant with liquor, a spacious outdoor patio and condition use permit entitlements for live entertainment boasts a prominent, high visibility and high foot traffic location that any number of alternate concepts may thrive in. Alternately, since the established theme-driven concept venue has already proven itself, new management may prefer to carry the torch forward prior to determining if they want to pivot the offering to better capitalize on the high concentration of local and tourist revelers that the venue guarantees exposure to.

Training: 2 Weeks at 20 hours/week.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

This 1,428 square foot facility (including patio) leases for $9,573 per month on a new 3 year lease with one 3 year option. The venue is permitted to seat 60 patrons (20 on the patio) and may serve alcohol from 7:30 am to 2 am daily, but it can be open 24 hours. All of the venue’s furniture, fixtures, equipment, goodwill and Type 47 Liquor License will be included and will transfer in the sale. Approximately $5,000 in liquor inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While no shortage of competition exists on the world famed Hollywood Boulevard corridor, the venue has managed to amass a loyal following comprised of locals and tourists due to its concept and the associated themed food and beverage offering – which provides it a unique point of differentiation from much of the competition. Its unique location at the entrance of a passageway filled with a variety of complementary entertainment venues helps to put it at the center of the lane’s activity. New operators may continue with the existing concept that has proven successful, or capitalize on the spaces stellar location, patio, liquor, live entertainment and additional entitlements to launch any number of new food, drink and entertainment driven concepts that could thrive in such a high foot traffic and high visibility 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.

Relevant Links:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!