Business For Sale

Hollywood Bar with Outdoor Patio & No Food Req'd.

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$419,000 $415,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Hollywood Bar with Outdoor Patio & No Food Req'd. Broker: Ryan Clark

Quick Facts

Asking Price: $419,000
Annual Revenue: $415,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 10
BBN Listing #: 28194929
Broker Reference #: PlayBar

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Business Overview:

This classic yet hip Hollywood bar with a coveted outdoor patio complete with a fire place can perhaps best be described as ‘edgy chic’ and oozing with ambiance. The bar boasts a coveted Type 48 Liquor License that does not require food service. Although under-utilized, this venue holds both a live entertainment and dance hall permit.

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

The venue, which is nearly 2,000 square feet with an unexpected 350 square foot outdoor patio that exudes character, will lease for $8,000 per month on a new 5 year lease with a 5 year option to be negotiated. All of the business’s furniture, fixtures, equipment, Type 48 Liquor License, entitlements and goodwill will be included in the sale. Approximately $10,000 in liquor inventory will be sold at cost at close. The premise does not have a kitchen, hood or duct work for one, nor is one necessary.

Market Competition and Expansion:

While Hollywood may be at the epicenter of late night revelry for many, this bar possess an authenticity that allows it to distinctly stands out from the Dream Hotel enclave, much to the delight of its patrons. Given its uniqueness, location and overall character, this venue that could just as easily be a trendy hotspot in New York as one in Los Angeles, making it tough for competitors to match. New operators will necessarily want to add their own flavor to the venue, but most likely won’t find the need for too many tweaks. Solid promotion could turn this venue into the next big thing, but a low key transition and no major modifications may also be preferred path as the venue is anything but lacking.

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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