Business For Sale

Hollywood Nightclub w/DJ & Dance Permitted

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$550,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: Hollywood Nightclub w/DJ & Dance Permitted Broker: Ryan Clark

Quick Facts

Asking Price: $550,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: Not Disclosed
BBN Listing #: 32834929
Broker Reference #: NYCNorb

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Business Overview:

This Hollywood nightclub is permitted for Disc Jockey based entertainment and patron dancing. The ultra-attractive venue boasts two bars, a kitchen (without a hood) and two elevated disc jockey booths, a state of the art sound and lighting system, a central dance floor and a second floor mezzanine level with its own seating, patron bar and VIP Areas.

Amongst other things, the Conditional Use Permit calls for the following:

• Liquor permitted 11 am – 2 am; 7 Days; from 8 am on Saturday & Sunday
• 125 Seats
• No after hours
• Up to 10 seats permitted on patio
• No enclosed customer booths
• A Bona Fide restaurant must be maintained with an operational kitchen, and a menu maintained with a food assortment normally offered in such restaurants.
• Food off a full menu shall be available at all times during normal business hours
• There shall be no age restrictions on restaurant patrons
• Disc Jockey and Dance permitted from 8 pm to 1:45 am on 1st floor; No bands
• Public dancing on ground floor only, only after a Dance Hall permit is secured from the Police Commission
• Music shall not be audible beyond the restaurant
• No adult entertainment
• No line queuing; only front door for patron access
• No billiards, electronic games, darts, etc.
• No membership shall be required for admission
• No admission or cover charge permitted
• Premise shall not be rented out or contracted to any 3rd party promoters
• Shall be 1 Security Guard per 50 patrons
• Conditional Use Permit (NOT ABC Conditions) to Expire 10/07/22

The ABC Conditions (primary items; amongst other things)

• 11 am – 2 am service; 7 days
• 50% food sales
• No happy hour
• Jurisdiction over adjacent parking lot given up due to valet service
• Rear door to be close, with automatic locking device

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Property Features and Assets:

This 4,500 square foot night club leases for $15,500 per month plus triple net expenses on a lease until 12/2020 with options to be negotiated in the sale. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included. Any remaining wine and liquor inventory will be sold at cost at close in addition to the asking price.

Market Competition and Expansion:

Hollywood is the epicenter of Los Angeles’s nightclub scene. As such, competition naturally exists. This venue has historically been the site of many highly successful operations, and may very well be once again as it boasts the coveted quaint size, build-out and overall ambiance that has been the most sought after in the past 2 years. New operators may wish to take this venue in any number of directions. As it is not currently in operation and has not been for at least 2 years, they will have a ‘clean sleight’ from which to freshly launch their 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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