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West Hollywood Luxury Restaurant Amazing Build-Out
WEST HOLLYWOOD, CA
LOS ANGELES County
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| Asking Price: | Annual Revenue: |
| $1,400,000 | $4,784,932 |
Food & Beverage: Restaurants, Fast Food, Deli
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RE: West Hollywood Luxury Restaurant Amazing Build-Out
Contact: Ryan Clark
Owner Financing is Available!
Not offered but a small secured carry may be considered.
Quick Facts
| Asking Price: | $1,400,000 | |
| Annual Revenue: | $4,784,932 | |
| Net Profit: | $58 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $100,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2022 | |
| Employees: | 20 | |
| BBN Listing #: | 51424929 | |
| Broker Reference #: | LUXBAR |
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Business Overview:
This West Hollywood restaurant and lounge boasts an impeccable build-out a unique patio and rooftop deck with stellar views. The high-end venue provides its client base a first-class no expense spared service offering with decor to match. The multi-level premise has multiple bars as well as a live entertainment entitlement. It is located on one of the area’s most sought after locations in a corridor known for its luxury retail, service, dining and entertainment options.
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Property Features and Assets:
This approximately 5,000 – 13,000 square foot premier premise leases for $75,000 per month, plus $2,500 in triple net expenses on a lease until 2027 with two 5-year options. The premise has an occupancy for 119 dining patrons. The master lease includes additional square footage that is occupied by a sub-tenant and has an 8% annual percentage rent after an $11.25 ml annual breakpoint.
Market Competition and Expansion:
This restaurant and lounge is located in a well-known, highly sought after dining and entertainment area. As such, a finite number of competing venues exist in the immediate vicinity, but those fortunate to have such desired locations cater to a similar patron base so each is able to benefit from the other’s presence. As such, the location, together with its liquor and entertainment entitlements and rooftop deck with stellar views, enjoys several long-term competitive advantages. New operators will wish to continue to grow the existing concept or capitalize on this unique location and its entitlements to launch any number of dining and entertainment concepts. As the location and build-out come with a related occupancy expense, operators with a new concept will either want to provide a premium, high margin offering or a high-volume one, to strive to maintain benchmark industry cost ratios.
Reason for Selling:
Personal
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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