Business For Sale

North Hollywood Area Bar with Liquor & Restaurant!

North Hollywood, CA
Los Angeles County


Asking Price: Annual Revenue:
$275,000 $720,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: North Hollywood Area Bar with Liquor & Restaurant! Broker: Ryan Clark

Quick Facts

Asking Price: $275,000
Annual Revenue: $720,000
Net Profit: Not Disclosed
Cash Flow: $120,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1976
Employees: 14
BBN Listing #: 1034929
Broker Reference #: SunDown

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Business Overview:

This North Hollywood Area dive bar and restaurant with a full service kitchen boast an attractive lease rate as well as 2 somewhat distinct, but complementary operations. Half of the business operates at a bustling restaurant with tremendous take-out, delivery and catering potential, while the other half has a cocktail bar ambiance and vibe. While ABC licensing requires the food component, the differing revenue streams and target patron base provides this opportunity a profit diversity that neither a full-service restaurant nor a bar-only cocktail lounge typically enjoy.

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Property Features and Assets:

This spacious 3,000 square foot venue leases for an attractive $4,500 per month plus an estimated $500 in common area maintenance expenses on a lease until June 2021, with one five year option. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. This kitchen includes an 8 burner stove, a large griddle, a grill, a 2 bucket deep fryer as well as an oversized specialty oven. Approximately $15,000 in inventory will be sold at cost at close in addition to the purchase price.

Market Competition and Expansion:

While competition exists for neighborhood oriented ‘dive’ bars and lounges, as well as for quick service take-out or dine-in restaurants, other venues in the area do not have the best of both worlds that this opportunity does. As a result, it has a much broader appeal and versatility. Families come with their children to eat and watch sporting events while the happy hour or adults-only crowd fill the portion of the business that boasts a cocktail lounge energy. Invariably, the same patrons are loyal to both parts of the business. Steller access to the 5 Freeway and plentiful onsite parking provide the venue a hard to match convenience factor. New operators may take this opportunity in a few different directions. Since emphasis has been places on its bar operation, new management may wish to initially focus on growing the food business. Particularly in the delivery and catering arenas. With the spacious, fully-equipped kitchen, a bourgeoning daytime, evening and weekend catering business could be developed. The venue’s proximity to the freeway provides a unique advantage for delivery and catering.

Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is not 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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