North Hollywood Bar With Customer Embraced Concept
North Hollywood, CA Los Angeles County
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- RE: North Hollywood Bar With Customer Embraced Concept
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $199,000 | |
| Annual Revenue: | $1,200,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $50,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2023 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 1008732 | |
| Broker Reference #: | NOBLUES |
Business Overview:
This North Hollywood bar and grill offers a customer embraced concept, a welcoming vibe, a thoughtful build-out that exudes character, and onsite parking. The venue has become known for its friendly service, casual vibe, and rotating offerings that have made it a popular hangout for regulars and newcomers looking to unwind, catch up with friends or colleagues, and enjoy a low-key night out in a versatile spot that never feels overcrowded or pretentious.
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
This 5,100 square foot location leases for $18k – $20k per month, on a lease until 2028 with one 5-year option. Though the name and concept will not transfer in the sale, the business’s furniture, fixtures, equipment, and Type 41 Beer and Wine license will be included. An estimated $10k in inventory will be sold at its cost at close in addition to purchase price.
Market Competition and Expansion:
The surrounding area features a mix of bars, restaurants, and entertainment venues – with each leaning into their unique attributes and alluring atmospheres for differentiation. This creates an entertainment district that attracts a broad range of revelers that can capitalize on the variety of available offerings.
The venue, which is part of a chain, offer the onsite working owner-operator a fantastic opportunity to implement their concept in a prime high visibility location for a fraction of what it would cost to build-out out themselves and obtain the beer and wine entitlement. The versatile venue lends itself to a wide range of concepts.
Reason for Selling:
Personal. Kindly ask the seller for more information.
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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