Business Overview:
This Sherman Oaks area restaurant and wine bar boasts a prime Ventura Boulevard location with fantastic street visibility, accordion style doors that open into a new outdoor patio and a spacious kitchen. The newly renovated venue has been exquisitely appointed with exotic accents that provide it a warm and highly unique and relaxing ambiance. The venue has a tap beer system installed set up for 10+ taps, while the kitchen offers an oversized hood with sufficient equipment and room for any food concept as well as a large walk-in cooler.
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Property Features and Assets:
This 2,000 square foot facility, with a prime Ventura Boulevard location, leases for $8,000 per month on a lease until 2028 with 1 five year option. All of the business’s furniture, fixtures and equipment, including its Type 41 Beer and Wine license will be included in the sale. The lease includes 6 parking spaces in the rear, comprised of 3 tandem parking spots.
Market Competition and Expansion:
While competition in the busy Studio City to Sherman Oaks corridor along Ventura Boulevard, opportunity exists for niche concepts to fill gaps in the market or meet ever changing consumer dining and entertainment trends. This venue’s attractive location, solid street visibility, versatile buildout with a bar, seating area, relaxing cove and outdoor patio allow it be adapted to any number of bar and lounger related concepts.
Given the location’s prime location, versatile buildout and coveted patio and beer and wine bar entitlements, new operators may take this dining and entertainment opportunity in any number of directions from fine dining, to gastropub, fast casual, beer and wine sports bar with food, and many several more.
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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