Business For Sale

Silverlake Area Bar w/Live Entertainment & Dance

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$395,000 $1,278,236

Food & Beverage: Bars, Clubs, Nightspots


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RE: Silverlake Area Bar w/Live Entertainment & Dance Broker: Ryan Clark

Quick Facts

Asking Price: $395,000
Annual Revenue: $1,278,236
Net Profit: Not Disclosed
Cash Flow: $152,955
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 66294929
Broker Reference #: TowBar

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Business Overview:

This very special bar and restaurant boasts live entertainment, dance and a full kitchen in a location with a long and storied history. The venue’s historic structural integrity has been maintained despite the addition of two interior bars, a kitchen and an inviting smoking patio.




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Property Features and Assets:

This 4,000 square foot bar leases for $13,472 per month on a lease with 10 years remaining and options to be negotiated in the sale. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale, however the name will not. Approximately $5,000 - $10,000 in inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While this is a local favorite, the hipster venue draws a loyal following from far and wide throughout the greater Los Angeles Area – particularly for its live entertainment. While the name will be modified, new ownership may wish to maintain the exact same management, staffing and concept that currently exist. As the operation is 100% absentee operated this is entirely possible.

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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