Studio City Area Gastropub – Gorgeous Buildout

Studio City, CA
Los Angeles County


Asking Price: Annual Revenue:
$450,000 $1,200,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Studio City Area Gastropub – Gorgeous Buildout Broker: Ryan Clark

Quick Facts

Asking Price: $450,000
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: 2018
Employees: Not Disclosed
BBN Listing #: 85094929
Broker Reference #: RobBar

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Business Overview:

This Studio City Area Gastropub boasts a well-appointed, no-expense sparred buildout what has culminated in a gorgeous, highly versatile, first-class dining, bar and entertainment venue. The facility maintains 4.5 star Yelp reviews as a customer service orientation and the utmost attention to detail has going into the training, the menu and back of house operations, and the striking build-out.

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Property Features and Assets:

This 2,875 square foot (plus outdoor area) venue leases for $9,200 per month including triple net (NNN) expenses, on a lease until 3/31/25 with two 5-year options. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale, with a new conditional use permit (CUP) that provides for alcohol service from 10 am to 2 am. An estimated $5,000 in inventory will be sold at cost at close.

Market Competition and Expansion:

Due to this market’s highly popular location, competition naturally exists. With that said, this venue clearly stands out among the local competition as well as that in the neighboring Burbank, Studio City and Sherman Oaks communities. New management may capitalize on this venue’s popular location, liquor license and versatile layout and branding to carry the well-thought-out concept forward, adopt to an existing concept or to introduce a new one. As revenue and expense controls are an integral part of any hospitality operation, the business would likely benefit from an experienced bar operator or onsite working owner.

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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