North Hollywood Bar with Customer Embraced Concept

NORTH HOLLYWOOD, California

Asking Price	$199,000	Year Established	2023
Annual Revenue	$1,200,000	Reason for Selling	Personal
Annual P/L	$0	Attention	Ryan Clark
Annual Cash Flow	$0	Listing Number	1008732
# of Employees		Business Category	Food & Beverage: Restaurants, Fast Food, Deli

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.

Property Features and Assets:

<p>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.</p><p> </p>

Market Competition and Expansion:

<p>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.</p><p>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.</p><p> </p><p> </p>

Additional Details: