Hollywood Blvd Bar & Restaurant With Full Liquor
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1000000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2003
Number of Employees 10 - 19
Inventory 50000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This bar and restaurant for sale occupies an ideal Hollywood Boulevard location, with all of those attributes that an experienced or aspiring bar, restaurant or lounge operator may seek to become one of the dominant dining entertainment venues in the area. This location offers a full kitchen, separate bar and lounge with full liquor, and a small smoking area.
Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, but also identifying where funding will come from. Requests for specific data without such will not be entertained, nor will responses such as Not Applicable, Bank Loan (without indicating % down), or Investors. This opportunity is not available for co-broker at this time. $ Asking Price $875,000.
Monthly rent on the 2,500 + square foot facility is $6,000 (including CAM) until approx. Jan. 2013, with options to be determined based on the new tenant's credentials. The facility has a full kitchen with an oversized food preparation area and manager's offices (not included in the aforementioned square footage). Naturally, the liquor license is included in the sale. This restaurant and bar offers its operator a distinct competitive advantage due to its ideal location, unique concept and pre-established, diversified revenue stream.
With new W Hotel project and additional development in the immediate area, Hollywood Boulevard's entertainment zone will continue to be the place to for weekday and weekend entertainment. As the current owner does not run the operation as an entertainment venue, a new operator will likely seek to capitalize on the facilities' best attributes - its full-liquor license and lounge type atmosphere in an ideal location.
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