Hollywood Restaurant / Bar With Exquisite Property
Location California,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $1420000
Net Profit / Cash Flow $500000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1967
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training 2 weeks at 20 hours / week.
Reason for Sale Retirement.
Description An opportunity like this one is a rare occurrence - a highly profitable West Hollywood / Hollywood Area concept restaurant in a prime location, with a full liquor license and property. The restaurant has excellent street visibility and is walking distance to other evening entertainment venues. As such, this opportunity should appeal to the experienced restaurateur, the novice investor seeking a segue into the restaurant industry, or the Hollywood Entertainment company seeking a marquee venue to place their nameplate on and convert into a truly unique hybrid restaurant and lounge concept. The 5,000 square foot structure has a 160 plus person occupancy (it could currently comfortably seat nearly 200) and is ideally located on one of the most sought after Hollywood / West Hollywood streets.
Serious inquiries only. This business will only be sold simultaneously with the Real Estate. NDAs will require indication of ability to purchase. This opportunity is not available for co-broker at this time; kindly refrain from calling. Contact for more information on this Restaurant / Bar for sale.
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