Restaurant / Bar With Liquor, Patio, Parking & Property
Location California,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1987
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This well-known 4,700 square foot West Hollywood and Beverly Hills adjacent bar and restaurant for sale has been a place to see and be scene, particularly when it comes to inking big Hollywood deals, for the past 20+ years. This unique sale comes with a 60+ person dining room and bar, enormous 60+ person patio, 20+ car parking lot, full liquor license, oversized kitchen and separate food prep area, walk-in cooler / freezer, storage rooms and multiple offices.
This restaurant's location offers its operators a relatively built-in client base as it is located near some of the city's most exclusive stores, has several very large nearby employers and is in one of Los Angeles's most exclusive residential neighborhoods. This restaurant's name, exact concept, menu and recipes are not included in the sale.
Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement indicating ability to purchase. Requests for specific data without such will not be entertained. This opportunity is not available for co-broker at this time. Asking Price $3,300,0000. Call/Email for financial data. This 6,500 square foot C-2 zoned corner property offers patrons a parking lot for 20+ autos (parked valet style), a spacious 2 storey structure, and an oversize 60+ person outdoor patio.
Competition is relatively high in this coveted area, however, this location has a built-in long term sustainable competitive advantage due to its unmatched proximity to major employers, tourists, high income shoppers and nearby residents. New management will likely seek to capitalize on the business's incredible location, oversize 60+ person patio, and unrestricted liquor license by revising the high-end concept to accommodate younger (that is, younger than this venues current client base), high discretionary income revelers that may prefer a modernized lounge atmosphere and stylish patio to coincide with a first class dining experience.
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