Hollywood Bar With Full Liquor & No Food Requirement
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $700000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2003
Number of Employees 10 - 19
Inventory 134000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will train for 2 weeks at 20 hours per week or as necessary.
Reason for Sale Personal.
Description This bar for sale seems to posses those attributes that every aspiring club owner or seasoned multi-venue Hollywood bar operator seek - a full liquor license in Hollywood's hottest area with dancing, live or D.J. entertainment, 9 years of lease coverage and no food requirement!
Asking Price $595,000.
This 2,450 square foot facility, with an occupancy for 150 persons, rents for $9,000 per month on a lease until July, 2012 with 1 five year option. The facility is located in as prime of an area as anyone may seek to operate a Los Angeles bar and nightclub. The Hollywood and Sunset Boulevard 'club strip' continues to be the place to go for Los Angeles nightlife. As such, this club benefits from the other complementary venues in the immediate area. It does have an advantage over its competition as it does not have to offer patrons food service, but can offer them dancing and full entertainment. While the current concept make this venue a favorite for everyone ranging from regular clubgoers to A list celebrities, the venue may be easily modified to suit any buyer's concept.
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 to obtain details on this highly sought after offering. 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.
Click Here To Contact Seller
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