Hollywood Full Liquor Bar With Patio & Entertainment
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1950
Number of Employees 4 - 5
Inventory 23000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This Hollywood Area hipster bar for sale with a 48 liquor license is the rarest of finds in a highly eclectic and one of the most sought after areas of Hollywood. This very well established bar is a hole in the wall on the outside, yet plush and appealing on the inside. The facility rewards its loyal, hip and decidedly ''non-Hollywood pretentious'' hipster patrons with a great bar, indoor / outdoor gathering areas, and a plethora of nicely appointed indoor bottle service booths, or outdoor smoking booths. As this bar has a full-liquor license, there is no food service requirement. Asking Price $650,000. Contact for addt'l financial data.
This 3,700 square foot facility is conveniently located near the 101 Freeway, as well as the major entertainment venue of Hollywood. The bars include several POS terminals, 2 separate lounge areas, a potential VIP room, storage, and plenty of office space. The facility leases for $15,000 per month, on a lease until October 2012 with a 5 year option. The lease includes 2 parking spaces, and the facility offers patrons valet or street parking.
This business is not located in direct competition with other Hollywood venues and has been a stable earner for likely a half of a century. As the venue, its owner and its promoters seek to maintain a very relaxed vibe, the bar does not compete head to head with the Hollywood Blvd bars in fashion that year ... rather, this bar's patrons opt to fly under the radar of those seeking establishments with long lines and door fees.
This bar does no advertising and little promotion - in fact, it does not have an advertised name, marquee or billboard. The owners have similarly opted to not charge a cover charge or promote 'exclusive' parties, etc. While new owner may seek to implement such changes, current management would suggest that a buyer maintain the status quo and allow the bar to continue as a steady earner.
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