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Businesses For Sale   >>   Restaurants and Fast Food (Non-Franchise) Businesses For Sale

Hollywood Restaurant With Beer, Parking & Patio

Location  California,United States
Asking Price Range  $250K - $500K
Gross Revenues  $499000
Net Profit / Cash Flow  $117002
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2012
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

Description  
Located in the absolute heart of Hollywood, this pristine restaurant with a large, beautiful patio boasts a beer and wine license, an excellent location with ideal street visibility, a parking lot, a tremendous patio and convenient freeway access. What's more, the venue has an unbelievable long term lease! This is the type of location that a nascent concept or brand will seek to definitively establish its identity in an ideal way in one of the nation's most coveted markets! Asking Price $359,000. The 1,700 square feet (total square footage, excluding the parting lot) leases for a remarkable $3,300 per month on a lease until 2021, with two additional 5 year options. The lease has annual 3% increases built in. All of the business's furniture, fixtures, equipment and beer and wine license will be included in the sale. The restaurant's trade name and recipes are not for sale. Due to this business's prime location there is undoubtedly going to be nearby competition. No competitors in the immediate vicinity, however, can offer the ambiance or type of dining, drinking and socializing experience that this unique venue is able to provide its patrons. This impactful location boasts great street visibility and a parking lot which is free during the day and available for inexpensive valet parking use during the evening. A new owner will certainly seek to capitalize on this unique space in a number of ways which may include offering individual tables for a cozy, romantic dining experience, by implementing a social, fun and casual communal dining type of atmosphere, by capitalizing on the beer and wine license by focusing on craft beer or hosting nightly beer specials, beer flights, or beer ''brunches,'' or if additional permitting is obtained, utilizing the patio to showcase nightly entertainment or daytime weekend events to draw in the large consistent crowds in the area - particularly once the area's bars and nightclubs have closed.


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