Description This West Hollywood Restaurant and Bar with beer and wine is ideally located on the Sunset Strip, with high traffic neighbors and excellent street visibility. The venue boasts a 10 patron bar, an oversized chef designed kitchen, two restrooms, a manager's office as well as access to a highly popular adjacent patio.
Asking Price $149,000.
This 1,600 facility leases for $4,400 per month on a lease expiring in 2015 with one 3 year option. All of the business's furniture, fixtures, equipment and Type 41 Beer & Wine License will be included in the sale. The cost to build-out, license or otherwise replicate this venue exceeds its purchase price! Inventory will be sold at cost at close.
Due to this venue's prime location, competition exists on several levels. The bar and restaurant could thrive with a fine dining concept, however, the build-out and customer base is versatile enough to also support several quick service concepts.
Given the abundance of night life in the immediate vicinity, new operators should capitalize on the business's beer and wine license and somewhat built-in evening to late night bar and nightclub foot traffic. They will also seek to cater to daytime commuters, neighborhood residents, tourists and employers.