Profile: Rare Find – Hollywood Bar With Full Liquor, Patio And Live Entertainment!
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Ryan Clark, Broker
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| Primary Phone: |
310-652-8353 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
8/22/08 |
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| Date Last Revised: |
8/22/08 |
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| BizBen Ad #: |
114622 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$850,000 |
| Down Payment: |
$850,000 |
| Annual Revenue: |
$720,000 |
| Annual Adjusted Net: |
$275,000 |
| Price Range: |
$500,001 to $1 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
No |
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Description:
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This Hollywood Area Hipster Bar 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 An Indoor And Outdoor Bar, Two Stage And Or Gathering Areas, And A Plethora Of Nicely Appointed Indoor Bottle Service Booths, Or Outdoor Smoking And Everything Else Booths. As This Bar Has A Full-Liquor License, There Is No Food Service Requirement.
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 Entertainment / 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. Occupancy Officially Exceeds 300, But The Space Can Comfortably Fit Many More Give The Size And Ease Of Access The Outdoor Patio Offers.
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 Boulevard 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.
This Opportunity Is Currently In Escrow, However, Backup Offers Are Being Accepted. No Co-Broker Is Available.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Ryan Clark, Broker at 310-652-8353 |
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