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Strip Bar, Restaurant, Live Music, Dancing For Sale - Hollywood, California
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Profile: Prestigious Sunset Strip Bar & Rest W/Live Music & Dancing.
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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: |
11/1/08 |
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| Date Last Revised: |
11/1/08 |
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| BizBen Ad #: |
126664 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,700,000 |
| Down Payment: |
$1,700,000 |
| Annual Revenue: |
$2,100,000 |
| Annual Adjusted Net: |
$475,000 |
| Price Range: |
$1 Million to $2 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 Bar And Restaurant With Live Music And Dancing Not Only Has A Historic Location On The Sunset Strip, But It Also Comes With All Of The Difficult To Obtain Components Necessary To Succeed In The Local Entertainment Industry. The Location Lends Itself To A Plethora Of Concepts; New Owners May Seek To Continue To Grow The Successful Existing Business Concept, Or Capitalize On Their Ability To Serve Full-Liquor, And Offer Live Music And Dancing To Launch A Slightly Modified Or Even An Entirely New Concept.
The 9,000 Square Foot Facility Also Has A Coveted 1,500 Square Foot Patio That Is Exclusive To The Bar And Restaurant During The Evening Hours. The Venue Leases For 20,071 Per Month Including Common Area Maintenance (Cam) Fees. The Current Lease Is Valid Through December 2013, With 3 Five Year Options Which May Be Available To A Qualified Prospective Buyer. The Facility Comes Fully Equipped With A Massive Kitchen, Prep And Storage Areas Which Could Be Used For Catering Or Leased Out To A Catering Company. All Of The Kitchen Equipment, Furniture, Fixtures, Point Of Sale System, Liquor License, Goodwill / Intangible Assets, Etc. Will Transfer In The Sale.
This Business Is Located In One Of The Most Heavily Trafficked Areas Of Hollywood. As This Area Has Long Been Considered The “Place To Be” For Live Evening Entertainment And Dancing, There Is Obviously Nearby Competition. That Said, This Business Enjoys A Unique Concept, Is Set Up For Live Music, Offers Patrons On-Site Parking, And Has A Substantial Lease With Long Term Coverage.
New Owners May Seek To Continue To Grow The Existing Concept, Potentially Add Additional Promotions, Expand The Menu, Or Completely Renovate The Facility And Modify The Proven Concept. The Facility And Location Are Versatile Enough That A Buyer May Be As Successful Positioning The Venue In Any Number Of Ways. As The Business Is Located Near High Foot Traffic Office Buildings Bustling With Daytime Commerce, The Restaurant Has The Ability To Offer Lunch Service, Delivery Service, Catering, Banquets, Meeting / Conference Room, And Other Similar Forms Of Private Parties.
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 Identifying Where Funding Will Come From. 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.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Ryan Clark, Broker at 310-652-8353 |
See All Our Other Businesses For Sale We Have Available
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| 2008-12-02 |
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