Spacious restaurant and bar for sale. Occupies one of the most prominent locations on Ventura Boulevard and has liquor, onsite parking, patio(s), a private dining area, two kitchens and billboard style signage! The venue is a neighborhood favorite. Loyal lunch customers.
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RESTAURANT AND BAR IN STUDIO CITY
This spacious restaurant and bar occupies one of the most prominent locations on Ventura Boulevard and has liquor, onsite parking, patio(s), a private dining area, two kitchens and billboard style signage! The venue is a neighborhood favorite, with 50% of its business being derived from loyal lunchtime patrons who are professionals who work in the area, local residents and commuters. The facility comes with a spacious, fully outfitted kitchen complete with standard and convection ovens as well as a specialty oven, several stoves, warmers, grill and griddles, deep fryers, and multiple salad prep stations, as well as a second smaller stand alone kitchen with its own stoves, ovens and hood system, dishwashing and food prep area. The facility has an enormous walk-in cooler, a large dry storage area and a manager's office. The sale includes all off the business's furniture, fixtures, and equipment, as well as its liquor license.
This 7,000 square foot facility plus 900 sq. ft. patio leases for $15,000 per month on a lease until 2017 with options to be negotiated in the sale. Occupancy is reported to be approximately 200 patrons for the restaurant, bar and patio combined. Approximately $20,000 in inventory will be sold at cost at close.
As this bar and restaurant occupies an unrivaled location with excellent street front visibility and access, it has a unique sustainable competitive advantage over most potential competition. What's more, it boasts convenient onsite parking, patio space and a separate bar area in an area that is densely populated with daytime and happy hour business persons as well as local residents and commuters.
New owners, who may likely be an established or aspiring national chain, may seek to take advantage of the facility's stellar visibility, high daytime and happy hour foot traffic, and liquor license and patio(s). The facility can lend itself to a high volume cafe, a fine dining concept or even a sport bar!
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