November 22, 2009
 
 
Restaurant, Full Bar  •  $799,000

Location: West Hollywood
Seller: Ryan Clark
Phone: 310-652-8353
 
 
About This Business
BizBen Ad #: 144051
Status: Available
Start Date: 11/9/09
Last Revised: 12/31/69
Location: West Hollywood
County: Los Angeles
City: West Hollywood
Contact Information
Seller or Contact: Ryan Clark
Primary Phone: 310-652-8353
Alternate Phone: Not Provided
Email: contact@theveldgroup.com
 
 
Financial Information
Asking Price: $799,000
Down Payment: $799,000
Annual Cash Flow: $210,000
Annual Revenue: $1,260,000
Detailed Information
Franchise: No
Relocatable: No
Home Based: No
Real Estate Included: No
Broker To Broker Cooperation: No
 
 
Business Summary
This Day-Time Oriented West Hollywood Restaurant With A Parking Lot, Patio And Full-Bar (Offering Full Liquor) Is An Established Earner That Can Be Run ‘as Is’, Or May Be Successfully Be Turned Into Any Number Of Daytime, Evening Or Even Late Night Bar-Oriented Concepts. The Location, And Its Unique Lease And Additional Attributes, Are Rare In This Coveted Restaurant And Entertainment Corridor. This Facility With A Full-Liquor License Has Indoor Seating For 135, Plus Room For Another 35 Or So Patrons On The Spacious Outdoor Patio.

The 4,600 Sq. Ft. Restaurant With A Full-Bar, A 700 Sq. Ft. Patio (Approximate), And A 15+ Space Parking Lot Leases For 12,000 Per Month On An Incredible Lease With No Annual Increases For 18 Years! The Facility’s Conditional Use Permit Allows For Patio Dining Until 1 Am, As Well As Non-Amplified Music.

While This Restaurant Is Located “On The Boulevard” East Of Doheny And West Of Crescent Heights, It Is Not Considered A Strictly Alternative Venue.

This Venue Could Be Taken In Any Direction. A New Owner Could Ride Out The Current Concept ‘as Is’ And Be Successful For Decades To Come, Or A New Owner-Operator Could Capitalize On This Establishment’s Liquor License, Bar, Patio And Parking Lot And Open An Full-Fledged Evening Oriented Restaurant, Bar Or Lounge And Social Venue.