This established bar and restaurant boasts a dominant downtown Los Angeles location in one of its most sought after areas. The successful concept is a proven earner with remaining room to increase top-line revenues and further maximize its already attractive net profit margin. The establishment's concept is a unique one, while its menu and decor differentiate it from competing area venues, while providing a buyer the ability to capitalize on its recipe for success by opening new locations. The venue has a bustling daily lunch and happy hour crowd largely comprised of downtown's professionals, artists, students and residents, whereas they all also attract evening revelers including those who reside in the immediate vicinity or frequently visit.
The 2,000 square foot venue leases for $4,301 per month on a lease until 9/1/30. All of the furniture, fixtures, equipment, Type 47 Liquor License, as well as goodwill with the names and concept will be included in the sale. Approximately $10,000 in liquor inventory will be sold at cost in addition to asking price.
While there are several competing bar and entertainment venues in the greater downtown Los Angeles area, this location's unique concept and fare sets it apart and provides it a unique point of differentiation and competitive advantage. These factors have translated into a loyal customer following.
New operators will likely capitalize on this established venue's successful track record. They may opt to focus on promoting this location or they may use it as the blueprint and launch pad to open new locations. The venue would tremendously benefit from a full-time working owner-operator.