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For Sale: Restaurant Bar - Live Entertainment - North Hollywood, LA County


Current Status: Active     Posting #: 253940     Last Refreshed: 11/6/19    
Contact: Michael Raad At 626-204-2319  -  Also Email This Contact Below
Price:  $378,000     Down:  $378,000     Adjusted Net:  $84,000     Revenue:  $1,020,000    
Business Address:  None Given     City:  North Hollywood     Zip:  None Given    
Attributes:  Absentee Run, Training & Support     Cooperation With Brokers?  Call

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  Description About This Posting: Restaurant Bar - Live Entertainment
Located in famous NoHo Arts District that is the center of entertainment in La. Established 15 years, one year ago with present seller. Building size is approximately 2,100 sq. ft., totally remodeled and upgraded with a modern look. Has a fully equipped kitchen with a hood, a flattop grill w/oven and stove, a char-broiler, a smoker, two fryers, freezer, refrigerators, keg room with 12 beers, 6 tab beer fridge, 10 TVs, 17 cameras w/DVR, 2 Sonos systems, POS system and much more. Has 2 bars, storage areas inside and outside. 3 bathrooms and a capacity of 100 patrons inside and 12 in the outside patio where they can enjoy their food and drinks. After the remodeling was done this restaurant opened for business just one year ago and is already grossing $85,000/month and still growing. Rent is $8,500/month; lease is 5 years plus 5 years option. Business is 100% help run by 9 employee sand has all licenses to run a successful operation.

A type 47 liquor license, an entertainment license, as well as a dancing license. The venue offers; game show, cabaret show, Saturday and Sunday brunch, DJ and parties. New experienced operator can expand the business by advertising, getting active on social media, opening for breakfast, adding catering service, promoting karaoke, Latin, Greek nights, belly dancer etc. A stand-up comedy program would be a good addition as well. This is a desirable destination that is a favorite among locals and neighboring communities due to its tasty food, friendly staff, and easy parking. This opportunity with all its amenities has a great potential to grow beyond any investor imagination. Seller is seeking different interest, and is motivated to sell.

To get more information about this Restaurant Bar - Live Entertainment business for sale in North Hollywood, LA County please phone Michael Raad (Broker - BRE License #:00984305) at 626-204-2319 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #253940 on BizBen.com. In addition to phoning Michael Raad, make sure you email Michael Raad above to get more info about this Restaurant Bar - Live Entertainment, to ask any questions or request an appointment to see this business for sale. Thank you.

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