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Norwalk, Los Angeles County, California
Restaurant And Bar - Live Entertainment
Asking Price
$599,000
Revenue
$1,112,883
Down
$599,000
Cash Flow
Call/Email
Description
This 3,500 square foot leases for an attractive $3,900 per month on a secure lease until 4/2024 with options to be negotiated in the sale. All of the business's furniture, fixtures, equipment, and liquor license as well as a live entertainment permit will be included in the sale. An estimated $5k - $10k in inventory will be sold at cost at close in addition to the purchase price.
While bars, restaurants, and live music venues exist in the popular entertainment district that is in Norwalk's adjacent city, few occupy as prominent of high foot and drive-by traffic locations and fewer still enjoy such a reasonable lease rate for such high-profile venues with similar entitlements. As such, this versatile business, which can thrive with any number of concepts, maintains a built-in long-term advantage over competitors.
This business may benefit from a seasoned onsite management team with restaurant, entertainment, or general hospitality industry experience. The versatile layout may be readily adapted to any number of similar or entirely different concepts that can capitalize on this venue's attractive overhead structure, liquor, and live entertainment entitlements.
Posting Information
Posting ID:
278835
Business Category:
Restaurants & Food, Entertainment
Business Types:
Night Clubs, Dance Club, Jazz Club
Full Service, Dine In Restaurant
Bar, Pub, Sports Bar, Lounge, Tavern
Keywords:
bars, entertainment, norwalk, los angeles
Attributes:
Broker Cooperation
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Posting Title
Restaurant And Bar - Live Entertainment
Posting ID
#278835
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