$250,000.00
Asking Price
Address: North Hollywood, 91601.
Status: Active
Posting ID: 281774
11/13/23
Description
This is a restaurant with a hookah cocktail bar, located in the famous NoHo Arts District which is the center of entertainment in LA. It has been established for 18 years, 3 years with the present owner. The building size is 2,100 SF, completely remodeled and upgraded with a modern touch.
It has a fully equipped kitchen with a hood, six burner stove w/grill and an underneath refrigerator, 3 commercial refrigerators, 2 commercial freezers, 3 beverage refrigerators, 3 POS systems, 6 hand POS, ice machine, pizza oven, 3 prep refrigerated tables, washer/dryer, two 200 degree dishwashers, a 20-pound dough mixer, fryer, deli slicer, Panini press, food warmer, espresso machine, 13 TV screens, complete surround sounds indoors / outdoors, 27 cameras w/DVR, and more.
It has 2 bars, a keg room with 12 beers, a storage area inside and out, 3 bathrooms, and a capacity for 100 patrons inside and 12 on the patio outside. Rent is $11,000/MO, with 3 years left on the lease plus 5 options. The business is 100% help run by 12 employees and a payroll of $17,600/MO.
The gross annual sales are $840,000, and the net income is $152,600. The business has all the licenses to run a successful business; a type 47 liquor license, entertainment license, dancing license, as well as a tobacco license for the hookah. Serves; liquors, hookah, appetizers, tacos & burritos, burgers, sandwiches, pasta, salads, and pizzas.
Business hours are Monday 5: 00- 10:00, Tuesday 10:00-12:00, Friday and Saturday 10:00-:1:00, and Sunday 10:00-12:00. The venue offers entertainment on Friday, Saturday, and Sunday; jazz night, burlesque, live band, and DJ.
The seller doesn't do any marketing. New experienced operators can expand the business by advertising, getting active on social media, opening for breakfast, promoting karaoke, Latin, Greek nights, belly dancing, 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 for its tasty food, friendly staff, and easy parking. This opportunity with all the great amenities has a great potential to grow beyond any investor's imagination. The seller is retiring.
To get more information about this Restaurant With Hookah Cocktail Bar - Absentee Run business for sale in North Hollywood please phone Michael Raad (Broker - BRE License #:00984305) at 626-215-4563 Cell and 626-204-2319 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #281774 on BizBen.com. In addition to phoning Michael Raad, make sure you email Michael Raad above to get more info about this Restaurant With Hookah Cocktail Bar - Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you. License # 00984305. Century 21 Golden Realty.
Contact
Details
Asking Price: $250,000.00
Down: $250,000.00
Cash Flow: $152,600.00
Revenue: $840,000.00
Area: North Hollywood
City: North Hollywood
Attributes:
My Notes About This Listing
Cash flow
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Revenue
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Cash flow
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Revenue
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Down
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Down
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Down
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