Hollywood Restaurant / Bar With Exquisite Property
Location:
United States
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California
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Southern California - Los Angeles Area
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Los Angeles
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
An opportunity like this one is a rare occurrence - a highly profitable West Hollywood / Hollywood Area concept restaurant in a prime location, with a full liquor license and property. The restaurant has excellent street visibility and is walking distance to other evening entertainment venues. As such, this opportunity should appeal to the experienced restaurateur, the novice investor seeking a segue into the restaurant industry, or the Hollywood Entertainment company seeking a marquee venue to place their nameplate on and convert into a truly unique hybrid restaurant and lounge concept. The 5,000 square foot structure has a 160 plus person occupancy (it could currently comfortably seat nearly 200) and is ideally located on one of the most sought after Hollywood / West Hollywood streets.
Serious inquiries only. This business will only be sold simultaneously with the Real Estate. NDAs will require indication of ability to purchase. This opportunity is not available for co-broker at this time; kindly refrain from calling. Contact for more information on this Restaurant / Bar for sale.
Financials
Asking Price Range: $2.5M - $5.0M
Gross Revenues:
$1,420,000
Cash Flow:
$500,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 1967
Number of Employees: 20 - 34
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: 2 weeks at 20 hours / week.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70062945
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