Business For Sale Listing 157137
Hollywood Blvd Bar & Restaurant W/Full Liquor
Status as of Jan-7-2009 at 05:59 PM: Active
Business Summary
This bar and restaurant occupies an ideal Hollywood Boulevard location, with all of those attributes that an experienced or aspiring bar, restaurant or lounge operator may seek to become one of the dominant dining entertainment venues in the area. This location offers a full kitchen, separate bar and lounge with full liquor, and a small smoking area.
Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, but also identifying where funding will come from. Requests for specific data without such will not be entertained, nor will responses such as Not Applicable, Bank Loan (without indicating % down), or Investors. This opportunity is not available for co-broker at this time.
Monthly rent on the 2,500 + square foot facility is $6,000 (including CAM) until approx. Jan. 2013, with options to be determined based on the new tenant’s credentials. The facility has a full kitchen with an oversized food preparation area and manager’s offices (not included in the aforementioned square footage). Naturally, the liquor license is included in the sale.
This restaurant and bar offers its operator a distinct competitive advantage due to its ideal location, unique concept and pre-established, diversified revenue stream.
With new W Hotel project and additional development in the immediate area, Hollywood Boulevard’s entertainment zone will continue to be the place to for weekday and weekend entertainment. As the current owner does not run the operation as an entertainment venue, a new operator will likely seek to capitalize on the facilities’ best attributes – its full-liquor license and lounge type atmosphere in an ideal location.
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million (1,000,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (100,000) |
| Profit Type: |
Net Income |
| Asking Price: |
Between $500 Thousand and $1 Million (875,000) |
