Hollywood Area Bar & Restaurant w/Live Music & Entertainment!

Los Angeles, CA (Los Angeles County)

Hollywood Area Bar & Restaurant w/Live Music & Entertainment!

Asking Price:$900,000

Cash Flow:N/A

Gross Revenue:N/A





*not included in asking price.

Hollywood Area Bar & Restaurant w/Live Music & Entertainment!

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Business Description

This Hollywood Area bar and restaurant opportunity is unique in that it can operate as multiple separate venues or a single. The bar is permitted to operate without food service, but entitled for live music, DJ and dancing. Alternately, it includes a fantastic restaurant with main street visibility and plentiful seating that could host several food driven concepts that are either combined with the bar and live entertainment venue or separate from it. The venue’s overall occupancy exceeds 540 patrons.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This 14,000 square foot venue leases for approximately $24,000 per month base rent plus approximately $5,000 per month in NNN Expenses on a secure lease with new terms to be negotiated. All of the business's furniture, fixtures, equipment and multiple onsite and offsite liquor licenses and entitlements will be included in the sale. The venue has onsite parking included in its lease.
This opportunity is unique not only due to its location, but also because of the multi-faceted nature of the offering itself. As such on one hand it faces competition from other trendy restaurants and lounges, while on the other hand nightclubs and live entertainment venues pose a different form of completion. Few venues in the greater Hollywood area, however, have the versatility that this opportunity boasts.
Growth & Expansion:
Due to the plethora of options available, new operators may wish to take this concept in any number of directions.
Support & Training:
2 Weeks at 20 hrs/wk

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Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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