Miracle-Mile Area Bar with Live Music, Entertainment & Dance

Los Angeles, CA (Los Angeles County)

Miracle-Mile Area Bar with Live Music, Entertainment & Dance

Asking Price:$499,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$50,000

Inventory:$10,000*

Established:2006

*not included in asking price.

Miracle-Mile Area Bar with Live Music, Entertainment & Dance

Get Financing Save Print Share Valuation Report

Business Description

This Miracle Mile area bar with live music, entertainment and dance permitted is priced for a timely sale. The venue has a coveted Type 48 Liquor License so no food service is required, although adjacent restaurants can readily provide it. The bar and entertainment venue has main street visibility as well as excellent access to Hollywood, West Hollywood, Beverly Hills, Koreatown and Downtown Los Angeles. While it already has convenient bus service nearby, it will boast stellar Metro access once the Purple line extension construction is completed.

Detailed Information

Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 10,000 square foot venue (approx.) leases for $16,000 per month base rent plus roughly $3,333 per month in triple net (NNN) expenses on a secure lease with new terms and option periods to be negotiated. The venue has onsite parking included in its lease. All of the business's furniture, fixtures, equipment, liquor license and entitlements / permits will be included in the sale. Approximately $10,000 in alcohol inventory will be sold at cost at close in addition to the sale price.
Competition:
As there is a limited number of large venues permitted for live entertainment and disc jockey driven amplified music and dance, this opportunity does note face a great deal of competition in its immediate vicinity.
Growth & Expansion:
New management may wish to take this opportunity in any number of directions. They may want to maintain the operation with its current concept or they may prefer to implement a high-end or an otherwise themed nightclub concept, launch a live entertainment venue or any number of additional possibilities that it could thrive as.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal

Listing Statistics for Premium Members

Ad#:1318101 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

Show Phone Number

View My Listings


Sponsoring Broker:
Michael Wildeveld

Find out more...

Get more details about this business.


Similar Listings


Bonchon

Franchise Opportunity
Capital Required: $300,000