Iconic lounge/restaurant on Hollywood Boulevard

Hollywood, FL (Broward County)

Iconic lounge/restaurant on Hollywood Boulevard
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Asking Price: $900,000

Cash Flow: N/A

Gross Revenue: $2,811,000

EBITDA: N/A

FF&E: $120,000

Inventory: $40,000

Rent: $12,889 /Month

Established: 2004

Iconic lounge/restaurant on Hollywood Boulevard

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Business Description

Incredible opportunity for a stable entertainment business

Owners have exported South Beach style entertainment to this vibrant lounge/restaurant located on Hollywood Boulevard in the heart of entertainment district. Providing unique dining (featuring Latin Fusion cuisine), dancing and enjoyment of live music, other entertainment under 5532 sq feet of state of the art facility. Bar seats 50 patrons and ample dining area. Visit for early dinner and come back to enjoy live music and dance the night away. Lounge has a 4COP liquor/tobacco license and has been operating for 15 years same owners, same location. Venue is open 7 days a week and generates approximately $230,000 in gross mthly revenue. This business is located in an Opportunity Zone.

Detailed Information

Location:
Hollywood, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,532
Lease Expiration:
11/30/2027
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Unique entertainment experience in a cozy atmosphere. Offering Latin fusion cuisine.
Support & Training:
Owners to provide 2 weeks training/transition guidance to buyer
Reason for Selling:
Pursuit of other business ventures
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Henry Castelo

Business Listed By:
Henry Castelo

Keller Williams Capital Realty

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