West Hollywood Restaurant w/Beer & Wine – High Visibility Location!

West Hollywood, CA (Los Angeles County)

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Asking Price: $99,900

Cash Flow: N/A

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $14,900 /Month

Established: 2016

West Hollywood Restaurant w/Beer & Wine – High Visibility Location!

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Business Description

This West Hollywood restaurant with beer, wine and an onsite parking lot occupies a high visibility main street location in one of areas most popular nightlife areas. The venue has a built-in bar with seating for 8-10 patrons and overall seating for approx. 50 patrons, an 8 – 12 tap draft beer system, several flat screen televisions, 2 ADA approved rest rooms, 4 burner stove, 4 bucket deep fryer, grill, griddle, oven and significant additional concept specific equipment. It also has a dishwasher, ice machine, 3 bucket sink, 4 two door fridges and 1 two door freezer.

Detailed Information

Location:
West Hollywood, CA
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
N/A
Employees:
20-24
Facilities:
This 1,800 square foot restaurant leases for $14,900 per month on a lease that expires in April 2021 with one 5 year option. 4 additional parking spaces are leased for $150 per month each for $600 total. All of the business's furniture, fixtures, equipment and Type 41 Beer & Wine License will be included in the sale. The name and exact menu will not be included.
Competition:
The prime areas of West Hollywood are considered competitive; however, this unique location is able to capitalize on a significant amount of day, evening and late night foot traffic that others cannot so readily cater to. This is not only a result of its dominant location, but also its convenient on-site complimentary parking in an area with limited parking options.
Growth & Expansion:
New operators will likely change the concept, as the current brand is not included in the sale, however they may seek to relaunch a similar concept or any number of new or existing ones that can thrive in this popular area and capitalize on this high traffic location and its beer and wine license – which allows it to cater to the late night revelry crowd or potentially become its own competing entertainment destination. Concepts that the immediate area lack, but could thrive on, include Mexican, Chinese, Indian or specialty European such as Greek, a German beer garden, or Spanish tapas.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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