West Hollywood Restaurant With Beer Wine & Patio For Sale

Business description

This West Hollywood restaurant with beer, wine and a large patio is located in the most coveted corridor of Santa Monica Boulevard –in the heart of the action. Not pigeonholed as either a gay or straight venue, the restaurant is able to capitalize on the heavy foot traffic and nightlife in the thriving community. The location enjoys excellent street frontage and busy neighbors, two key factors that ensure everyone in the area is familiar with the restaurant. The business has been successful for decades, suggesting that there is little need for modification. New owners may seek to retain the menu with a few of their own additions to further increase business. This restaurant has a beer and wine liquor license that allows for service on the ever popular patio.

Property information

Real Estate:

Lease

Location:

The 2,000 sq. ft. restaurant plus patio leases for $5,500 per month (but will likely go up a bit – which the financials already take into account). The lease is valid until July 2011, and options will be negotiated prior to finalization of the sale. The facility has a full kitchen with all of the necessary equipment including a deep fryer, 2 grills, oven, stove, dry storage area, and 1 parking space.

Size in square feet:

2,000

Other information

Expansion potential:

This venue could be taken in any direction. A new owner could capitalize on the decades of success with the current concept, modify it slightly to increase beer and wine sales, or use the ideal location to launch an entirely new concept.

Competition / Market:

This restaurant is located “on the Boulevard” East of Doheny and West of La Cienega, in the heart of West Hollywood. As such, there is strong competition, but only a few other restaurants have a location that could potentially rival this one.

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Personal

Financing available:

Not Offered

Inventory / Stock value:

$1,500