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Bar Grill In West Hollywood For Sale

West Hollywood, California - South, US
Asking Price:
$795,000 Furniture / Fixtures included
Sales Revenue:
$12,000
Cash Flow:
$12,000

This West Hollywood bar and grill, which has been a perennial hot spot for nearly 15 years, boasts stellar street visibility, an ideal outdoor patio, entertainment, and its onsite parking lot.

The hotspot is known for its eclectic menu, creative cocktails, lively atmosphere, and festive events that range from karaoke nights to all-day holiday celebrations.

The popular venue caters to a variety of locals and visitors with a balance of globally inspired dishes, comfort food, and a fantastic beer and cocktail selection.

The business has a $550k EIDL loan that may potentially be assumed by a buyer in lieu of seller financing.

Property Information

Real Estate:

Lease

Premises Details:

This 5k square foot venue leases for $25.5k including triple net (NNN) expenses on a new 10 year lease with options to be negotiated. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. As this will be treated as an asset-only sale, the venue’s financials, name, concept, menu, customer lists and social media accounts will not be shared or included. An estimated $5k in inventory will be sold at cost at close in addition to purchase price.

Size in square feet:
5,000

Business Operation

Expansion Potential:

This venue’s prime location, dance and entertainment entitlements, comprehensive kitchen, versatile layout and onsite parking lot make the venue ideal for any number of pre-established concepts or new concept launches.

Competition / Market:

This iconic West Hollywood institution stands out from the competition with its irresistible blend of a warm, friendly atmosphere, culinary innovation and a lively ambiance comprised of welcoming loyal patrons. The venue’s friendly staff and casual, comfortable atmosphere makes it highly inviting for newcomers that will invariably return for everything from weekend brunch on the patio, to dining with friends or a late night of revelry with the new friends that patrons are likely to make!

Reasons for selling:

Retirement

Employees:
0
Years established:
2009

Other Information

Support & training:

Seller will train for 2 weeks at 20 hours per week or as negotiated.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller may consider a small secured carry to a creditworthy buyer based on offer and experience in order to facilitate an SBA or other loan.

Furniture / Fixtures value:
$50,000 - included in the asking price
Inventory / Stock value:
$5,000