This North Hollywood bar and grill offers a customer embraced concept, a welcoming vibe, a thoughtful build-out that exudes character, and onsite parking. The venue has become known for its friendly service, casual vibe, and rotating offerings that have made it a popular hangout for regulars and newcomers looking to unwind, catch up with friends or colleagues, and enjoy a low-key night out in a versatile spot that never feels overcrowded or pretentious.
- Asking Price:
- $199,000 Furniture / Fixtures included
- Sales Revenue:
- $1,200,000
- Cash Flow:
- $12,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$216,000 per annum
- Premises Details:
-
This 5,100 square foot location leases for $18k – $20k per month, on a lease until 2028 with one 5-year option. Though the name and concept will not transfer in the sale, the business’s furniture, fixtures, equipment, and Type 41 Beer and Wine license will be included. An estimated $10k in inventory will be sold at its cost at close in addition to purchase price.
- Size in square feet:
- 5,100
Business Operation
- Expansion Potential:
-
The venue, which is part of a chain, offer the onsite working owner-operator a fantastic opportunity to implement their concept in a prime high visibility location for a fraction of what it would cost to build-out out themselves and obtain the beer and wine entitlement. The versatile venue lends itself to a wide range of concepts.
- Competition / Market:
-
The surrounding area features a mix of bars, restaurants, and entertainment venues – with each leaning into their unique attributes and alluring atmospheres for differentiation. This creates an entertainment district that attracts a broad range of revelers that can capitalize on the variety of available offerings.
- Reasons for selling:
-
Personal
- Years established:
- 2023
Other Information
- Support & training:
-
Seller will train for 1 week at 20hrs or as negotiated
- Financing available:
-
May consider a small secured carry to assist with an SBA loan
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $10,000
