This West Hollywood bar with a patio, DJ and entertainment, is located in the heart of the boulevard’s activity. The hotspot, which has become a favorite with its loyal client base comprised of locals and visitors, boats a lively atmosphere. On occasion, they host DJs, karaoke parties and drag shows, keeping it at the forefront of top spots for a fun and festive nightlife experience.
- Asking Price:
- $1,000,000 Furniture / Fixtures included
- Sales Revenue:
- $948,573
- Cash Flow:
- $157,007
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$122,252 per annum
- Premises Details:
-
The 1,400 square foot venue leases for $10,030 per month plus an additional $767 in common area maintenance (CAM) expenses on a lease until September 2027 with a 5-year option. All of the business’s furniture, fixtures, equipment, Type 47 Liquor License, goodwill and permitting will be included in the sale. An estimated $5,000 inventory will be sold at cost at close in addition to purchase price.
- Size in square feet:
- 1,400
Business Operation
- Expansion Potential:
-
New management can maintain the current concept, which has proven successful, or capitalize on the venue’s location, patio and entitlements to launch a new concept. Expanding event offerings, such as themed nights or increased entertainment or menu offerings, may attract in new customers and bolster their existing loyal client base.
- Competition / Market:
-
This venue is located in the heart Santa Monica boulevard entertainment area. As such, fierce competition exists but there is also a built-in street visibility to all area revelers.
- Reasons for selling:
-
Personal
- Employees:
- 9
- Years established:
- 2013
Other Information
- Support & training:
-
Seller will train for 1 week for 20 hours or as negotiated.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller will carry a small, secured carry to a creditworthy buyer with sufficient experience to facilitate an SBA or conventional loan, based on the overall offer.
- Furniture / Fixtures value:
- $30,000 - included in the asking price
- Inventory / Stock value:
- $5,000
