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Businesses For Sale > Business For Sale in West Hollywood, California (CA)

WeHo Adj. Rest./Bar w/Liquor, Patio, Parking & Property for sale in West Hollywood, CA

West Hollywood, California (CA)

Asking Price: Gross: Cash Flow:
$ 3,300,000 Undisclosed Undisclosed

Furniture and Fixtures Value:
(included in the asking price)

Real Estate:
(included in the asking price)

Business Summary:
This well-known 4,700 square foot West Hollywood and Beverly Hills adjacent bar and restaurant has been a place to see and be scene, particularly when it comes to inking big Hollywood deals, for the past 20+ years. This unique sale comes with a 60+ person dining room and bar, enormous 60+ person patio, 20+ car parking lot, full liquor license, oversized kitchen and separate food prep area, walk-in cooler / freezer, storage rooms and multiple offices. This restaurant’s location offers its operators a relatively built-in client base as it is located near some of the city’s most exclusive stores, has several very large nearby employers (providing foot traffic during the day and evening), and is in one of Los Angeles’s most exclusive residential neighborhoods. This restaurant’s name, exact concept, menu and recipes are not included in the sale. Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, but also identifying where funding will come from. Requests for specific data without such will not be entertained, nor will responses such as Not Applicable, Bank Loan (without indicating % down), or Investors. This opportunity is not available for co-broker at this time. Call/Email for financial data.

 

   
Year Business was Established: 1987
   
Number of Employees: TBD  
   
Facilities / Terms of Lease: This 6,500 square foot C-2 zoned corner property offers patrons a parking lot for 20+ autos (parked valet style), a spacious 2 storey structure, and an oversize 60+ person outdoor patio.  
   
Potential Growth/Expansion: New management will likely seek to capitalize on the business’s incredible location, oversize 60+ person patio, and unrestricted liquor license by revising the high-end concept to accommodate younger (that is, younger than this venues current client base), high discretionary income revelers that may prefer a modernized lounge atmosphere and stylish patio to coincide with a first class dining experience.  
   
Competition: Competition is relatively high in this coveted area, however, this location has a built-in long term sustainable competitive advantage due to its unmatched proximity to major employers, tourists, high income shoppers and nearby residents.  
   
Owner willing to finance: Not Offered  
   
Owner willing to train: 2 wks at 20 hrs/wk  
   
Reason for selling: Personal  
   
Seller Reference Number: Rob Rest
BusinessMart.com Listing Number: 50427
 

 

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For more info contact:

Ryan Clark

The Veld Group
310-652-8353

CONTACT SELLER

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