Business Summary:
This rare Inglewood restaurant and nightclub represents a unique opportunity for a buyer seeking a multi-purpose entertainment event facility. This multi-faceted facility has been conveniently built out with a gorgeous first class dining room, a private party room with its own bar, and a bar / lounge that is converted to a nightclub on weekends. The venue has an entertainment permit allowing for dancing and live music. At present, the business has a beer and wine license, and has recently received a conditional use permit (CUP) allowing the placement of a full liquor license. This restaurant has been home to high profile entertainers, athletes, politicians, and more, as its reputation for quality service and food is widespread.
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| Year
Business was Established: 2005 |
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| Number of Employees:
1 FT 7 PT |
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| Facilities / Terms of Lease:
The restaurant is located in a 4,600 square foot facility (plus parking) which leases for $5,400 per month (including CAM). The lease is valid through 2014 and includes 2 five year options. The sale includes all the restaurant equipment, such as the hood walk-in cooler, kitchen equipment, furniture and fixtures, all of which have been well maintained and are in very good condition. |
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| Potential
Growth/Expansion:
The business has a lot of potential avenues for growth. The current owners have operated a fine dining concept since inception, and have not fully capitalized on the facility’s entertainment permit. The addition of a full liquor license, coupled with the entertainment permit, could provide several additional opportunities for an owner to increase sales with added evening entertainment events such as dj’s, live music, dance classes, or even stand-up comedy. Similarly, new owners may seek to capitalize on the venue’s licensing and set up by marketing for catering events such as meetings, weddings, private parties, etc. |
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| Competition:
Competition is considered medium as other restaurants exist in the area, however few restaurants have the ability to serve liquor, offer entertainment, and entertain patrons in 3 separate dining rooms. |
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| Owner
willing to finance:
Seller May Consider |
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| Owner
willing to train:
2 wks at 20 hrs/wk |
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| Reason for selling:
Personal |
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Seller Reference Number: IngleRest
BusinessMart.com Listing Number: 59283 |
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