West Hollywood Bar With Patio, DJ & Entertainment!
West Hollywood, CA Los Angeles County
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- RE: West Hollywood Bar With Patio, DJ & Entertainment!
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $640,000 | |
| Annual Revenue: | $948,573 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $157,007 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $30,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2013 | |
| Employees: | 9 | |
| BBN Listing #: | 954648 | |
| Broker Reference #: | NOLBAR |
Business Overview:
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.
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Property Features and Assets:
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.
Market Competition and Expansion:
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.
Reason for Selling:
PersonalAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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