Downtown Los Angeles Bar& Lounge–Unique East Coast

Business Overview:

This Downtown Los Angeles bar and lounge boasts a highly unique and sophisticated east coast vibe that is reminiscent of a venue that one may visit in Boston, New York or D.C. The bar and lounge offers patrons food options prepared in its fully outfitted kitchen, however, since it has a coveted Type 48 Liquor License it is not required to.

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Property Features and Assets:

This 2,236 square foot bar leases for $17,268 per month plus monthly CAM (Common Area Maintenance) expenses on a lease until 9/2026 with one five year option to be negotiated, with a rate anticipated to be at fair market value at the time its exercised. All of the business's furniture, fixtures, equipment and Type 48 Liquor License will be included. Approximately $10k in alcohol inventory will be sold at cost at close in addition to the asking price.

Market Competition and Expansion:

The downtown Los Angeles market has no shortage of drinking and dining options, however, most of its bars with Type 48 Liquor Licenses would be characterized as ‘dive bars.’ This venue is clearly the exception to that rule. Its high traffic location, rich decoration and stellar access, visibility and client base set this venue apart.

Reason for Selling:

Additional Details:

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