Iconic Venice Area Bar & Restaurant
Los Angeles, CA Los Angeles County
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- RE: Iconic Venice Area Bar & Restaurant
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $1,750,000 | |
| Annual Revenue: | $2,200,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1993 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 988810 | |
| Broker Reference #: | TURTBAR |
Business Overview:
This Iconic Venice Beach area bar and restaurant with a built-in entertainment concept is a neighborhood favorite with locals and visitors alike. The indoor and outdoor venue, which occupies an enormous stand-alone pad space, boasts main street frontage with unparalleled freeway access and an abundance of onsite parking. The premise is comprised of a full-scale restaurant, bar and kitchen, and enjoys an entirely separate structure with a prep kitchen with a large walk-in, manager’s office and more. The facility has an outdoor bar that serves patrons on the venue’s 3 distinct outside areas. The entire space has been remodeled in recent years, with significant capital invested.
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Property Features and Assets:
This 3,500 square foot bar and restaurant with an additional 1,700 square feet of food preparation space is located across 3 lots that total 33k (approx.) square feet. The premise leases for $25k per month, with an additional $1k per month in additional expenses on a lease until April 2027 with one five year option with additional options to be negotiated. All of the business's furniture, fixtures, equipment and Type 48 Liquor License, Type 77 Event Permit and live entertainment entitlements will be included in the sale. Approximately $5k - $10k in inventory will be sold at cost.
Market Competition and Expansion:
While competition exists in this highly popular bar and entertainment area, this venue has a 50+ year track record for being one of the neighborhood’s favorite eateries and watering holes for viewing sports, celebrating holidays or attending special events.
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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