West Hollywood Bar & Grill
West Hollywood, CA Los Angeles County
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- RE: West Hollywood Bar & Grill
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $795,000 | |
| Annual Revenue: | $12,000 | |
| Net Profit: | $12 | |
| Cash Flow: | $12,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $50,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2009 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 49924929 | |
| Broker Reference #: | MJREST |
Business Overview:
This West Hollywood bar and grill, which has been a been a perennial hot spot for nearly 15 years, boasts stellar street visibility, an ideal outdoor patio, entertainment and its own onsite parking lot. The hotspot is known for its eclectic menu, creative cocktails, lively atmosphere and festive events that range from karaoke nights to all day holiday celebrations. The popular venue caters to a variety of locals and visitors with a balance of globally inspired dishes, comfort food and a fantastic beer and cocktail selection.
The business has a $550k EIDL loan that may potentially be assumed by a buyer in lieu of seller financing. Â
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Property Features and Assets:
This 5,000 square foot venue leases for $25,500 including triple net (NNN) expenses on a new 10 year lease with options to be negotiated. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. As this will be treated as an asset-only sale, the venue’s financials, name, concept, menu, customer lists and social media accounts will not be shared or included. An estimated $5,000 in inventory will be sold at cost at close in addition to purchase price.Market Competition and Expansion:
This iconic West Hollywood institution stands out from the competition with its irresistible blend of a warm, friendly atmosphere, culinary innovation and a lively ambiance comprised of welcoming loyal patrons. The venue’s friendly staff and casual, comfortable atmosphere makes it highly inviting for newcomers that will invariably return for everything from weekend brunch on the patio, to dining with friends or a late night of revelry with the new friends that patrons are likely to make!Reason for Selling:
RetirementAdditional 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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