Description

This historic greater Los Angeles Area / S. California concert venue, events center and nightclub boasts a full kitchen and all of licenses and permits required for it to offer live entertainment, dancing and special events. From 21+ to all ages with full liquor. The 11,000 plus square foot venue offers 4 convenient bars, and has a legal occupancy for 1,000 patrons (although it can comfortably accommodate 1,300. It is being offered at an unbelievable price!

This nightclub leases for $24,000 gross per month ($21k net of $3k sublease) with $1,000 annual increases every 5 years on a new 15 year lease! All of the business's furniture, fixtures, Huge Production equipment and Type 47 Liquor License, Type 77 Event Permit and Type 58 Catering Permit will be included in the sale – all valued at approximately $700,000. Approximately $10,000 in alcohol inventory will be sold at cost at close.

While competition exists on different levels, ranging from large mega concert halls to smaller theaters and dance venues, few can match this legendary facilities’ history, location, hybrid use and other entertainment options, as well as the intimate atmosphere that it provides.

New operators may wish to take this opportunity in any number of directions, as they could continue to operate “as is”, or they can focus on the concert, sporting event or special event business that can be hosted from it. This venue has a separate smaller room within it, that has its own stage / D.J. booth, bar and dance floor that may be further promoted and developed.

Posted Aug 26, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.