Description

This east Hollywood area restaurant, bar and entertainment lounge occupies a prime location in one of Los Angeles’s most desirable locations. The extraordinarily versatile premise boasts plenty of kitchen space, 2 walk-in coolers, 2 bars, live entertainment and cabaret permits, an exquisite indoor outdoor patio as well as onsite parking. It is one of the most sought after areas of the city.

This 11,000 (approx.) square foot restaurant and bar leases for $32,000 per month on a lease with several 5 year options remaining that provide coverage to 2034. The lease comes with a 20 plus space parking lot that is exclusive to the venue after 6 pm, plus nearby valet lots. All of the business's furniture, fixtures, equipment, entertainment permit and Type 47 Liquor License will be included in the sale. Approximately $90,000 in liquor and other inventory will be sold at cost at close in addition to the purchase price.

Due to this venue’s unique entertainment entitlements, versatile indoor and outdoor layout, size and occupancy, spacious kitchen and onsite parking lot, few Los Angeles venues can compete with this opportunity’s attributes.

New operators may seek to take this opportunity in any number of directions, or simply maintain the successful venue’s concept.

Posted Oct 31, 2016

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