This established bar, lounge and restaurant hospitality group boasts 4 dominant locations in what many deem to be Los Angeles’s most sought after area. All 4 venues are conveniently located near one another, providing efficiency in management in shared resources. Each boasts its own unique concept that is able to flourish on a stand-alone basis. All of the locations benefit from a unique combination of the daily lunch and happy hour crowds, as well as neighborhood residents comprised of professionals, artists and students. Due to the popularity of their area, they are also able to attract evening revelers who not only reside in the immediate area, but who frequently visit since they can explore several complementary nightlife and entertainment venues.

The venues occupy nearly 9,000 of combined square footage. Each lease is secure and has 5-10 years of additional coverage provided. All of each location’s approximate $10,000 in liquor inventory will be sold at cost at close in addition to asking price. All of the business's furniture, fixtures, equipment, and Type 47 and Type 48 Liquor Licenses, as will each venue’s tremendous goodwill that includes their well-established names and concepts will be included in the sale.

While there are several competing bar and entertainment venues in the Greater Downtown Los Angeles area, this group’s broad mix of hospitality concepts no only provide it economies of scale in terms of operational efficiencies, but also reduced risks as each venue has its own character, personality and loyal target client base.

New operators will likely capitalize on these established venues’ proven track record, profitability and best practices to continue to build upon the chain’s success via opening new locations or brand extensions throughout the greater Los Angeles area.

Posted Jul 21, 2016

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