Description

These 2 highly profitable bar, lounge and restaurant opportunities are conveniently located near one another in a highly sought after Los Angeles location. Each location boasts its own unique concept and is profitable. The locations benefit from a combination of the daily lunch and happy hour crowds comprised of downtown’s professionals, artists, students and residents as well as evening revelers.

The venues occupy 5,400 total square feet that lease for $20,000. The leases have 10 – 14 years of coverage with options. Approximately $20,000 in total liquor inventory will be sold at cost at close in addition to asking price. All of the business's furniture, fixtures, equipment, goodwill and Type 47 and Type 48 Liquor Licenses will be included in the sale.

While there are several competing bar and entertainment venues in this area, these venues operations differ from one another, yet their proximity provides them economies of scale in terms of management and operational efficiencies that create a unique and sustainable competitive advantage. Risk is reduced risks as each venue has its own character, personality, loyal target client base and peak hours of operation.

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

Posted Dec 1, 2016

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