This Woodland Hills Area restaurant and lounge boasts liquor, live entertainment, and a first class build-out with a new bar and tap system, floors, gas lines and electric upgrades. The versatile venue has separate bar, lounge and dining areas that may be partitioned into at least 5 distinct banquet, event or private party spaces. It is permitted for a 4 person amplified band nightly, which could make it an ideal jazz bar, and has an overall occupancy for 140 patrons. The kitchen can accommodate any concept, with two separate hoods and an oversize walk-in cooler and freezer.
This 4,065 square foot restaurant and lounge is in a prime location with excellent freeway access, and complementary dining and entertainment neighbors. The space leases for $20,000 per month, plus $1,000 in common area maintenance (CAM) charges on a lease with 3 years remaining and one 5 year option. All of the business’s furniture, fixtures, equipment and licenses are included in the sale.
This restaurant and lounge is located in a highly coveted market with several high-end and casual dining and entertainment options.
New operators may seek to take this venue in any numbers of directions. As it is currently absentee owned, it could benefit tremendously from a full-time owner operator with a restaurant background. Alternately, it could be an ideal location for an established concept or one that capitalizes on the entertainment licensing.
Asking Price $129,000
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