Hollywood Blvd Bar / Restaurant

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $650,000
Cash flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: Not Disclosed
Inventory: Not Disclosed
FF&E Not Disclosed
Real Estate: Not Disclosed

Business Details

This quaint restaurant and bar is located in the heart of Hollywood has an elegant setting with a well planned design creating ambiance while dining. The assets include a well ventilated cooking area and new refrigeration and cooking appliances. It boasts a convenient beer and wine cooler as well. The restaurant is surrounded by highly complementary businesses that add well to the lunchtime and weekend traffic. With over $500,000 spent on remodeling, the restaurant has outdoor seating, a portable outdoor bar as well as intimate interior seating areas and an attractively designed quaint interior bar. Some of the design highlights include brick walls, high ceilings, wood floors, and a large glass frontage on Hollywood Blvd. With virtually no promotion this location grosses on average between $60-90K per month.

Facilities:
The facility occupies 1,400 square feet inside with a smaller private, and a shared 6,000 square foot courtyard patio (can use on occassion after 7:00 PM) for dining, private parties and entertainment. It has a brand new #47 Liquor License and is open until 2:00 AM nightly with afterhours seating until 4:00 AM on Friday and Saturday, 3:00 AM on weekdays. Rent is rouhgly $4,000/mo $400 CAM on 3 yr lease with a 3 yr option (landlord may consider more). The occupancy is 89 inside and 89 outside, but it can host more on the shared patio.

Financing:
Not Offered

Support:
As needed

Competition:
Hollywood is a highly competitive market. This restaurant/bar, however, is considered well established and has a top notch location that is soon to be Hollywood's hottest spot.

Growth:
There is a great deal of growth potential depending on the new owner s promotional ability. This owner has not done any promotion

General Information

Reason Selling: Moving out of the country

Number of Employees:
Year Established: 2004