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West Hollywood Bar & Grill w/Stellar Street Visibility!

West Hollywood, CA
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Asking Price:$795,000
Established Year:2009
Listing ID: 2156731Listing provided by BizBuySell
ASSET SALES DESCRIPTION

This West Hollywood bar and grill, which has been a been a perennial hot spot for nearly 15 years, boasts stellar street visibility, an ideal outdoor patio, entertainment and its own onsite parking lot. The hotspot is known for its eclectic menu, creative cocktails, lively atmosphere and festive events that range from karaoke nights to all day holiday celebrations. The popular venue caters to a variety of locals and visitors with a balance of globally inspired dishes, comfort food and a fantastic beer and cocktail selection.

The business has a $550k EIDL loan that may potentially be assumed by a buyer in lieu of seller financing.

DETAILED INFORMATION
Location
West Hollywood, CA
Facilities
This 5k square foot venue leases for $25.5k including triple net (NNN) expenses on a new 10 year lease with options to be negotiated. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. As this will be treated as an asset-only sale, the venue’s financials, name, concept, menu, customer lists and social media accounts will not be shared or included. An estimated $5k in inventory will be sold at cost at close in addition to purchase price.
Support & Training
Seller will train for 2 weeks at 20 hours per week or as negotiated.
Reason for Selling
Retirement
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Ryan
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Ryan Clark
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