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Prime Hollywood Nightclub & Restaurant

Los Angeles, CA
Asking Price:$2,500,000
Gross Revenue:$3,200,000
Established Year:1942
Cash Flow:$500,000
Rent:$19,500/Month
Listing ID: 2294209Listing provided by BizBuySell
BUSINESS DESCRIPTION

Restaurant & Bar with Live Entertainment & Dancing

Located in the Heart of Hollywood on a discreet side street just off Hollywood Blvd is one of Hollywood's oldest and longest running neighborhood bar, restaurant and nightclub with Live Entertainment and Dancing 7 days a week! Great staff, great customers! Tremendous history, including, as a location for dozens of tv and film shoots bringing in added income yearly.

DETAILED INFORMATION
Location
Los Angeles, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
7,500
Lease Expiration
01/01/2031
Employees
30
Facilities
All FF&E, Liquor and food Inventory, CUB, ABC License
Competition
The location is a well known name. The events that are held weekly at the location have been solid and consistent for 10 to over 20yrs. The history of the venue itself makes it popular. This location has even greater potential with the right seasoned, experienced future owner to take the business to the next level.
Growth & Expansion
Great potential with the business: Restaurant and bar is a gem and should consider opening during day. The nightclub, while it hosts successful events weekly, has even greater potential for more business. Additional income source potential would be merchandise. As well as marketing to location scouts and event planners for even more tv and filming opportunities as well as weddings, wrap parties and holiday parties for local businesses.
Support & Training
Staff has been at location for decades, solid, knowledgeable employees. Owner willing to stay on to consult for 6months
Reason for Selling
Another opportunity out of state
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Tricia LaBelle
Phone Number
Tricia LaBelle
Call Phone