Restaurant/Cocktail Bar/Hookah.
| Asking Price: | $200,000 |
| Established Year: | 2005 |
| Gross Revenue: | $840,000 |
Located in famous NoHo Arts District that is the center of entertainment in LA. Established 18 years, 3years with present owner. Building size is 2,100 SF, completely remodeled and upgraded with a modern touch. Has a fully equipped kitchen with a hood, six burner stove w/grill and an underneath refrigerator, 3 commercial refrigerators, 2 commercial freezers, 3 beverage refrigerators, 3 POS systems, and 6 hand POS, ice machine, pizza oven, 3 prep refrigerated tables, washer/dryer, two 200 degree dishwashers, a 20 pound dough mixer, fryer, deli slicer, Panini press, food warmer, espresso machine, 13 TV screens, complete surround sounds indoors / outdoors, 27 cameras w/DVR, and more. Has 2 bars, keg room with 12 beers, storage area inside and out, 3 bathrooms, and a capacity for 100 patrons inside and 12 in the patio outside. Rent is $11,000/MO, 3 years left on the lease plus 5 options. Business is 100% help run by 12 employees and a payroll of $17,600/MO. The gross annual sales are $840,000, and the net income is $152,600. Business has all licenses to run a successful business; a type 47 liquor license, entertainment license, dancing license, as well as a tobacco license for the hookah. Serves; liquors, hookah, appetizers, tacos & burritos, burgers, sandwiches, pastas, salads and pizzas. Business hours are Monday 5: 00- 10:00, Tuesday 10:00-12:00, Friday and Saturday 10:00-:1:00, and Sunday 10:00-12:00.The venue offers entertainment on Friday, Saturday and Sunday; jazz night, burlesque, live band and DJ. Seller doesn’t do any marketing. New experienced operator can expand the business by advertising, getting active on social media, opening for breakfast, promoting karaoke, Latin, Greek nights, belly dancer etc. A stand-up comedy program would be a good addition as well. This is a desirable destination that is favorite among locals and neighboring communities for its tasty food, friendly staff, and easy parking. This opportunity with all the great amenities has a great potential to grow beyond any investor imagination. Seller is retiring.
