West Hollywood Bar with Patio, DJ & Entertainment - Prime Boulevard!

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

1,400

Lease Expiration

30/09/2027

Employees

9

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The 1,400 square foot venue leases for $10,030 per month plus an additional $767 in common area maintenance (CAM) expenses on a lease until September 2027 with a 5-year option. All of the business’s furniture, fixtures, equipment, Type 47 Liquor License, goodwill and permitting will be included in the sale. An estimated $5,000 inventory will be sold at cost at close in addition to purchase price.

Competition

This venue is located in the heart Santa Monica boulevard entertainment area. As such, fierce competition exists but there is also a built-in street visibility to all area revelers.

Growth & Expansion

New management can maintain the current concept, which has proven successful, or capitalize on the venue’s location, patio and entitlements to launch a new concept. Expanding event offerings, such as themed nights or increased entertainment or menu offerings, may attract in new customers and bolster their existing loyal client base.

Financing

Seller may consider a small, secured carry to faciliate an SBA loan, depending on buy

Support & Training

Seller will train for 2 hours at 20 hours per week or as negotiated.

Reason for Selling

Personal