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Listing View: Sunset Bvld Restaurant & Lounge with Full Liquor – Property Included! - West Hollywood, California


Sunset Bvld Restaurant & Lounge With Full Liquor – Property Included!
West Hollywood, California

Offered at:
$4,500,000
Real Estate Included

Office Listing #   Palace
Revenue: $1,420,000 / year
Cash Flow: $480,000 / year
Lease Rent: Contact For Info
Square Feet: 5000

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 Listing Description

This 5,000 sq. ft. restaurant and lounge, sits on a 6,000 sq. ft. parcel on Sunset between La Cienega and La Brea, in the thick of the West Hollywood and Hollywood restaurant and nightlife scene. The highly unique facility has a versatile interior that could be applied to a full-restaurant, a lounge-only oriented venue (thought there is a food requirement), or a first-class restaurant and lounge. The facility has had plans drawn for modifications which include a patio, several bars, etc. While the restaurant is highly successfully for some time, the highest and best use for such a property in this type of location would dictate a very high average ticket sale per customer, or conversely, a very high volume daytime and nighttime venue. This property and restaurant sale comes with a full liquor license with no restrictions. The facility offers two customer restrooms, as well as an employee rest room, a manager office, a walk-in cooler and freezer and a private office with a separate entrance. While the facility does not boast a parking lot, there are a number of lots available for valet parking or alternate customer parking in the immediate vicinity. This location has become synonymous with fine dining, drinking and entertainment in a unique atmosphere. While the greater Hollywood / West Hollywood area has no shortage of such venue, this restaurant has carved out a unique market niche that affords it little to no direct competition. There are many options for growth, depending on the vision of the buyer. Any buyer will seek to capitalize on this unique structure, and the properties’ established concept, however, they will definitely seek to ‘take it to the next level’.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   1974
Current Owner:   1974
# of Employees:   10 FT 20 PT
Square Foot/Size:   5000
Parking:   Street & Valet
License(s) Required:   Contact For Info
Reason For Sale:   Retirement
     
Financial Information
Revenue:   $1,420,000 / year
Cash Flow:   $480,000 / year
Payroll:   Contact For Info
Listed by:   R Clark
 The Veld Group
Phone:  (310) 652-8353
Website:  www.theveldgroup.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
      Confidential Statement: Download


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Disclaimer
The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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