Dining Music & Bar In Beverly Grove/West Hollywood
Dear Thank you for your interest in Florence restaurant and Piano Bar we have for sale, asking price is $699,000 including all licenses and permits. Introduction: Insert yourself in the global dining conversation along with some of the world’s most famous restaurants. 8265 Beverly Blvd. in the Beverly Grove area of Los Angeles rubs shoulders with West Hollywood to the West and North and Beverly Hills to the West and South sharing a luxury, experiential, culturally rich dining public in a market that simply put, exemplifies money and visibility. The Florence facility offers a Michelin-level kitchen and a dining room experience designed for casual elegance with its retractable patio roof allowing dining under and with the stars. 8265 Beverly Blvd. provides a talented operator or hospitality group to leverage itself selling casual luxury dining. Description: This restaurant was fully remodeled in 2024 totaling 4,814sf and features a beautiful bar and cocktail area and a main dining room that flows into a huge transformative climate controlled garden patio with an electrically controlled retractable roof. Special elements include an elegant floor to ceiling glass temperature-controlled wine room viewable from the dining room and an impressive sound system throughout. Florence features newer top of the line FF&E throughout and an extensive list is included. The décor is tastefully done and can be easily transformed into any number of dining and nightlife concepts. Facility: The restaurant has a large Michelin-level production kitchen with a 30’ long hood, wood burning oven, comes fully equipped with state of the art top line FF&E, secure and dry storage, multiple prep, cold, and desert stations, large walk-in and can handle just about any concept including private events and parties. I've attached a detailed package with pictures and videos of FOH and BOH. Location: This trophy class restaurant and Lounge that stands as a rich integral part of West Los Angeles for its irreplaceable positioning and location showcasing some of the areas most beloved restaurants including Alba, Jar, KOI, AOC, Nobu, and Nice Guy. The Beverly Grove Customer - Dining intent/Customer Mix: Highlights & Features: o Increases: 3% Annual o Option Periods: 2 x 5 Yrs. each @ FMV w/ min. 5% vs.15% max in Adj Yr. 3% annual thereafter Let me know if you'd like to tour the restaurant to see if its the right fit for you, my cell # or email is the easiest way to reach me.
Location
High Income area adjacen t to Beverly Hills and West Hollywood, CA
Employees
20
Real Estate
Lease
Management Type
This business is owner operated.
Premises Details
8265 Beverly Blvd. provides a talented operator or hospitality group to leverage itself selling casual luxury dining. Beverly Grove possesses high-income, experience-driven diners who seek authenticity This location enjoys: status dining, design + ambiance, and presence Promotes Michelin-level positioning, which highly appeals to and translates well to the area’s customer 8265 Beverly Blvd is 5 – 10 min from Beverly Hills, West Hollywood but draws customers from both areas.
Years Established
1
Expansion Potential
Rebranding to another concept under a buyers portfolio, menu entree prices, while reasonable are about 18-20% lower than the the surrounding area who is willing to pay a premium for a premium experience. Leverage the rare Live Music permits and outdoor patio with retractible roof to provide a experience.
Size In Square Feet
4,816
Competition / Market
The Beverly Grove Customer - Dining intent/Customer Mix Beverly Grove diners prioritize Quality & Authenticity, Ambiance, and a willingness for high spend influenced by reputation; Beverly Grove diners thrive and are attracted to High Theater experiences which can also be high margin opportunities allowing you to capitalize on its specialties of Signature dish options; Beverly Hills / Beverly Grove diners become repeat customers through strong “must-order items” and presentation; If your brand places a heavy emphasis on presentation, technique, and storytelling, then this is the venue to do it Proximity to West Hollywood, Beverly Hills, media + entertainment offices Unlocking Business dinners, client entertainment, high-ticket group dining Menu Pricing Acceptance The Beverly Grove customer can justify fine-dining pricing ($80–$150+ per person); BUT it doesn’t have to in order to be successful. There is ample evidence of a number of restaurants that are not chef driven or Michelin Star restaurants in both Beverly Grove and Beverly Hills having an avg. guest check of less than ($80–$150+ per person) The Beverly Grove customer allows for a massive upgrade in check average potential with an active cocktail and wine program providing an operator to monetize every seat. 8965 Beverly features a lively bar in front yet an elegant glass temperature controlled wine room visible from the dining room; Despite the above fine dining pricing, Westside diners will tolerate $120–$200+ per person with a good wine and cocktail program.
Inventory / Stock Value
$75,000
Reason for Selling
Focus on other restaurants where Italian concept is better suited
Financials
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