North Hollywood Bar W/customer Embraced Concept– Enthusiasts’ Favorite!

Real Estate

Lease

Leasehold Rent

$216,000 per annum

Premises Details

This 5,100 square foot location leases for $18k – $20k per month, on a lease until 2028 with one 5-year option. Though the name and concept will not transfer in the sale, the business’s furniture, fixtures, equipment, and Type 41 Beer and Wine license will be included. An estimated $10k in inventory will be sold at its cost at close in addition to purchase price.

Support & Training

Seller will train for 1 week at 20hrs or as negotiated

Expansion Potential

The venue, which is part of a chain, offer the onsite working owner-operator a fantastic opportunity to implement their concept in a prime high visibility location for a fraction of what it would cost to build-out out themselves and obtain the beer and wine entitlement. The versatile venue lends itself to a wide range of concepts.

Size In Square Feet

5,100

Competition / Market

The surrounding area features a mix of bars, restaurants, and entertainment venues – with each leaning into their unique attributes and alluring atmospheres for differentiation. This creates an entertainment district that attracts a broad range of revelers that can capitalize on the variety of available offerings.

Inventory / Stock Value

$10,000

Reason for Selling

Personal