Description of Business

An opportunity like this one is a rare occurrence a highly profitable West Hollywood / Hollywood Area concept restaurant in a prime location, with a full liquor license and property. The restaurant has excellent street visibility and is walking distance to other evening entertainment venues. As such, this opportunity should appeal to the experienced restaurateur, the novice investor seeking a segue into the restaurant industry, or the Hollywood Entertainment company seeking a marquee venue to place their nameplate on and convert into a truly unique hybrid restaurant and lounge concept. The 5,000 square foot structure has a 160 plus person occupancy (it could currently comfortably seat nearly 200) and is ideally located on one of the most sought after Hollywood / West Hollywood streets. Serious inquiries only. This business will only be sold simultaneously with the Real Estate. NDAs will require indication of ability to purchase. This opportunity is not available for co-broker at this time; kindly refrain from calls. Ref SunRest

Property Information:

This one of a kind sale comes with the 5,000 square foot building, an unrestricted liquor license, a large fully-equipped kitchen, a manager s office, separate liquor and wine storage rooms, a large walk-in refrigerator and a separate walk in freezer. The facility offers customers valet and limousine parking, street parking, and has a lease with a nearby parking structure.

Competition and Growth Potential:

New management will likely seek to capitalize on the business s incredible location, unique atmosphere, and unrestricted liquor license by offering an after dinner type of lounge atmosphere. Alternately, a new buyer may seek to also promote the venue as a lunch destination as well, or convert a portion of the massive dining area to a high-end concept oriented bar with a lounge, and potentially live entertainment.

Support and Training:

Owner will train for 2 weeks at 20 hrs/wk. Management staff will stay at venue.

Seller Details:

Ryan Clark
310.652.8353

The Veld Group

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