Dec 3, 2018 — These 2 highly profitable bar, lounge and restaurant opportunities are conveniently located adjacent to one another in a high traffic location. While customers enter each venue separately on the exterior they are connected via an interior hallway. Each location boasts its own concept and is independently profitable. The locations benefit from a combination of the daily lunch and happy hour crowds comprised of downtown’s professionals, artists, students and residents, as well as evening revelers.
The venues occupy 5,400 total square feet that lease for $20,000 and expire in 2020 and 2021, with a 10 and a 5 year option respectively. Approximately $20,000 in liquor inventory will be sold at cost at close. All of the business's furniture, fixtures, equipment, goodwill and Type 47 & 48 Liquor Licenses will be included.
While there are several competing bar and entertainment venues in the Greater Los Angeles area, these venues operations differ from one another, yet their adjacent locations provide them potential economies of scale in terms of management and operational efficiencies that create a unique and sustainable competitive advantage. This reduces risk as each venue has its own character, personality, loyal target client base and peak hours of operation.
New operators will likely capitalize on these established venues’ proven track record, profitability and best practices to continue to build upon each one’s success via the opening of new locations or brand extensions throughout the Los Angeles area.
Training: 2 Weeks at 20 hrs/wk
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