This highly popular bar and restaurant with liquor and an outdoor patio is located in a coveted area of North Hollywood The facility includes two large walk in coolers (one with an attached walk-in freezer, a large hood and a full line including deep fryers, a grill, griddle, stove, convection oven and additional ovens. The location lends itself to an established operator or brand who seeks a high profile location.
This 4,615 square foot restaurant and bar (including a 431 square foot patio and a 473 square foot mezzanine with storage and a manager’s office) leases for $29,000 per month including approximately $10,000 in triple net (NNN) expenses on a lease that expires in 2018 with one 10 year option. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. The name and concept will not be included. Inventory will be sold at cost at close in addition to purchase price.
While nearby competition exists in the different entertainment areas of North Hollywood, Burbank and Studio City, this venue’s dominant location, versatile build-out and customer demographic set it apart from alternative options.
New operators can capitalize on the sizeable space and dominant location to launch any number of new concepts or to convert the space to an existing concept at a fraction of what it would cost to build a new location out or convert a less suitable one to a thriving bar and restaurant concept.
Training: 1 Week at 10 hrs/wk
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