Jun 23, 2017 — This well-established North Hollywood restaurant and bar with liquor is ideally located in a high traffic location that boasts excellent street frontage, freeway access and an onsite parking lot. The business, which has been in the owner’s family for decades, is an area icon. The property can be modified to accommodate several food or lounge concepts and does not have a conditional use permit!
This sale comes with the 6,340 square foot property on a 6,100 square foot with parking for 4-5 vehicles (non-valet style), a Type 47 Liquor License with no known restrictions, and a lovely build-out. The property has a private manager’s office, a wine / liquor room and a large chef friendly kitchen.
While North Hollywood is a popular dining and entertainment destination, this venue does not face direct competition with its existing concept and has limited competition in its general dining category and bar offering. This business’s longevity coupled with its splendor, history, build-out and superior location provide it a long term sustainable competitive advantage.
Given that the property is being included in the sale and does not have a condition use permit a buyer may wish to take this opportunity in any number of directions. They may prefer to carry on the established concept, modernize or otherwise modify this concept, or convert the facility to their own concept.
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