This highly profitable restaurant and bar with onsite live entertainment offered is an icon in its area – which is one of the most prestigious beach communities north of Santa Monica. The venue, which regularly hosts Hollywood’s who’s who, boasts an idyllic patio, an interior bar, a large open interior with mezzanine seating, a sizable kitchen and convenient onsite parking.
The well-established 23 year old venue has been a community and visitor staple with the area’s elite since opening. The 5,000 square foot premise leases for $37,610 per month on a secure lease that will expire in 2026 with options to be negotiated. The sale includes a Type 47 Liquor License. The venue is permitted to have amplified live entertainment. Approximately $25,000 in beer, wine and liquor inventory will be sold at cost at close in addition to purchase price.
A handful of top quality restaurants certainly exist in the area. Some, like this one, are mainstays whereas others may come and go over time. This restaurant has become part of the community and should remain so for the foreseeable future. Due to its unique location direct competition is limited in this ‘protected’ market.
New operators will likely wish to continue to run the successful venue as it has been for years – after all, why change a good thing? Minor changes may potentially be implemented to bolster or enhance profitability.
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