Rooftop Lounge Event Space with Large Patio with 47 Liquor License
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PREMIER K-TOWN ROOFTOP LOUNGE ASSET SALE
Turnkey opportunity to acquire the assets of Apartment 503, a legendary Koreatown rooftop venue operating since 2015. This asset sale includes all equipment, fixtures, and the coveted Type 47 full liquor license.
KEY ASSETS INCLUDED:
• Type 47 full liquor license - essential for full-service beverage operations
• Professional commercial kitchen with commercial oven and high-capacity ventilation
• Expansive rooftop patio with panoramic LA skyline views
• Dual bar stations with 3 full-service bars plus permitted patio bar
• Two full-size walk-in coolers for high-volume operations
• Professional house-wide sound system with integrated audio/visual capabilities
• Dedicated parking structure - rare competitive advantage in Koreatown
• Complete apartment-style décor and fixtures
LOCATION ADVANTAGES:
Prime 5th floor Wilshire Boulevard location in the heart of Koreatown's entertainment district. The venue benefits from below-market rent with favorable lease terms and strong landlord relationship providing stability for new ownership.
OPERATIONAL CAPACITY:
Versatile layout accommodates events from intimate 50-person gatherings to large 500-person buyouts. Seamless indoor-outdoor flow maximizes year-round event potential.
DIGITAL ASSETS:
Includes established social media presence and brand identity built over 10 years, providing immediate marketing reach and access to curated client lists.
BUILD-OUT VALUE:
Extensive infrastructure represents $350,000+ in current replacement value, offering immediate operational capability for nightlife, dining, or event concepts.
OWNER SUPPORT:
Seller provides 2 weeks of training to ensure smooth transition.
This asset sale represents a rare opportunity to acquire a complete, turnkey hospitality operation in one of LA's most vibrant entertainment districts.
Turnkey opportunity to acquire the assets of Apartment 503, a legendary Koreatown rooftop venue operating since 2015. This asset sale includes all equipment, fixtures, and the coveted Type 47 full liquor license.
KEY ASSETS INCLUDED:
• Type 47 full liquor license - essential for full-service beverage operations
• Professional commercial kitchen with commercial oven and high-capacity ventilation
• Expansive rooftop patio with panoramic LA skyline views
• Dual bar stations with 3 full-service bars plus permitted patio bar
• Two full-size walk-in coolers for high-volume operations
• Professional house-wide sound system with integrated audio/visual capabilities
• Dedicated parking structure - rare competitive advantage in Koreatown
• Complete apartment-style décor and fixtures
LOCATION ADVANTAGES:
Prime 5th floor Wilshire Boulevard location in the heart of Koreatown's entertainment district. The venue benefits from below-market rent with favorable lease terms and strong landlord relationship providing stability for new ownership.
OPERATIONAL CAPACITY:
Versatile layout accommodates events from intimate 50-person gatherings to large 500-person buyouts. Seamless indoor-outdoor flow maximizes year-round event potential.
DIGITAL ASSETS:
Includes established social media presence and brand identity built over 10 years, providing immediate marketing reach and access to curated client lists.
BUILD-OUT VALUE:
Extensive infrastructure represents $350,000+ in current replacement value, offering immediate operational capability for nightlife, dining, or event concepts.
OWNER SUPPORT:
Seller provides 2 weeks of training to ensure smooth transition.
This asset sale represents a rare opportunity to acquire a complete, turnkey hospitality operation in one of LA's most vibrant entertainment districts.
Detailed Information
- Years in Operation
- 10
- Facilities & Assets
- -turn-key operation
-47 alcohol license
-full kitchen facility
-2 functioning bars
-below market rent
-sound system already in place
-proprietary digital assets and marketing reach can be included (on-line presence, brand recognition and marketing reach) for additional costs
-2 full size walk-in coolers
-deep fryer, low boy fridge ration, 6 range stove top, commercial grade oven, 2 back bar fridges
About the Sale
- Transition Support
- 2 weeks of training
- Seller Motivation
- retirement
Listing Info
- ID
- 2452874
- Listing Views
Listing ID: 2452874 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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