>Asking Price: $1,800,000 >Location: West Hollywood,CA >Employees: 30 >Established: 2024 >Monthly Revenue: ~$120,000 (current)>Net Income: call>Projected Net Income: $2.4M-$2.5M annually
OVERVIEW:
Rare opportunity to acquire a LUXURY RESTAURANT, LOUNGE, and FULL LIQUOR BAR in the heart of west Hollywood, one of Los Angeles' most influential dining and nightlife neighborhoods.
This stunning 6,000 sq.ft. VENUE OFFERS SEATING FOR CLOSE TO 200 GUESTS w/VALET PARKING and features a $2.5M+CUSTOM BUILD-OUT. The owner spared no expense-from STATE-OF-THE-ART KITCHEN EQUIPMENT TO LUXURY FINISHES THROUGHOUT, even the restrooms were designed with GOLD FIXTURES for a truly high-end guest experience. Currently generating ~ $120,000 in monthly revenue, the business is operating at break-even but is positioned like a HOSPITALITY "FIXER-UPPER" - the foundation is strong, and the upside is massive for the right operator who can see the vision of success.
KEY FEATURES:
>$2.5M+INVESTED in construction, equipment, and luxury finishes. >6,000 sq.ft. VENUE W/200 seat capacity. >FULL LIQUOR BAR with premium cocktails; program and elegant presentation. >VALET PARKING for guests. >ENTERTAINMENT LICENSE IN PROCESS-live music and events will create a major nightlife draw. >EXPANDED HOURS PLANNED-currently 5pm-11pm; expansion to breakfast & lunch (8am-5pm) projected to add $250,000+monthly. >HOOKAH SERVICE APPROVED-expected to add another $70,000 monthly. >PRIME WEST HOLLYWOOD LOCATION-internationally known for dining, nightlife, and celebrity appeal.
FINANCIAL POTENTIAL:
>Currently Monthly Revenue: $120,000. >Projected Monthly Revenue (w/expansion): $520,000-$530,000. >Projected Net Profit: $220,000 per month. >Annual Net Income Potential: $2.4M-$2.5M. >Future Valuation $6M-6.5M
DEAL STRUCTURE:
>Asking$1.8M >Flexible terms available: seller open to Partial upfront payment w/balance in escrow, released once revenue-expanding initiatives are implemented. >Current owner willing to remain during transition to ensure successful execution of growth plan.
IDEAL BUYER:
Experienced Restaurateurs, Hospitality groups, or Nightlife operators. Investors seeking a rare West Hollywood venue with full liquor license, luxury build-out, and entertainment approval. Entrepreneurs who recognize the value of acquiring a TURNKEY $2.5M BUILD-OUT FOR THE PRICE OF CONSTRUCTION ALONE-WITH MILLIONS IN UPSIDE POTENTIAL. This is more than a restaurant sale- it's a stragtegic hospitality investment. Inquire today for confidential showing. PRINCIBLES ONLY -CASH BUYERS