Profitable Night Club/Lounge on the Iconic Sunset Strip
Business Description
This Night Club/Lounge has a full service kitchen for a restaurant
ABC 47 - CUP with live entertainment till 2am daily
Gross Sales Revenue : $1,025,000.00
Net Sales Revenue: $ 395,000.00
Strong Gross margins
The Pre Tax net sales revenue represents a 38.5% profit margin. (huge!)
Although this business opened recently, it is profitable with an absentee owner.
The club is located at the center of the iconic clubs row that make the Sunset Strip with its prime location on the Sunset Strip - a legendary 1.6 mile stretch of Sunset Boulevard in West Hollywood - that serves as a premier entertainment hub with a rich history of live music and celebrity culture.
Neighborhood tenants include The House on Sunset, The Roxy Theatre, The Sunset House, The West Hollywood Edition, The London, The SOHO HOUSE, The Rainbow, Whisky A Go Go,The Back Room, The Viper Room, etc.
This cozy, intimate lounge offers a luxurious environment with sophisticated lighting, private booths, comfortable seating, DJ booth, room to dance
RENT: Great rent rate for the area @ approximately $15,500 per month including the base rent and the NNN
LEASE: Assignment of the current lease with its option or New Lease at the same rate as now for a qualified tenant.
EMPLOYEES: 9 employees all part-time
This cozy, intimate lounge offers a luxurious environment with sophisticated lighting, private booths, comfortable seating, DJ booth, room to dance
THIS BUSINESS SALE INCLUDES:
ABC 47 7am -2am DAILY (Weho)
CUP allows for LIVE entertainment
The Lease or New Lease at same rate
The leasehold improvements ($500,000+)
All the Equipment including
the ABC 47
Its CUP w Live entertainment
kitchen equipment
a sophisticated DJ Table
Sophisticated Sound System w 4 Sub roofer Double 15
Sophisticated Lighting System
All social media accounts
Suppliers’ List
Promoters’ list
Clients’ List
Employees’ List
Security System with 7 camera + 7 viewing screens
POS System
ABC 47 - CUP with live entertainment till 2am daily
Gross Sales Revenue : $1,025,000.00
Net Sales Revenue: $ 395,000.00
Strong Gross margins
The Pre Tax net sales revenue represents a 38.5% profit margin. (huge!)
Although this business opened recently, it is profitable with an absentee owner.
The club is located at the center of the iconic clubs row that make the Sunset Strip with its prime location on the Sunset Strip - a legendary 1.6 mile stretch of Sunset Boulevard in West Hollywood - that serves as a premier entertainment hub with a rich history of live music and celebrity culture.
Neighborhood tenants include The House on Sunset, The Roxy Theatre, The Sunset House, The West Hollywood Edition, The London, The SOHO HOUSE, The Rainbow, Whisky A Go Go,The Back Room, The Viper Room, etc.
This cozy, intimate lounge offers a luxurious environment with sophisticated lighting, private booths, comfortable seating, DJ booth, room to dance
RENT: Great rent rate for the area @ approximately $15,500 per month including the base rent and the NNN
LEASE: Assignment of the current lease with its option or New Lease at the same rate as now for a qualified tenant.
EMPLOYEES: 9 employees all part-time
This cozy, intimate lounge offers a luxurious environment with sophisticated lighting, private booths, comfortable seating, DJ booth, room to dance
THIS BUSINESS SALE INCLUDES:
ABC 47 7am -2am DAILY (Weho)
CUP allows for LIVE entertainment
The Lease or New Lease at same rate
The leasehold improvements ($500,000+)
All the Equipment including
the ABC 47
Its CUP w Live entertainment
kitchen equipment
a sophisticated DJ Table
Sophisticated Sound System w 4 Sub roofer Double 15
Sophisticated Lighting System
All social media accounts
Suppliers’ List
Promoters’ list
Clients’ List
Employees’ List
Security System with 7 camera + 7 viewing screens
POS System
About the Business
- Years in Operation
- 2
- Employees
- 9 Part-time
- Facilities & Assets
- 1,650 SF
Turnkey Totally built from zero in 2023, no expenses spared, luxurious and cozy
Main room with Stage with DJ booth - Large enough to accommodate a small band
Bar,
Room to dance
Private Booths
Sophisticated Lighting
Sophisticated Top of the line sound system -- amplified Sound System, void speakers for DJ booth & 4 Sub-roofer Double 15
Occupancy about 80-100 people
Fully Equipped Kitchen
10 ft hood,
Grease Interceptor
Small office
2 ADA bathrooms
Large Parking Lot behind - Opportunities for Growth
- yes - currently opened 3 nights a week (sometimes 2 nights per week only)
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,650
- Rent
- $14,500.00 per month
About the Sale
- Seller Motivation
- Absentee Owner
- Transition Support
- Yes
Listing Info
- ID
- 2417682
- Listing Views
- 1075
Listing ID: 2417682 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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