Hot Listing

Upscale Speakeasy Style Whiskey and Tapas Lounge

Asking Price$149,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$250,000

Inventory$10,000
Not included in asking price
FF&E$50,000
Included in asking price
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Hot Listing

Upscale Speakeasy Style Whiskey and Tapas Lounge


Asking Price$149,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$250,000

Inventory$10,000
Not included in asking price
FF&E$50,000
Included in asking price
Business Description
Live the dream in the dtLA Financial District!
Blocks from the Crypto Center nestled in the O Hotel & Spa and next door to the Wayfarer Hotel.

Completely built out and established TURNKEY tapas lounge.
Take over the current concept of fusion tapas and smoked whiskey cocktails or bring your own!
The perfect affordable entry for any chef or mixologist...

The lease currently has 4 years left WITH an additional two 5 year options which includes a full 47 liquor license and is allowable to open until 2am 7 days a week.
About the Business
Years in Operation
1
Employees
8 (8 Part-time)
Website
https://whiskeystiletto.com
Market Outlook / Competition
Due to the owner's schedule in the entertainment industry, the lounge is only open from 8pm until close. We are the only full service restaurant with a late night kitchen, so food sales are comparable to drink sales. In addition, most of the bar competition closes early during the week so there is an established late night industry crowd during the weekdays.
Opportunities for Growth
Opening earlier for the surrounding businesses would be optimal and a well run happy hour could easily increase sales 30-40%. Previous tenants to this property had success in lunches and particularly weekend brunches.

Most notably, this establishment has NO SOCIAL MEDIA MARKETING (it was originally intended to be a private club for entertainment staff)... sales and only 4 and 5 star reviews on Google and Yelp are 100% derived from word of mouth, locals, hotel guests and conventions and concerts. ANY social media could easily double the customer base!
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,700
Rent
$7,600.00 per month
Lease Expiration
11/1/2039
About the Sale
Seller Motivation
Commitments to other industries.
Transition Support
1 week full training.
Financing Options
Proof of cash required before viewing.
Listing Info
ID
2445052
Listing Views
136
Business Location

Contact Seller

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Business Listed by: Glenn

Listing ID: 2445052 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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