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Miracle-Mile Area Bar with Live Music, Entertainment & Dance – Priced to Sell!
Los Angeles, California

Asking Price


Office Listing #

Revenue $1,500,000 / year Lease Rent $16,000 / month
Cash Flow Contact For Info Square Feet 10000
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This Miracle Mile area bar with live music, entertainment and dance permitted is priced for a timely sale. The venue has a Type 48 Liquor License so no food service is required, although it does have a kitchen with a 6 foot hood and adjacent restaurants with extensive kitchens. The bar and entertainment venue has main street visibility and excellent access to Hollywood, West Hollywood, Beverly Hills, Koreatown and Downtown Los Angeles. While the venue has a large onsite parking lot included in its lease, it also has convenient bus and metro service. This 10,000 square foot venue (approx.) leases for $16,000 per month base rent plus roughly $3,333 per month in triple net (NNN) expenses on a secure lease with new terms and option periods to be negotiated. All of the business's furniture, fixtures, equipment, liquor license and entitlements/permits will be included in the sale. Approx. $10,000 in inventory will be sold at cost at close in addition to the sale price. As there is a limited number of large venues permitted for live entertainment and disc jockey driven amplified music and dance, this opportunity does note face a great deal of competition in its immediate vicinity. New management may wish to take this opportunity in any number of directions. They may want to maintain the operation with its current concept or they may prefer to implement a high-end or an otherwise themed nightclub concept, launch a live entertainment venue or any number of additional possibilities that it could thrive as. 2 Weeks at 20 hrs/wk


General Information

Organization Sole Proprietorship
Year Established 2006
Current Owners 2006
Employees Contact For Info
Operating Hours Contact For Info
Reason For Sale Personal


Seating Contact For Info
Square Feet 10000
Parking Contact For Info
Licenses 48 Liquor License


Revenue $1,500,000 / year
Cash Flow Contact For Info
Payroll Contact For Info
Inventory Contact For Info
FF & E $50000


Lease $16,000 / month  
Expiration Not Available  
Yearly Adjustment Not Available  
Option Not Available  
Deposit Not Available  


Down Payment Contact For Info  
All Cash Contact For Info  
Note Balance Contact For Info  
Term of Note Contact For Info  
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Listing Contact

Ryan Clark
phone: 3106528353
R Clark
The Veld Group
phone: (310) 652-8353

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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Restaurants For Sale Online, LLC has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness. Read the disclaimer before responding to any ad.

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