Studio City Area Gastropub – Gorgeous Buildout w/No Expense Spared!

Studio City Area Gastropub – Gorgeous Buildout w/No Expense Spared!

Studio City AREA, CA


Asking 
$450,000
Gross Revenue 
$1,200,000

This Studio City Area Gastropub boasts a well-appointed, no-expense sparred buildout what has culminated in a gorgeous, highly versatile, first-class dining, bar and entertainment venue. The facility maintains 4.5 star Yelp reviews as a customer service orientation and the utmost attention to detail has going into the training, the menu and back of house operations, and the striking build-out.

Inventory 
5000

Accounts Receivable Included in Asking
No

Facilities

This 2,875 square foot (plus outdoor area) venue leases for $9,200 per month including triple net (NNN) expenses, on a lease until 3/31/25 with two 5-year options. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale, with a new conditional use permit (CUP) that provides for alcohol service from 10 am to 2 am. An estimated $5,000 in inventory will be sold at cost at close.


Competition

Due to this market’s highly popular location, competition naturally exists. With that said, this venue clearly stands out among the local competition as well as that in the neighboring Burbank, North Hollywood, Studio City and Sherman Oaks communities.


Growth & Expansion

New management may capitalize on this venue’s popular location, liquor license and versatile layout and branding to carry the well-thought-out concept forward, adopt to an existing concept or to introduce a new one. As revenue and expense controls are an integral part of any hospitality operation, the business would likely benefit from an experienced bar operator or onsite working owner.


Support & Training

As negotiated


Reason for Selling

Personal


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