West Hollywood Luxury Restaurant Impeccable Build-Out w/Rooftop Patio

West Hollywood Luxury Restaurant Impeccable Build-Out w/Rooftop Patio

West Hollywood, CA


Asking 
$2,600,000
Gross Revenue 
$4,784,932
Potential Cash Flow 
$58,000

This West Hollywood restaurant and lounge boasts an impeccable build-out a unique patio and rooftop deck with stellar views. The high-end venue provides its client base a first-class no expense spared service offering with decor to match. The multi-level premise has multiple bars as well as a live entertainment entitlement. It is located on one of the area’s most sought after locations in a corridor known for its luxury retail, service, dining and entertainment options.

Inventory 
50000

Accounts Receivable Included in Asking
No

Facilities

This approximately 5k – 13k square foot premier premise leases for $75k per month, plus $2.5k in triple net expenses on a lease until 2027 with two 5-year options. The premise has an occupancy for 119 dining patrons. The master lease includes additional square footage that is occupied by a sub-tenant and has an 8% annual percentage rent after an $11.25 ml annual breakpoint


Competition

This restaurant and lounge is located in a well-known, highly sought after dining and entertainment area. As such, a finite number of competing venues exist in the immediate vicinity, but those fortunate to have such desired locations cater to a similar patron base so each is able to benefit from the other’s presence. As such, the location, together with its liquor and entertainment entitlements and rooftop deck with stellar views, enjoys several long-term competitive advantages.


Growth & Expansion

New operators will wish to continue to grow the existing concept or capitalize on this unique location and its entitlements to launch any number of dining and entertainment concepts. As the location and build-out come with a related occupancy expense, operators with a new concept will either want to provide a premium, high margin offering or a high-volume one, to strive to maintain benchmark industry cost ratios.


Support & Training

As negotiated


Reason for Selling

Personal


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