This historic greater Los Angeles Area / Southern California concert venue, events center and nightclub boasts a full kitchen and all of the licenses and permits required for it to offer live entertainment, dancing and special events. The 11,000 plus square foot venue offers 4 convenient bars, and has a legal occupancy for 1,000 patrons (although it can comfortably accommodate 1,300).

This nightclub leases for $12,656 per month plus $2,343 in Common Area Maintenance (CAM) expenses and triple net (NNN) expenses on a lease with 5 years remaining with 3% annual increases and one 5 year option at fair market value. All of the business's furniture, fixtures, equipment and Type 47 Liquor License, Type 77 Event Permit and Type 58 Catering Permit will be included in the sale. Approximately $10,000 in alcohol inventory will be sold at cost at close.


Reason to sell : Personal

Support and training : 2 Weeks at 20 hrs/wk

Business opportunities : New operators may wish to take this opportunity in any number of directions, as they could continue to operate this profitable operation ‘as is’, or they can focus on the concert, sporting event or special event business that can be hosted from it. This venue has a separate smaller nightclub within it, that has its own stage / D.J. booth, bar and dance floor that may be further promoted and developed.

Business competition : While competition exists on different levels, ranging from large mega concert halls to smaller theaters and dance venues, few can match this legendary facilities’ history, location, concert line-up and other entertainment options, as well as the intimate atmosphere that it provides.
Price:
$1,500,000
Cash flow:
$312,774
Revenue:
$2,607,164
Seller financial available: No
Work from home: No
Franchise: N/A
Year established: 2011
Employees: 40
Inventory: $10,000
Date: Fri 26 Aug 2016

Listing Expired!

Category: Bars and Taverns
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