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31838574

Main Street, Los Angeles, CA 90061

ME
01923777
$1,175,000
47 days on market
Updated 6 days ago

Rare Licensed Entertainment Venue Opportunity. Value-Add

Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 4,000
Units 1
Price per SqFt $300
Year Built 1969
Year Renovated 2021
Buildings 1
Stories 1
Lot Size (SqFt) 5,000
Zoning LAM2
Parking Spaces 40 spaces
Parking Per SqFt 10.00
Ground Lease No
Dock High Doors 1
Ownership Fee Simple property also For Sale separately

Established, Revenue-Generating Hospitality & Entertainment Business with Rare Legacy Entitlement

Marketing description

Address Posted is just a Placeholder.Please connect for Address (Text of call Dena at 626-504-2700)

This is a unique opportunity to acquire a fully operational, long-standing entertainment venue with a rare and increasingly scarce use authorization that is no longer being issued in this market. The business is currently active and has generated consistent gross revenue over the past years.

While the business is currently operating, it presents a clear value-add opportunity for an experienced operator. Current ownership has maintained limited operating hours and a higher staffing structure than industry benchmarks. A new owner can potentially increase revenue and improve margins through extended hours, optimized staffing, and refined management practices.

Confidentiality Notice:

The listed address (XXX Main St) is a placeholder and not the actual location. The business name, exact location, financials, and additional operational details will be provided only upon execution of a Non-Disclosure Agreement (NDA). Building is FOR SALE separately Fully built-out and functional.

Text or Call Dena for all details Cell# 626-504-2700

Investment highlights

Property Address in Due Diligence documents (Above)

  • Irreplaceable Licensing / Entitlement
  • Legacy use authorization that is no longer being granted in the local jurisdiction
  • Significant barrier to entry for new competitors
  • Existing clientele base & high gross revenue.
  • Price includes tangible and intangible assets.
  • Established Operating Business at least 4 years of documented gross revenue
  • Value-Add Opportunity
  • Building is FOR SALE separately Fully built-out and functional.

Listing Contacts

ME
01923777

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Additional Information

Name
Mark Elzik
License
DRE 0192777
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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