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Koreatown

  • Listing No.: 130-00204

  • Category: Bar/Liquor

Asking Price $575,000.00
Down Payment
Gross Revenue
Total Adjusted Net Income
Equipment / Fixtures $100,000.00
Year Established 2012
General Location Koreatown
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Long established nightclub/karaoke bar in the heart of Los Angeles! The business comes with a 47 Liquor license, full kitchen and dance permit. Inside, the venue contains a stage perfect for live band, DJ or karaoke. The business caters to an identifiable neighborhood clientele and has been established in the neighborhood for many years. This opportunity is ideal for a buyer with nightlife experience; however, there is no special skillset needed to operate this business. The space is currently operating as a nightclub/karaoke bar but could also be a restaurant, speakeasy or live music venue. The current owner is not pushing the food element of the venue but the establishment comes with a full kitchen. The venue also has three (3) private rooms, currently utilized as private karaoke rooms. Seller is selling business to fund future creative projects. Rare opportunity to buy a full-scale nightclub in a trendy area. Inquire Now!

Gross Revenue Listed Price $575,000.00
Total Income Down Payment
Base Rent $9,040.00 Square Feet 3000
Total Rent $9,040.00 Lease Expiration 12/2022
Rent Deposit Lease Options 1
Inventory $10,000.00 Leasehold Improvements
Equipment / Fixtures $100,000.00 Other Assets N/A
Full-Time Employees 4 Training Period 2 weeks
Part-Time Employees 6 Special License Required Type 47
Contract Staff Reason for Selling Funding for movie

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.