Businesses for Sale

Spectacular Upscale Jazz Club and Restaurant

 

Restaurants - Gourmet Dining

Contact Information

Rodd Feingold
CBB
Troop Business Services

phone: (805) 494-1138
CONTACT US TODAY


Status Contract Pending
Listing ID 46887
Listed Price $1,700,000
Down Payment $1,700,000
SDE
Total Sales

Asset Info
Inventory† $15,750
Furn., Fixtures & Equip.† $745,195
Other Assets†$939,055

Included in price
Not included in price


Reason For Sale

Owner is retiring


Operations

Year Established 1985
Form of Ownership Corporation
Absentee Owner N
Franchise N
Days & Hours 11:00am to 3:00pm M-Sun 6:00 p.m. to 1:00 a.m. M-Sun
Years Owned
Business Age 27

Location

Los Angeles
Type of Location
Lease Expires 2013-07-31
Security on Lease $20,000
Location Comments

Executive Summary

Business Description

Spectacular jazz club in a historic location of Los Angeles. With its gourmet menu, full bar, and extensive wine selection as well as the spectacular stage set up and historic piano, this club has held a reputation for being the jazz club to go to in Los Angeles for 24 years. The owner built this club in 2004 so its atmosphere perfectly matches its prestigious reputation. The establishment has all permits and licenses including unrestricted 47 liquor license needed to serve food, allow dancing, host performances, etc. The license also allows the owner to serve liquor and food on the large patio. This amazing jazz club is a total of 10,600 square feet with seating for 315 customers. This club is not in the red! A death in the owner's family has prompted this sale. Everything is in place for a buyer to step in and become the new owner of the hottest jazz club in Los Angeles. Call Rodd Feingold 805-267-0721. rodd@TroopBusiness.com