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Santa Monica

  • Listing No.: 130-00157

  • Category: Leisure/Entertainment

Asking Price $700,000
Down Payment $0
Gross Revenue $400,000
Total Adjusted Net Income $201,800
Equipment/Fixtures $48,650
Year Established 1995
General Location Santa Monica
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Live performance venue in great location for sale! Become the new owner of a 150-stadium seating theater that offers everything a modern entertainment needs. This multi-purpose venue has an established clientele and is a known attraction to tourists. It features all an amusement venue needs ranging from audio/climate control, beer/wine bar, concession counter, retail store to a party room. There is also ample office space and the venue benefits from a long-term under-market lease. This concert/performance venue is perfect for music, comedy, dance, acting, burlesque, and circus arts. There is plenty of convenient parking close to the venue. Call and email today!

Gross Revenue $400,000 Listed Price $700,000
Total Income $201,800 Down Payment $0
Base Rent $10,366 Square Feet 8000
Total Rent $10,366 Lease Expiration 6/2023
Rent Deposit $10,366 Lease Options 1 / 5 year
Inventory $400 Leasehold Improvements $508,000
Equipment/ Fixtures $48,650 Other Assets $11,700
Full-Time Employees 0 Training Period 30 days
Part-Time Employees 2 Special License Required Seller's Permit, Public Health, Fire Dept., Beer and Wine
Contract Staff 5 Reason for Selling World Tour

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.