2 Businesses-fantastic Cafe W/full Bar On El Paseo

Palm Desert, CA (Riverside County)

2 Businesses-fantastic Cafe W/full Bar On El Paseo

Asking Price:$550,000

Cash Flow:$122,004

Gross Revenue:$701,100

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

2 Businesses-fantastic Cafe W/full Bar On El Paseo

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Business Description

2 Businesses-fantastic Cafe W/full Bar On El Paseo And Established Wholesale Bakery

RRC#: 2468
Asking Price: $550,000
Location: Palm Desert, Riverside County, California
Yearly Revenue: $701,100
Yearly Cash Flow: $122,004
Monthly Rent: $8,350

LISTING DESCRIPTION:
This is an opportunity to own 2 businesses. One prize cafe and location, with high foot traffic, among the high-end shops and restaurants of El Paso in Palm Desert. The restaurant is fully equipped was completely remodeled in 2010, re-opening in 2011. Open daily, serving breakfast, lunch, dinner, desserts and happy hour with full bar. There is an inviting patio, handsome bar and gourmet coffee and dessert counter. Happy hour is daily from 3-6pm with live music on the weekends. This is a local favorite, as well as tourist stop. Their food is made from scratch and includes:, tapas, sandwiches, salads, pizza, desserts and variety of beverages. The decor and furnishings are truly custom and beautiful. The cafe also features small loft upstairs and ABC type 47 liquor license. Sales are increasing each year! 100 room boutique hotel opening half a block away. The other is a 30 year celebrated wholesale bakery with excellent reputation. They specialize in custom cakes, cookies and Danish with excellent reputation. Full bakery facility with extensive equipment, storefront and showroom. . Operates Monday -Saturday from 7am to 3 pm. Well trained staff. Equipment includes: 2006 Chevy van, 6'' hood, Baxter double rack oven, with steam, Blodgett backup stacked oven, Cricut cake decoration cutter, Bakon tart press, Centromatic 111 egg cracker, electric cookie cranker, 2 x hand cookie crankers, Impulse foot sealer, hand press sealer, Somerset fondant sheeter, dough sheeter, Bun press/divider, air compressor/air brush, 2 door Universal refrigerator, Kolpak walk-in refrigerator/freezer, Manitowac ice machine, Powersoak sink system/grease trap, Uniworld mixer, Hobart mixers in 3 different sizes, air compressor, computer system, Talech P.O.S. system, 1 marble, 1 wood and 6 stainless tables, I oversized work table , 16 storage racks, 16 bakery racks plus much more. Owner will train. BOTH BUSINESSES ARE ALSO FOR SALE SEPARATELY.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1985,1996 | Current Owner: 1996 | Employees: 6 Bakery, 15 Restaurant | Seating: Rest. 36 inside, 30+ on patio | Square Footage: Rest. 2700 approx. Bakery 2750 approx | Parking: parking lot for both locations | Days Open/Hours: Rest: Daily 7am-9pm Bakery Mon- Sat 7am-3pm | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $701,100 | Yearly Cash Flow: $122,004 |

LEASE INFORMATION:
Monthly Rent: $8,350 | Lease Expiration: 2 years plus 5 year renew | Lease Option: 5 year renewal |

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Steven D . Zimmerman CBI, CBB

Business Listed By:
Steven D . Zimmerman CBI, CBB

Restaurant Realty Company

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