Restaurant- Full Service Palm Desert

Palm Desert, CA (Riverside County)

Seller Financing Available
Restaurant- Full Service Palm Desert

Asking Price:$330,000

Cash Flow:N/A

Gross Revenue:$881,000

EBITDA:N/A

FF&E:N/A

Inventory:$12,000

Established:2000

Restaurant- Full Service Palm Desert

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Business Description

Very popular established American style breakfast and lunch operation.Outstanding high traffic location. A newly signed five year lease with options. Business has a four star rating on Yelp.
Approximately 2400 SF of space and 2,000 SF of patio space.
The landlord recently replaced the air conditioners and the fire suppression system. New tables, chairs recently added plus interior paint.This is a turnkey business with many long-term professional employees, all paid through a payroll system.
Hours of operation are 7:00-3:00 daily; however a new buyer can open for dinner, per the new lease. The owner is semi-absentee and is willing to train and support Buyer for an extended time at no cost. All original recipes are included but the restaurant can be converted into another concept that will not compete with other restaurants within the same center.
New Buyer does not need prior restaurant experience to take over this opportunity.
Restaurant has a nice website and has a solid reputation for consistent quality, friendliness and reasonable prices. Verifiable financials available to qualified prospective buyers.

Detailed Information

Inventory:
Included in asking price
Employees:
8
Financing:
Seller will finance 45% of the asking price

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John Sullivan

Business Listed By:
John Sullivan

Sullivan Business Brokers

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