Casual International Food Restaurant With Theatre Presence

Cathedral City, CA (Riverside County)

Casual International Food Restaurant With Theatre Presence
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Asking Price: $135,000

Cash Flow: $135,082

Gross Revenue: $551,314

EBITDA: N/A

FF&E: $36,000

Inventory: $4,500

Rent: $7,036 /Month

Established: 2014

Casual International Food Restaurant With Theatre Presence

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Business Description

Excellent Value - Motivated Seller

International comfort food restaurant in the Palm Springs, CA area features dishes from Argentina, Germany and Italy. Priced to sell, this 4,590 sq ft establishment has been at this location for almost 5 years. Currently seats 90 in restaurant, 35 bar lounge, and 40 on patio with room to grow outdoors. Full bar service with liquor license included. Beautiful space in growing area. Growth opportunity in changing the center layout of restaurant to add more seats, add lunch hour, additional tables/sectionals to the patio, advertise on social media and add delivery service, such as Grub Hub. Many cross-marketing opportunities in area of theatre and near future outdoor entertainment. 2 FT employees (owners) and 11 PT employees. Catering service available and special events. Highly motivated seller needs to sell due to health reasons.

Detailed Information

Location:
Cathedral City, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,590
Lease Expiration:
N/A
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Love for international foods, cooking entire life, truned restaurant owners. Restaurant attached to a theatre area.
Growth & Expansion:
Add lunch hours, open deli attached to restaurant, increase patio seating, increase social media.
Support & Training:
4 weeks
Reason for Selling:
health
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LeeAnn Schumacher

Business Listed By:
LeeAnn Schumacher

Transworld Business Advisors Coachella Valley

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Sponsoring Broker:
Rick Rayl

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