Turnkey, Asset Priced Restaurant

Palm Springs, CA (Riverside County)

Turnkey, Asset Priced Restaurant
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Asking Price: Get Financing: $149,000

Cash Flow: N/A

Gross Revenue: $295,000

EBITDA: N/A

FF&E: $125,000

Inventory: N/A

Lease Rate: $2.80 /SF/Month

Established: 2011

Turnkey, Asset Priced Restaurant

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Business Description

Upscale Bar and restaurant with outstanding second story views of mountains and downtown Palm Canyon Drive. An amazing opportunity for a fully equipped restaurant and a designer bar in the heart of exploding Downtown Palm Springs. Absentee owners loss is your gain. Established in 2011, fully staffed, includes ABC 47 liquor license! Over 1790 sq. ft. Monthly rent $5100 with 5 year option. Two outdoor terraces, 15 tables, 20 bar stools, Hood and grease trap. Owner is motivated to relocate to Paris.
Food service sales are also generated from the newly opened craft brewery on the ground floor serving popular beers and wines. A full equipment list is available to serious buyers. Beautiful website.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,795
Lease Expiration:
4/30/2019
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
A new owner may want to convert the business to a different concept to expand your brand.
Reason for Selling:
Pursue other business
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(from currently available funds)
 
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John Sullivan

Business Listed By:
John Sullivan

Sullivan Business Brokers

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