ABC47 Italian Restaurant/Pizzeria/Bar - 3,560SF Wrap Around Patio

Asking Price: $575,000

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ABC47 Italian Restaurant/Pizzeria/Bar - 3,560SF Wrap Around Patio


Asking Price: $575,000

Asset Sale Description
3,560 SF Restaurant - Bar - Pizzeria rebuilt fully in 2023

ADVANTAGEOUS RENT: $5,260 per month all included - MG
Tenant pays his own utilities
ADVANTAGEOUS LEASE: Through November 30, 2027 + One five (5) years option
Landlord is agreeable for a qualified tenant to add options or start a New Long Lease

Gorgeous space - Rebuilt in 2023 at a cost of over $1M
Corner location, with huge wrap around patio
High visibility
Plenty of parking
Occupancy inside 120 seats
Occupancy outside approx. 200 + seats o. Patio with 60 tables (depending if 2 or 4 people tables.)
2 ADA bathrooms
Storage Area

SALE INCLUDES:
*The Full Liquor license type ABC47
* Restaurant's name
* Website, URL
* The recipes
* All FFE (equipment) valued at $200,000 + .All purchased in mid 2023 when space was remodeled, or
2 years new.
* Leasehold Improvements - at a cost of over $1,000,000.00 in 2023
* $5,000 Food Inventory
* 3 Key employees want to stay, if Italian concept stays the same. Call for details
* Training with the owner for up to 2 months

SALE/SPACE INCLUDES:
PIZZA OVEN imported from Italy
TEMPERED GLASS WINE CELLAR
THE BAR COUNTER IS ONE BLOCK BRAZILIAN MARBLE
JERUSALEM STONE ON THE WALLS
3 DINING AREAS
A BAR AREA
A LARGE WRAP AROUND PATIO
A FULLY EQUIPPED KITCHEN (list of equipment on demand)
2 ADA Bathrooms
and much more
SEE ATTACHED FLOOR PLAN,

Long established, successful, popular/high-end /renowned business in Palm Springs with a clientele following.
7 EMPLOYEES: 1 Full Time (The Chef) + 6 Part-Time Employees + owner when he comes

Three (3) key employees will stay including the Chef and The Pizza Maker

OPEN FOR DINNER ONLY 6 EVENINGS PER WEEK
5:30PM -9PM FRIDAYS & SATURDAYS
5:30PM -8:30PM THE FOUR OTHER NIGHTS

GROSS SALES 2025 (Tax Return): $825,000

THERE IS CONSIDERABLE UPSIDE TO THIS BUSINESS:
*OPEN LONGER HOURS
*OPEN FOR LUNCH during the season or year around
*OPEN FOR BRUNCH BOTH SATURDAYS AND SUNDAYS
*OPEN FOR BREAKFAST - There is a 250 dining area opened to the patio that is not currently in use. This
space would be ideal for breakfast or take out or in this 250SF space...
* OPENING A BOUTIQUE SELLING YOUR OWN PRODUCTS, * OR A NIGHT LOUNGE WITH MUSIC
* DEVELOP CATERING - The owner lives in another town, 80 miles away and hasn't develop the catering
concept due to his lack of presence in Palm Springs beside dinner hours etc., etc

PRICED TO SELL! RARE OPPORTUNITY!
Call agent for more info
Detailed Information
Years in Operation
12
Facilities & Assets
Turnkey space rebuilt fully in 2023
Corner location Wrap around patio with 60 tables
Several areas in this space - a Bar & waiting area, Main dining, the pizzeria dining room, an additional space approx.300 sf opens to the patio (currently used as storage) but should be used as additional dining , or as a boutique (selling your own products) or a morning coffee spot, or as a take out area, , evening lounge, etc.
Occupancy Dining Room 120
Occupancy Patio 60 tables
Top of the art kitchen fully equipped, wood pizza oven & more
List of equipment on demand
About the Sale
Transition Support
Yes - Up to two (2) months - Extensive support by the owner and key employees
Seller Motivation
Owner lives 80 miles away - It is a 160 miles RT daily or when he comes to the r
Financing
Possibly
Listing Info
ID
2417696
Listing Views
393
Attached DocumentsAttachment Disclaimer

Floor Plan_palm_springs_with_dimensions.pdf


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Business Listed by: Brigitte Handler Keller William Realty Studio City

Listing ID: 2417696 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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