Restaurant w ABC 47 - Prime location on Palm Canyon Drive

Asking Price: $358,000

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Restaurant w ABC 47 - Prime location on Palm Canyon Drive


Asking Price: $358,000

Asset Sale Description
3,560 SF corner restaurant with wrap around patio
Capacity Inside seating 120-140 seats
Capacity Outside Patio 80 + seats
Bar Area + Two dining areas + another room currently unused + wrap around patio
ASSETS INCLUDE:
A full liquor license type ABC 47
Social Media - IG with 14 million followers and generates $100K views per month
ALL Equipment and Fixtures Valued at $200,000 (list on demand)
Huge Parking Lot

RENT. $5,257 /mo all charges included (as per seller)
rent yearly increase approx. 4% /per annum
LEASE: Through November 30 2027 + one five-years option, through November 30, 2032.

- STRATEGIC CORNER on high-traffic Palm Canyon Drive in Palm Springs.
- 3,560 square feet of restaurant space, with wrap-around patio configuration
- Exceptional lease terms: $1.47 per square foot monthly , $5,257 total rent including all expenses
- BELOW MARKET RENT provides significant operational advantage for future operators with an incredibly competitive rent of just $5,257 monthly for the entire space - a fraction of typical Palm Canyon Drive rates that immediately improves your profit margins.
- Total seating capacity: 200-250 guests (120-140 interior, 60-80+ exterior patio
- INTERIOR / EXTERIOR SPLIT MAXIMIZES SEASONAL REVENUE POTENTIAL - for revenue generating space ratio.
- Equipment and fixtures professionally valued at $200,000 (detailed inventory available)
- 2 AM DAILY ABC Type 47 FULL LIQUOR LICENSE included , means full bar operations capability as per Palm Springs City zoning
- Dual dining areas plus dedicated bar section for optimized service flow

- License and Permits inclusion eliminates additional permitting costs and delays

Step into an established location where systems, layout, and infrastructure are already optimized for Italian restaurant operations, allowing you to focus on building your brand and growing revenue rather than construction and permitting delays.

Detailed Information
Years in Operation
6
Facilities & Assets
3560 sf restaurant space
Corner location plus wrap around patio
High visibility on Palm Canyon Drive
Huge parking lot

ASSETS:
Approx. $200,000 in FFE (list on demand - too long to detail here)
Equipment including a Pizza oven imported from Italy,
Fully equipped kitchen
Hood 14 feet
Tempered Glass Wine Cellar in the dining room
Jerusalem Stone on the Walls
Bar is one solid block of Brazilian Marble
HVAC.
2 ADA
High Ceilings
About the Sale
Transition Support
Yes - seller will support fully is necessary , and negotiable
Seller Motivation
Health reasons
Listing Info
ID
2551645
Listing Views
6

Listing ID: 2551645 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.