Established Iconic Jake's Restaurant with High Visibility now For Sale

Asking Price$1,200,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Palm Springs Main Strip
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Established Iconic Jake's Restaurant with High Visibility now For Sale


Asking Price$1,200,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
A cornerstone of hospitality in Palm Springs, Jake's figures prominently in the restaurant landscape of Palm Springs, located in a highly desirable part of Palm Canyon Drive in a thriving Uptown Design District with excellent foot-traffic and street frontage. Having recently undergone a major expansion, Jake's now features a series of contemporary dining rooms housed in an attractive historical Spanish style structure at the heart of which is a shimmering courtyard and attached lanai. For nearly two decades, Jake's has been a go-to for al fresco upscale American fare and is recognized annually by Open Table as one of the top 100 Al Fresco Dining Spots in the USA. With nearly a half million in recent upgrades, Jake's now benefits from: a host stand and charming new lobby, expanded front patio, new dining rooms with of-the-moment design, a significantly expanded kitchen, an additional restroom, and upgraded design finishes in the bar and restaurant-wide. Jakes's has an overall capacity of 142 seats, and enjoys a consistent year-on-year growth in business. Open for lunch, dinner, and brunch, diners come to Jake's again and again to experience inventive cuisine and hip ambiance. Together with the newly opened Thompson Hotel and upscale shopping destination, Jake's is at the center of all that is the new Palm Springs vibe. Revenue growth is clear and is a not to be missed opportunity for a new owner who will also benefit from an included 47 liquor license. Do NOT disturb Jake's staff. Shown by appointment only!
About the Business
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
4,900
Listing Info
ID
2399559
Listing Views
581
Business Location

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Business Listed by: Luca Volpe

Listing ID: 2399559 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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