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

Asking Price$575,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$400,000
Included in asking price
listing imageSave

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


Asking Price$575,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$400,000
Included in asking price
Business Description
3,560 SF Restaurant - Bar/Lounge - Pizzeria - Large Patio
Totally rebuilt in 2023
RARE OPPORTUNITY!
The gross sales and net income attest the profitability of this business.

GROSS SALES 2025 (Tax Return): $825,000
7 EMPLOYEES: 1 Full Time (The Chef) + 6 Part-Time Employees + owner when he comes (semi absentee)

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 (see map attached)
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. (Value $100-150K)
* Restaurant's name
* Website, URL
* FB social Media
* THE RECIPES
* All FFE (equipment) valued at $300,000 + .All purchased in mid 2023 when space was remodeled, or
2 1/2 years new. - List of FFE on demand.
* Leasehold Improvements - at a cost of over $1,000,000.00 in 2023
* $5,000 Food Inventory included in the sale price
* 3 Key employees want to stay, if Italian concept stays the same. Call for details
2 of the three (3) key employees who want to stay are the Chef and The Pizza Maker if concept stays the
same
* Training with the owner for up to 2 months

SALE/SPACE INCLUDES:
Dining Room dedicated to the Pizzeria . The PIZZA OVEN was imported from Italy
TEMPERED GLASS WINE CELLAR
THE BAR COUNTER IS ONE BLOCK BRAZILIAN MARBLE
JERUSALEM STONE ON THE WALLS
3 DINING AREAS - Main dining room, Pizzeria area, wrap around patio + an additional dining area not in use currently
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.

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

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
About the Business
Years in Operation
6
Employees
6 (1 Full-time, 5 Part-time)
3 Key employees will stay if the concept remains the same: The Chef , The Pizza
Facilities & Assets
Turnkey space rebuilt in 2023
Corner location & Wrap around patio
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 could 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 Inside 120 people
Occupancy Patio 80 people
Top of the art kitchen fully equipped imported wood pizza oven & more
List of equipment on demand
Opportunities for Growth
Absolutely this restaurant is opened only19 hours/week 6 days/week. Monday -Thursday 5:30-8:30pm Fri. & Sat. 5:30-9:00pm, closed Wednesdays
Add
Happy Hours
Stay Open longer daily
Add Brunch weekends on Saturdays and Sundays
Develop catering
Etc
Additionally there is a dining room that opens to the patio, not in use at the moment used as storage
This room could be opened in the mornings for breakfast/cafe/bakery, as a music lounge after hours selling your own products, or use it as a private dining room or V.I.P room. Your imagination is the limit.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,560
Rent
$5,260.00 per month
About the Sale
Seller Motivation
Owner lives 80 miles away - It is a 160 miles RT daily or when he comes to the r
Transition Support
Yes - Training Up to two (2) months with Chef owner - Extensive support by the owner and key employees
Listing Info
ID
2417696
Listing Views
513
Attached DocumentsAttachment Disclaimer

Floor Plan_palm_springs_with_dimensions.pdf


Contact Seller

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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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