Sub-Lease (Future Partner) of Restaurant Operations in Palm Springs
Property Description
Sub-Lease (Future Partner) of Restaurant Operations for Palm Springs Premier Bar, Restaurant & Entertainment Center
RRC# 4962
Location: Palm Springs
Description:
The Owner has operated this successful 15,000 sq ft Entertainment Center in Palm Springs since 2013 and is looking for a Restaurant operator to take over the busy Food and possibly the Beverage operations (by agreement). 2024 saw $1.4 million in annual sales mainly Thursday – Sunday with weekend Brunch being a major feature with added Entertainment. Many high-end celebrities frequent the venue and the owner’s strengths lie in booking top class entertainment. The restaurant side of the business needs a revamp, and the owner is looking for a long-term tenant to sub-lease (possibly a future partner) to improve the total food concept including the menu, décor, furnishings and marketing to boost this side of the business. Great corner location on a major thoroughfare with a huge patio seating up to 150 and 100 indoors with seating in various private rooms and within the indoor courtyard. This is a great opportunity for an experienced restaurateur or a Chef/Manager first business, to excel and expand this wonderful concept. The lease has 17 years remaining and an agreed share of the monthly rent along with the restaurant concept ideas with the owner is paramount.
To receive more information and discuss this opportunity with the broker, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Financial Information:
Monthly Revenue: $114,500
Monthly Cash Flow: Contact For Info
Annual Revenue: $1,374,000
Annual Cash Flow: Contact For Info
General Info:
Ownership:Sole Proprietorship
Established:2013
Employees: Contact For Info
Monthly Rent: For Lease - To Be Negotiated
Expiration: 2032 plus One 10 year Lease Option
Facilities:
Square Feet: 15,000 inc Club
Seating: 250
Parking: Street
Licenses:Contact For Info
Days/Hours of Operation: Daily 5.30pm - 9.30pm Weekends all day from 9.00pm
RRC# 4962
Location: Palm Springs
Description:
The Owner has operated this successful 15,000 sq ft Entertainment Center in Palm Springs since 2013 and is looking for a Restaurant operator to take over the busy Food and possibly the Beverage operations (by agreement). 2024 saw $1.4 million in annual sales mainly Thursday – Sunday with weekend Brunch being a major feature with added Entertainment. Many high-end celebrities frequent the venue and the owner’s strengths lie in booking top class entertainment. The restaurant side of the business needs a revamp, and the owner is looking for a long-term tenant to sub-lease (possibly a future partner) to improve the total food concept including the menu, décor, furnishings and marketing to boost this side of the business. Great corner location on a major thoroughfare with a huge patio seating up to 150 and 100 indoors with seating in various private rooms and within the indoor courtyard. This is a great opportunity for an experienced restaurateur or a Chef/Manager first business, to excel and expand this wonderful concept. The lease has 17 years remaining and an agreed share of the monthly rent along with the restaurant concept ideas with the owner is paramount.
To receive more information and discuss this opportunity with the broker, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Financial Information:
Monthly Revenue: $114,500
Monthly Cash Flow: Contact For Info
Annual Revenue: $1,374,000
Annual Cash Flow: Contact For Info
General Info:
Ownership:Sole Proprietorship
Established:2013
Employees: Contact For Info
Monthly Rent: For Lease - To Be Negotiated
Expiration: 2032 plus One 10 year Lease Option
Facilities:
Square Feet: 15,000 inc Club
Seating: 250
Parking: Street
Licenses:Contact For Info
Days/Hours of Operation: Daily 5.30pm - 9.30pm Weekends all day from 9.00pm
About the Property
- Type
- Building Status
- Established
- Facilities & Assets
- Square Feet: 15,000 inc Club
Seating: 250
Parking: Street - Location Description
- Great corner location on a major thoroughfare with a huge patio seating up to 150 and 100 indoors with seating in various private rooms and within the indoor courtyard.
- Current & Prior Use
- A successful 15,000 sq ft Entertainment Center
About the Lease
- Rent
- $1.00 per month
- Lease Is NNN
- No
- Lease Terms
- Monthly Rent: For Lease - To Be Negotiated Expiration: 2032 plus One 10 year Le
- Lease Expires
- 12/31/2032
Listing Info
- ID
- 2335021
- Listing Views
- 653
Listing ID: 2335021 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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