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  • RE:  Popular Cocktail, Dining,Entertainment Restaurant
  • Contact:  Steve Zimmerman
  • License #: 01310250

Quick Facts

Asking Price: $225,000
Annual Revenue: $570,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2003
Employees: 6
BBN Listing #: 988258
Broker Reference #: 4980

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Business Overview:


Riverside County – Popular Cocktail, Dining & Entertainment Restaurant with ABC Full Liquor License

RRC#  4980

Location:  Riverside County

Description:

20 years of passionate ownership has developed this 3600 sq ft, Icon European style restaurant into a popular cocktail, dining and entertainment “Go To” place located in Riverside County. The affluent areas of Palm Desert and Palm Springs are just minutes away and the long-established reputation makes this opportunity a jewel. Included with the sale is a valuable ABC type 47 full liquor license, all furniture & equipment plus 20 years of goodwill. Currently only open 5pm – 10pm five evenings per week, leaving so much new ownership opportunity for growth. Fully equipped kitchen for this 40-seater bar and separate 80 seat restaurant with its live music entertainment stage. Locals love this restaurant which provides great cocktails & wines, quality food and wonderful live music. Monthly rent is $8,600 plus NNN and there is still 11 years remaining on the transferable lease. A lease extension above the current terms would be negotiated with the landlord. Annual Revenues for 2024 are $570,000 based on the limited opening hours. 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: $47,500 

Monthly Cash Flow: Contact for Info 

Annual Revenue: $570,000 

Annual Cash Flow: Contact for Info 

General Info:

Ownership: Inc  

Established:2003

Employees: 6  

Reason For Sale: Other Interests

Monthly Rent: $10,900 Including NNN 

Expiration: 2026  plus Two x 5 yr Lease Options  

Facilities:

Square Feet: 3,600 

Seating: Contact for Info  

Parking:Large Parking Lot

Licenses: ABC Type 47, Business and Health permits 

Days/Hours of Operation:  Tuesday - Saturday 5.00pm - 10.00pm. Closed Sunday & Monday

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Property Features and Assets:


Facilities:

Square Feet: 3,600 

Seating: Contact for Info  

Parking:Large Parking Lot

Licenses: ABC Type 47, Business and Health permits 

Days/Hours of Operation:  Tuesday - Saturday 5.00pm - 10.00pm. Closed Sunday & Monday

Market Competition and Expansion:


General Info:

Ownership: Inc  

Established:2003

Employees: 6  

Reason For Sale: Other Interests

Monthly Rent: $10,900 Including NNN 

Expiration: 2026  plus Two x 5 yr Lease Options 

Reason for Selling:

Other Interests

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

Relevant Links:

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