Popular Cocktail, Dining,Entertainment Restaurant
Not Disclosed, CA Not Disclosed
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- RE: Popular Cocktail, Dining,Entertainment Restaurant
- Contact: Steve Zimmerman
- License #: 1310250
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 |
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 InterestsAdditional 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:
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