Bar with RE 30% down and owner will carry

Not Disclosed, CA
Riverside County

Asking Price: Annual Revenue:
$2,625,000 $888,510

Food & Beverage: Bars, Clubs, Nightspots

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RE: Bar with RE 30% down and owner will carry Broker: Rick Rayl
Owner Financing is Available!

Quick Facts

Asking Price: $2,625,000
Annual Revenue: $888,510
Net Profit: Not Disclosed
Cash Flow: $198,946
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $2,100,000
Year Established: 1968
Employees: 8
BBN Listing #: 67855367
Broker Reference #: 86808-637080

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Business Overview:

5 Star Dive Bar and Live Music Venue with Strong Cash Flow!
This bar has been in Palm Desert, CA for many years and has attained almost legendary status. Currently very profitable, there is low hanging fruit to add more sales.
The owner is very flexible and will consider trading for another business, and airplane, or real estate.
Significant owner financing available.
The bar and the building are available separately or together.
Building was recently appraised above asking price.
Owner will carry a significant part of the price as a seller note!

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Property Features and Assets:

This bar was founded by a man called Milo Malotte in 1968. He was a world war II vet and PROUD of it from buffalo NY. He ran his bar HARD and Fast to the CORE it was known to be the toughest bar in the valley or with in a 50 mile radius 50 years ago the Valley was a resort town with its incredible views and perfect weather an known to hosting some of the best and biggest golf, tennis, basketball, and music festival’s becoming a world class resort town where the the Rat Pack, JFK,Clark Gable, Marilyn Monroe Serena Williams, Kardashian’s, Bob Hope and many others. Not to mention 3 president’s chose this valley for rest and relaxation some chose the valley for its art’s, restaurant’s, live entertainment, This place has been an icon in the valley for more than 50 years and has been a gathering place for local’s. Clientele includes caddy’s, waitresses, busboys, fireman, law enforcement, house wives, nurses, college students, tourists from all around U.S.A. Canada and the world year after year after year. We have patron’s that have been coming for more then 20, 30, 40 years it is and will be the gathering place for the young, old, rich and poor; a place to hear a story or get a job. It is a golden goose a place to dance, play a game of pool or free shuffle board, listen to local musicians as well as from Canada, England,Italy Mexico this icon will be here in the valley for a another 50 + years. two story building with business downstairs and a rentable living quarters upstairs.

Reason for Selling:

Career change.

Additional Details:

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

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