Oscar's Downtown Palm Springs Restaurant Operation

Business Overview:

Oscar's Downtown Palm Springs Restaurant Operations for Premier Bar, Restaurant & Entertainment Center
RRC# 5114
Location: Palm Springs

Description:
The Owner has operated Oscar's Downtown Palm Springs, 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 Beverage operations. 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, owner operator 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 a share of the monthly rent along with the restaurant concept ideas are all negotiable. 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 full financial information, lease & a comprehensive list of equipment included with the Lease. 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

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Additional Details:

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