Refine/Revise Search
Asking Price: Not Disclosed

Oscar's Downtown Palm Springs Restaurant Operation

Palm Springs, CA
Riverside County

Oscar's Downtown Palm Springs Restaurant Operations for Premier Bar, Restaurant & Entertainment CenterRRC# 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, decor, 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 NegotiatedExpiration: 2032 plus One 10 year Lease OptionFacilities: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

Cash Flow $114,500
Revenue $1,374,000

loading...
TOP â–²
Add Businesses and/or Franchises
To Basket For Free Information

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details.