PALM SPRINGS, California
| Asking Price |
$0 |
Year Established |
2013 |
|
| Annual Revenue |
$1,374,000 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
Keith Simpson |
|
| Annual Cash Flow |
$114,500 |
Listing Number |
998171 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
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
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity