#1259
San Bernardino Restaurants For Sale

Fine Dining Restaurant & Piano Bar w/Hard Liquor

$249,000

Selling Restaurants presents this icon restaurant in Palm Springs. A large client�le of local customers as well as newcomers experience the delicious, yet affordable, cuisine of this upscale fine dining restaurant featuring a full bar with a wide selection of the finest liquors, domestic and imported beer and an outstanding and diverse wine list. The atmosphere is made complete with a beautiful piano bar, giving this restaurant the feel and flare of a Palm Springs Classic. Annual Sales Exceed $1.1 million, so this is a steal of a price for this restaurant with a great lease. Located across from the newly refurbished Riviera Resort and Spa. This stand alone building has 4,946 square feet, with a base rent of $4,925. No NNN, pay only property tax. Ample parking at this corner lot location. The 2nd floor features an office and storage facilities.

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Regional Manager Rodger Gibson DRE License #017022100

Lease

Region:

San Bernardino Restaurants For Sale

Lease Term:

expires March 31, 2013 + 5 yr. option

Total Monthly Rent:

$4,925

Security Deposit:

$10,000

Financials

Last Year's Annual Gross:

$1,175,560

Operations

Liquor License:

# of Full-Time Employees:

# of Part-Time Employees:

Hours Open:

11:30am - 10:00pm
7 days in season

Year Established:

2003

Hood System Type 1:

Yes

Facilities

Indoor Seating:

Outdoor Seating:

# of Parking Spots:

Inside Sq. Ft.:

4,946

Highlights

Turn Key Restaurant & Bar
Established Loyal Customer Base
Seats 90 Comfortabley For an Intimate Dining Experience
Large Efficient Kitchen
Warm and Inviting Atmosphere
Type 47 Hard Liquor License Included
Less than $1.00 per Square Foot!
Beautiful Floor Plan

Financing

Will SBA Finance:

Will Seller Lend To Buyer:

Demographics

Population	1-mi.	5-mi
2014 Total Population	30,246	30,246
Households	1-mi.	5-mi
2010 Number Of Households	12,507	12,754
2010 Persons Per Household	2.06	2.08
Median House Value	$279,800	$275,293
Income Per Household	$46,515	$45,927
Businesses	1-mi.	5-mi
2009 Number Of Businesses	1,074	1,114
2012 Number Of Employees	31,622	33,024
2012 Total Annual Payroll	$607,771,000	$648,687,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings. Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.