Selling Restaurant
See More
About Us
Contact Us
Search Selling Restaurants Listings
#563
San Bernardino Restaurant For Sale

WOW! Gorgeous Cutting-edge Restaurant Architecture with Large Bar!

$250,000
Sold
WOW! Gorgeous Cutting-edge Restaurant Architecture with Large Bar!
This Listing is Sold
Located in the historic uptown Palm Springs, this first class Italian Bistro restaurant has several times the money invested in it than the seller is asking. There is a large bar area perfect for that large upscale crowd looking for refined dining with their martini or simply use the area for a club after-hours. There are 4,780 Sq. Ft. of beautiful restaurant and bar with a monthly base rent of $6,500 on a lease having 2 years left plus an option to purchase the real estate at the end of this term. This is an absentee operated restaurant. The restaurant seats 106 people with 30 parking spots plus street parking. Keep the restaurant Italian or convert it to your concept, either way, this is a great deal! The current monthly gross sales range from $80,000 to $100,000. At least take a look at the restaurant - you won't be disappointed.This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
San Bernardino Restaurant For Sale
Lease Term:
2 years, plus option to purchase building
Total Monthly Rent:
$6,500

Financials

Last Year's Annual Gross:
$1,000,000

Operations

Liquor License:
47
# of Full-Time Employees:
5
# of Part-Time Employees:
19
Hours Open:
mon-thurs & sun 5:30pm to 9:30pm
fri & sat 5:30pm to 10:30pm
Year Established:
2004
Hood System Type 1:
Yes

Facilities

Indoor Seating:
106
# of Parking Spots:
42
Inside Sq. Ft.:
4780

Highlights

  • First Class Restaurant!
  • Cutting-edge Architecture
  • Monthly Sales range from $80,000 to $100,000
  • Base Rent $6,500
  • 4,780 Sq. Ft.
  • Large Bar Area - flat screen TV
  • Type 47 Liqour License
  • Seats 106
  • Option to purchase real estate
  • Absentee Operated

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

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

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, 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 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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.

Other Listings in the Area
  • Mastro
    #5300
    Mastro's Style Steakhouse w/Big Bar & Type 47 & Entertainment
    Lease:  
    New Lease with at least a total of 10 years
    Monthly Rent:  
    $13,000
    Square Feet:  
    9,600
    Facebook Twitter Google+ Email
    Available
    $150,000

Terms Of Use     © 2019 Powered by BBMT Inc.