Price reduced and Voted "Best Pizza in the Desert" Award 4 years running by 'Open Table' for this Palm Springs icon Authentic Wood Fired Pizza restaurant and bar. This 8,600 sq ft multi-level restaurant and bar offers great food, fantastic views, good times in a rustic, casual environment, with scenic views from patios on all sides of the building. Enjoy a fantastic meal with friends and family as the downtown street scene unfolds below you. The Sellers have owned since 2016 are semi-absentee. The business is fully managed along with 34 long term employees. This restaurant and bar is located at the center of the town with seating for over 150 customers plus ample standing room in the bar with parking for 100+ vehicles and a monthly rent of $17,000. Current Annual revenues are $1.6million and profitable with so much room for future growth which includes an ABC type 47 hard liquor license. Recent ABC type 47 in Riverside County have sold for $135,000. 2 extremely well-equipped kitchens. The fully loaded main kitchen, which includes but not limited; Hoshizaki Ice Machine, 2 Door Refrigerator, Combination Refrigerator/Freezer, 2 Upright Freezers, Chest Freezer, Pizza Oven, 2 Door Glass Refrigerator, 4 Micros Kitchen Display Screens, 2 Closed Circuit Flat Screen TV's, 2 6 burner Stoves with Oven, Cheese Melter, Char-Broiler, 2 Deep Fryers, Flattop Grill, 3 5-foot Refrigerated Prep Tables, 5-foot nonrefrigerated Prep Table, Double Steamer, 2 Hand Sinks, 3-Compartment Sink, Automatic Dishwasher, 4 Stainless Steel Dishwashing Tables, High Volume Mixer, Double Walk-in Refrigerator, 2 Compartment Sink, High-Capacity Stick Blender, Mandolin Slicer & a Double Panini Grill. The Pizza kitchen, includes; Micros Kitchen Display Screen, Brick Pizza Oven, Refrigerated Prep Table, Walk-in Refrigerator, Meat/Cheese Slicer, Dough Rounder, 2 Stainless Steel Prep Tables, 1 Flat Screen TV, Refrigerated Bar Cooler, 3 Compartment Sink, Hand Sink, 4 Micros Stations. 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 the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationInc
  • Established1995
  • Current Owner2016
  • Employees34
  • Reason For SaleOther Interests

Facilities

  • Seating150+
  • Square Feet8,600
  • Parking100+
  • LicensesHealth, Business & ABC Type 47 Licenses
  • Open HoursMon - Fri 2.00pm - 9.00pm - Sat & Sun 11.00am - 9.00pm

Lease

  • Rent$17,109
  • ExpirationJan 2023
  • Yearly IncreaseContact For Info
  • OptionNew Lease Negotiable
  • Deposit$15,202

Financials

  • Monthly Revenue$130,666
  • Monthly Cash Flow$10,417
  • Annual Revenue$1,568,000
  • Annual Cash Flow$125,000
  • Payroll$47,715

Financing

  • Down PaymentContact For Info
  • Note BalanceContact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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