* Included in Asking Price
A Gem! W/fantastic Cafe W/great Location On El Paseo Near Shops/hotels Remodeled, Full Bar, Patio!
Asking Price: $395,000
Location: Palm Desert, Riverside County, California
Yearly Revenue: $465,096
Yearly Cash Flow: $75,000
Monthly Rent: $5,600
This is a prize cafe and location, with high foot traffic, among the high-end shops and restaurants of El Paseo in Palm Desert. The restaurant is fully equipped was completely remodeled in 2010, reopening in 2011. Open daily, serving breakfast, lunch, dinner, desserts and happy hour with full bar. There is an inviting patio, handsome bar and gourmet coffee and dessert counter. Happy hour is daily from 3-6pm with live music on the weekends. This is a local favorite, as well as tourist stop. Their food is made from scratch and includes:, tapas, sandwiches, salads, pizza, desserts and variety of beverages. The decor and custom furnishings are truly tasteful. The cafe also features small loft upstairs and ABC type 47 liquor license. Sales are increasing each year! The owner also has a wholesale bakery for sale that provides desserts for the restaurant and other accounts. If interested see listing #2467 & 2468. There is a 100 room boutique hotel going in half a block down the street.
Organization: Sole Proprietorship | Year Established: 1996 | Current Owner: 1996 | Seating: 36 inside, 30+ patio | Square Footage: 2750 | Parking: parking lot | Licenses Required: Health Dept, ABC License | Days Open/Hours: Daily 7am-8pm Later on Weekends | Reason For Sale: Other Interests |
Yearly Revenues: $465,096 | Yearly Cash Flow: $75,000 |
Monthly Rent: $5,600 | Lease Expiration: 2 years plus 5 year renew | Lease Option: 5 year renewal |
Seller Reference #2469
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