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Listed by:

Restaurant Realty Company

Broker license number: 01791868

Oscar's Downtown Palm Springs Restaurant Operations For Sale

Palm Springs, California - South, US
Asking Price:
On request
Sales Revenue:
$1,374,000
Cash Flow:
$114,500

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.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: For Lease - To Be Negotiated Expiration: 2032 plus One 10 year Le

Business Operation

Years established:
2013

Other Information

Support & training:

Yes

Listed by

Restaurant Realty Company

Broker license number: 01791868