Description

This iconic restaurant, bar, and special events / conference center is synonymous with high quality authentic home style food and drinks in the greater Palm Springs Area. The massive venue and its oversize driveway and parking lots are located on nearly 2.7 acres that offer guests and special event buses plenty of parking.

This 14,700 square foot restaurant with a 4,700 square foot outdoor patio is located on a 48,787 square foot (1.12 acre) parcel that has an additional 1.57 acre parking lot. The venue boasts 202 feet of ideal high visibility street frontage, a Type 47 Liquor License and the ability to offer patrons live entertainment and dancing. All of the businesses furniture, fixtures, equipment, name, liquor license and both properties will be included. Approximately $30,000 in liquor inventory will be sold at cost at close.

Few venues in the greater Palm Springs area can match this venue in terms of overall size and breadth of restaurant, patio, bar, live entertainment or conference center, banquet and special events offerings. This venue can actually simultaneously host a business conference in a private room, a wedding rehearsal dinner, a bar event and 2-3 patio events while still having the main restaurant in full ‘normal’ operations.

New operators will likely wish to focus on growing the special events and corporate events segments of the business, as the venue uniquely has the capacity to do so. They may also wish to explore promoting the bar and promoting nightly themed events with drink specials, live entertainment, holiday celebrations, etc.
Given the lot sizes and street frontage, a buyer may wish to further develop the property to have more of an events center orientation, or to become a boutique hotel or other complementary venue that could benefit from the restaurant’s tremendous location, goodwill, liquor license and entitlements.

Posted Apr 7, 2016

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