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Accommodation & Food Services

Cork Tree California Cuisine

Palm Desert, CA, USA
Listed 72 days ago
Established 2006

A rare opportunity to acquire one of Palm Desert's premier fine dining restaurants. Cork Tree Restaurant is renowned for its outstanding California cuisine, award-worthy wine list, impeccable service, and elegant atmosphere that has earned a loyal following of both locals and visitors. Ideally located directly across from the JW Marriott Desert Springs Resort & Spa, this highly visible destination benefits from year-round traffic generated by resort guests, golf enthusiasts, and the surrounding affluent community. The restaurant features beautifully arranged indoor dining along with an inviting outdoor patio, creating the perfect setting for intimate dinners, celebrations, and special occasions. Guests enjoy an exceptional culinary experience highlighted by a creative seasonal menu, premium ingredients, and an extensive selection of fine wines. This is an exceptional opportunity for an experienced restaurateur or hospitality group to acquire a well-established, highly respected fine dining restaurant in one of the Coachella Valley's most desirable dining destinations. Serious inquiries only. This information, while not guaranteed, has been obtained from sources deemed reliable. Buyer must verify the information and bear all risks for any inaccuracies. DRE #01366091 00080326

Employees

15 FT 35 PT

Lease Terms

10 Years

Real Estate

Lease

Trading Hours

Hours of Operation: 5:00 PM – 10:00 PM

Leasehold Rent

$294,000 per annum

Management Type

This business is owner operated.

Support & Training

The seller will train for an agreed-upon amount of time for a smooth transition.

Reason for Selling

Retiring & Other business interests.

Financials

Asking Price
$895K
RevenueMost Recent Year
$3.3M
Earnings (SDE)Last Reported
$306K
Assets Value
Undisclosed
Seller Financing
Not available

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