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Food & Beverage

Oscar's Downtown Palm Springs Restaurant Operations

Palm Springs, CA, USA
Updated 183 days ago
Established 2013

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.

Lease Terms

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

Real Estate

Lease

Support & Training

Yes

Financials

Asking Price
Undisclosed
RevenueMost Recent Year
$1.4M
Earnings (SDE)Last Reported
$115K
Assets Value
Undisclosed
Seller Financing
Not available

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