PRICED FOR IMMEDIATE SALE! 4 RESTAURANTS (BUSINESS OPPORTUNITIES)
For Sale
A+ Locations - Temecula, La Quinta, and Palm Springs
PRICED FOR IMMEDIATE SALE! 4 RESTAURANTS (BUSINESS OPPORTUNITIES)
Overview
- Hotel
Description
A+ Locations – Temecula, La Quinta, and Palm Springs
Opportunity of a Lifetime!!
Long Term History of Profitability at ALL Locations
Available Individually or as a Portfolio
| Temecula | La Quinta | Palm Springs | Moxie – Palm Springs | |
| PRICE: | $600,000 | $186,000 | $267,000 | Included in Palm Springs location |
| ADDRESS: | 26495 Ynez Road Temecula, CA 92591 | 78430 Highway 111 La Quinta, CA 92253 | 262 South Palm Canyon Drive Palm Springs, CA 92262 | |
| LOCATION: | At the signalized entrance to Palm Plaza, near Winchester Road (Highway 79), with ADT of 83,000+ cars/day | 78430 Highway 111 (Corner of Washington Street) Prime Pad fronting Highway 111 in Plaza at Point Happy. Highest traffic count intersection in the Coachella Valley. | Location: In the HEART of the bar hopping zone. Highest food & drink sales of any block in the Coachella Valley. | |
| CONSISTS OF: | Freestanding Broken Yolk Restaurant – 6,000 SF | Freestanding Broken Yolk Restaurant – 6,484 SF plus 3,469 SF outdoor patio | Freestanding Broken Yolk Restaurant – 6,266 SF ground level and Moxie Palm Springs 5,616 SF rooftop lounge | Moxie Palm Springs – 5,616 SF rooftop lounge |
| PRICE INCLUDES: | Beer & Wine Liquor License, Broken Yolk Franchise, All FF&E, All Inventory | Beer & Wine Liquor License, Broken Yolk Franchise, all FF&E, all inventory. | Type 47 Liquor License, Broken Yolk Franchise, all FF&E, All Inventory for both restaurants/bars. | |
| Years in Business | Oct-12 | Apr-14 | Nov-16 | |
| Number of Employees | 37 | 40 | 31 | 25 |
| 2019 Sales | $2,115,584 | $1,780,076 | $1,420,929 | $1,020,534 |
| Guest Count | 128,894 | 112,747 | ||
| Franchise Fees | royalties 4% of net sales | royalties 4% of net sales | royalties 4% of net sales | n/a |
| marketing 1% of net sales | marketing 1% of net sales | marketing 1% of net sales | n/a | |
| LEASE | ||||
| Lease Commencement | 6/29/2012 | N/A Seller owns the freestanding building in La Quinta and will negotiate a new lease with multiple Options to Extend | 6/15/2016 | Included in Palm Springs location |
| Rent Commencement | 1/1/2013 | 11/15/2016 | ||
| Initial Term | 7 Years | 15 Years | ||
| Current Rent | $17,565.00 | $25,000.00 | ||
| Options to Extend | Two 7-year Options; 1 remaining | Two 5-year Options |
Address
Open on Google Maps- Address A+ Locations - Temecula, La Quinta, and Palm Springs
- City Palm Springs
- State/county California
- Area Commercial Real Estate
- Country United States
Details
Updated on January 29, 2021 at 6:34 am- Property Type: Hotel
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