125 E Tahquitz Canyon Way
Palm Springs, CA 92262 Downtown Palm Springs

Oscar's Downtown Palm Springs Restaurant Operations for Premier Bar, Restaurant & Entertainment Center

RRC# 5114  
Location:  125 E Tahquitz Canyon Way # 107 &108

Description:
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.

Financial Information:
Monthly Revenue: $114,500 
Monthly Cash Flow: Contact For Info
Annual Revenue: $1,374,000
Annual Cash Flow: Contact For Info 

General Info:
Ownership:  Sole Proprietorship
Established: 2013
Employees:  Contact For Info
Reason For Sale: Other Interests
Monthly Rent: To Be Negotiated

Facilities:
Square Feet:  15,000 Including Club
Seating:  250
Parking: Street
Licenses:  Contact For Info
Days/Hours of Operation: Daily 5.30pm - 9.30pm Weekends all day from 9.00pm