69032 East Palm Canyon Dr Cathedral City, CA 92234
Profitable restaurant and catering business with Type 47 liquor license.
Source:
Cbclyle
Listing Agent: Joe Funkey
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Established Restaurant with Liquor License
This offering features a restaurant and catering business that has been successfully operating for over 25 years. The sale includes a Type 47 Liquor License, a 12-foot hood, and all furniture, fixtures, and equipment (FF&E), including two vans and a storage container. The current location encompasses approximately 4,000 square feet and is situated in the Cathedral Gateway shopping center, specifically at the northeast corner of East Palm Canyon Drive and Date Palm Drive. The restaurant provides seating for 52 patrons inside and an additional 25 on the patio. The current lease has 4 years remaining, with options for two 3-year extensions. The business reports annual sales of $1,400,000.00, with the owner's profit stated as $175,000. The business employs 7 full-time and 20 part-time staff and has a grease trap.
Location Intelligence
Current Use by Public Records
New Leaf Catering
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- Cathedral City
- County
- Riverside
- State
- California
- Longitude
- -116.460357
- Latitude
- 33.778766
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Profitable restaurant and catering business with Type 47 liquor license.
Where is this conventional restaurant located?
The property is located at 69032 East Palm Canyon Dr Cathedral City, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: - Established restaurant and catering business with a 25-year operating history.; - Includes a Type 47 Liquor License.; - High annual sales of $1,400,000.00 with an owner's profit of $175,000.
