Established Restaurant with Liquor
69032 East Palm Canyon Drive, Cathedral City, CA 92234
Profitable restaurant and catering business with Type 47 liquor license.
Type:Business For Sale
Property size:
4,000 SFPrice / SF:
$156/SF- Added:
- Mar 6, 2026
- Days on Market:
- 71
- Last Refresh:
- Apr 5 at 8:24 pm
Property Features for 69032 East Palm Canyon Drive
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Business For Sale
Listing agent Joe Funkey License #CalDRE #02227357 (760) 578-6131
Listing office (760) 578-6131
Listing date Mar 6, 2026
Source Cbclyle
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Joe Funkey
HighLights
- 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.
- Comes with all Furniture, Fixtures, and Equipment (FF&E), including a 12 ft hood, 2 vans, and a storage container.
- Favorable lease terms: 4 years remaining plus two 3‑year extension options.
- Seating capacity for 52 inside and 25 on the patio.
Overview
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.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$560.4K
NOI $50,436 @ 9.00% cap · cautious / downside scenario
Moderate
$720.5K
NOI $50,436 @ 7.00% cap · market / base-case scenario
Aggressive
$1.01M
NOI $50,436 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $18.00 |
| − Vacancy | −$4.8k | −$1.19 |
| EGI | $67.2k | $16.81 |
| − OpEx | −$16.8k | −$4.20 |
| NOI | $50.4k | $12.61 |
4,000 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$720.5K
$630.5K – $840.6K
NOI $50,436 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,883 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
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
- -116.46
- Latitude
- 33.7788
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 Drive 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.
