An exceptional opportunity awaits to acquire an established, highly profitable Mexican Restaurant; serving Thousand Palms, Palm Deserts and surrounding areas. With a stellar reputation for quality food and service. This profitable business has successfully serve the area for 17 years. Restaurant Financials: Consistently profitable with strong revenue growth year-over-year. Client Base: Established, high-value menu and service Inclusions: All recipes, all kitchen equipment, cooler and BEER WINE LICENSE. Restaurant Operation: Mexican meal Seating: inside seating capacity 45 and additional seating in the patio area. Parking: open in a large commercial lot. Business Overview Location: Thousand Palms, Palm Desert and surrounding area.
80,633 SF Building on 7.51 acres. Signalized intersection. Easy access to Interstate 10 and major arterial roads. Excellent building signage including freestanding pylon signs. New Amazon Last-Mile Distribution Center next door. Amazon deployed over $40 million in capital improvements to the area and will provide $7.7 million a year in salary, benefits and revenue for the city. Previous owner invested $3 million in renovations, including polished floors, 13 new HVAC systems, Title 24 compliant LED lighting, 13 newly installed bathrooms and two broadband halos with 77 access points capable of handling up to 2,800 simultaneous Wi-Fi subscribers. Additional 28,000 square lot available for expansion. Also available for lease for $0.90/SF/MO NNN.
Courtesy: Craft & Bauer Real Estate Co.
Cathedral City is located in California. Cathedral City, California has a population of 51,836. Cathedral City is less family-centric than the surrounding county with 26.23% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Cathedral City, California is $56,671. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Cathedral City is 40.3 years.
The average high temperature in July is 107.6 degrees, with an average low temperature in January of 45.4 degrees. The average rainfall is approximately 4.8 inches per year, with 0 inches of snow per year.
