Restaurant For Sale

Business Opportunity for Sale
Catylist Listing ID: 30343760
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $699,000
Name of Establishment: SHAME ON THE MOON
Year Business Established: 1985
Gross Revenue: $2,000,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash
Last Updated: 4/10/2019

Overview / Comments

WELL ESTABLISHED RESTAURANT BUSINESS FOR 25 YEARS.
LOCATED NEAR THE RITZ CARLTON AND BERNIES NITECLUB.
OWNER RETIRING. INCLUDES ALL FURNISHINGS
PLENTY OF OPPORTUNITY TO GROW
CORNER OF FRANK SINATRA AND HWY 111 IN RANCHO MIRAGE
UPSCALE EUROPEAN DESERT MENU PLUS MANY SPECIAL ENTREES
SEATS 110
EXCELLENT BAR AND PATIO AREA.

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Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Industry Segment: Restaurants
Reason for Selling: WANTS TO TRAVEL AND RETIRE
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $235,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 4500 SQUARE FOOT SUCCESSFUL RESTAURANT, SHAME ON THE MOON, SEATS 110, ALL FURNITURE, FIXTURES INCLUDED, INVENTORY PRICED SEPARATELY AT TIME OF SALE
Mgmt/Training Support Description: YES
Seller Financing Description: NO

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,012 40,778 118,283
Median Age: 60.89 48.8 45.74
Households: 1,620 17,937 49,510

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