Tupelo Data Room
Bars, Pubs & Taverns
Active

Turn-Key Upscale Cocktail Lounge (Type-48) — Stunning Buildout

Palm Desert, Riverside County, California, United States
listing image
Asking Price$285k
Revenue-
EBITDA-
Cash Flow$100
Description
This turn-key cocktail lounge has been serving up classic libations since 2019 in a beautiful ~2,200 sq. ft. space where no expense was spared. The venue features high-end finishes in a high-end location, creating a premium guest experience that’s ready for the next owner to scale. This is a Type-48 licensed operation, so no food is necessary, keeping labor and complexity down while supporting strong margins. The Story (Why It’s Available) The owner built a truly beautiful bar and opened to great acclaim and strong early sales, but ultimately underestimated the time commitment and the distance separating the business and home (~120 miles). As a result, the business has operated as a weekend-only concept for the past two years, and sales have steadily declined due to limited hours and remote ownership. This business needs local ownership. With a local owner-operator (or an engaged local absentee owner), this lounge can be repositioned and scaled into a standout performer with very attractive margins. Key Highlights Established since 2019 ~2,200 sq. ft. luxury space with high-end buildout Type-48 license (no food required) Prime/high-end location Proven revenue history with significant upside from expanded hours Currently weekend-only operation (major growth lever) Revenue History (Seller-Provided) 2022 Sales: $743,000 (open ~3 days/week) 2023 Sales: $670,000 (open ~2 days/week) 2024 Sales: $620,000 (open ~2 days/week) 2025 Sales (thru Oct 31): $260,000 (open ~2 days/week) Note: For the past 2 years, the business has been a weekend operation ONLY due to the owner living far away. Operations Snapshot Hours: Weekend-only (currently ~2 days/week) Staffing: Fully staff-run / absentee owner Ideal Buyer: Local owner-operator (reduce overhead by replacing manager salary and drive consistent growth) Growth Opportunities (Big Upside) Expand Operating Days Only open weekends. Adding even 2–3 additional days can drive immediate revenue growth, improve regular traffic, and strengthen repeat business. Owner-Operator Model A local owner-operator can save on manager costs, increase oversight, improve service consistency, and boost profitability. Lease Optimization Opportunity to sign a new lease at market rates (terms/availability subject to landlord approval). This can materially improve the cost structure. Marketing + Events (Optional Add-Ons) Local engagement, loyalty programs, private events, curated tastings, and partnerships can add profitable revenue streams without changing the concept. Facilities Size: ~2,200 sq. ft. Condition: High-end finishes and premium buildout Location: Upscale / high-end area (exact location confidential) Included in Sale (Customize as needed) Type-48 license transfer (subject to approval) Furniture, fixtures & equipment (FF&E) (list available upon request) Brand assets, recipes/menu, vendor relationships (if applicable) Training/transition support to ensure smooth handoff Reason for Sale Owner lives ~120 miles away and the business requires local ownership to operate at its full potential. Confidentiality Business is being marketed confidentially. NDA required for exact location, lease terms, financial details, and a full asset list. Next Steps / Call to Action Inquire to receive a confidential overview, financial details, and to schedule a private showing for qualified buyers.
Real Estate
Rent is $7,000 per month
Building Size: 2200 sq. ft.
Business is
Absentee Owner
Reason Selling
Owner lives too far
Financing Options
Seller financing is available.Depending on offer and buyer experience
Related Categories
Bar for Sale
Business for Sale in California
Asking Price$285k