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28724036
28724049

1800 North Palm CAnyon, Palm Springs, CA 92262

ML
CA 02002995
Coldwell Banker Commercial Lyle & Associates
SL
CA 01462012
Coldwell Banker Commercial Lyle & Associates
Listed by Coldwell Banker Commercial Lyle & Associates
$7,500,000
195 days on market
Updated 0 days ago

Billy Reed's Restaurant

Details
APN 504-320-017 & -021
Property Type Retail
Sub Type Restaurant
Square Footage 13,102
Tenancy Single
Price per SqFt $572
Year Built 1974
Year Renovated 1984
Buildings 1
Stories 1
Lot Size (SqFt) 83,635
Investment Type Value Add
Ownership Fee

50 YR ICONIC HIGH PROFIT OFFERING w/VALUE ADD OPPORTUNITIES!

Marketing description

INVESTMENT HIGHLIGHTS

  • Iconic 50-Year Brand - One of the most beloved and respected restaurants in the entire Coachella Valley.

  • Highly Profitable - Annual sales exceeding $7,000,000 with substantial upside.

  • ±13,102 SF Building on ±1.92 Acres - Located Across from 400-Room Riviera Hotel.

  • Breakfast - Lunch - Dinner - Anytime! Unique concept with massive customer loyalty.

  • Scratch Kitchen + In-House Bakery - Famous pies, cakes, and desserts.

  • Major Value-Add Opportunities - Extended hours, activate entertainment room, upgrade bar offerings, bakery retail, franchising potential, weddings & events, convert entertainment room to a speakeasy.

  • Turnkey Operation - 63 outstanding employees, including 4 managers; exceptional long-term staff.

  • 50-Year Retirement Sale - Fully documented recipes included.

  • Seller Financing Available - Flexible Terms Offered.

  • Palm Springs Growth Story - Airport + Convention Center expansions, Historic Plaza Theater reopening, Disney Cotino nearby, strong tourism growth.

PROPERTY FEATURES

  • Beautifully maintained inside & out.

  • Grand Porte-Cochere Entrance with koi & turtle pond and dramatic vestibule.

  • Large, fully equipped scratch kitchen with baking facility.

  • Spacious owner’s office with windows & views.

  • Two-car private garage for ownership.

  • Employee lounge, laundry room.

  • Full FF&E Package included.

  • Private dining room/entertainment room (currently unused).

  • Large bar area with potential for a premier craft cocktail program.

  • Designed for high-volume operations.

THE OPPORTUNITY

BILLY REED’S represents a once-in-a-generation chance to acquire:

» A powerful 50-year brand

» The real estate

» Proven high-volume operations

» A massive customer base

» A turnkey team

» Multiple clear value-add pathways

» Seller financing

» A prime Palm Springs location

» And a business that is TRULY LOVED by the community.

This OPPORTUNITY only EXISTS because the Owner is ready to retire!

Fifty years of history, goodwill, and documented recipes are ready for the next operator to build upon.

Listing Contacts

ML
CA 02002995
Coldwell Banker Commercial Lyle & Associates
SL
CA 01462012
Coldwell Banker Commercial Lyle & Associates
Listed by Coldwell Banker Commercial Lyle & Associates

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