Robert Hughes, a Palm Springs-based business broker and CEO of Hughes Properties, has more than two dozen restaurant listings. He and his team have sold or leased almost 35 restaurants, restaurant sites or liquor licenses in recent months throughout the desert.
That’s not unusual, given there are more than 1,300 restaurants across the Coachella Valley, he Hughes said. But in another sign the economy appears to be improving, more potential buyers are popping up exploring their next moves behind the scenes.
“There are more serious buyers out there right now,” Hughes said.