Palm Springs, CA

Billy Reed’s, a popular and loved Palm Springs dining institution has been put up for sale. The 50-year-old restaurant, located on North Palm Canyon Drive in Palm Springs, is listed at $7.5 million as its longtime owner prepares for retirement.

The sale includes the entire operation: the business, the nearly two-acre property, the full team of employees, and the restaurant’s meticulously documented and closely guarded recipes that have helped define its reputation since opening in 1975. According to its listing with Coldwell Banker Commercial, Billy Reed’s generates more than $7 million in annual sales, positioning it as one of the region’s most profitable and enduring restaurant brands.

The listing signals a rare opportunity for a buyer to take over a Palm Springs landmark with a well-established local and tourism-driven customer base—ensuring the next owner will inherit both a historic property and a thriving business model.

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