Local & Community
Billy Reed’s Palm Springs Iconic Restaurant Listed for Sale at $7.5 Million
A Coachella Valley favorite known for its classic comfort food and loyal customer base is officially hitting the market. Billy Reed’s, the iconic 50-year-old restaurant located on North Palm Canyon Drive in Palm Springs, has been listed for sale with a price tag of $7.5 million.
The longtime owner of the restaurant is preparing for retirement, opening the door for new ownership to continue the celebrated legacy. The listing highlights Billy Reed’s as one of the region’s most respected and profitable restaurant brands, generating more than $7 million in annual sales.
The sale is a complete package and includes the business, the nearly two-acre property, the experienced team of employees, and the restaurant’s fully documented and well-protected recipes that have helped build its reputation over the decades.
Billy Reed’s has cultivated a strong local following with breakfast, lunch, dinner, and its popular in-house bakery drawing crowds throughout the year. The announcement marks a significant moment for the Palm Springs dining scene, as one of its most recognizable establishments prepares for the next chapter.
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By: NBC Palm Springs
December 6, 2025
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