Business For Sale

High Income-Full Liquor-Absentee Owner

Not Disclosed, CA
Santa Barbara County

Asking Price: Annual Revenue:
$899,000 $3,038,727

Food & Beverage: Restaurants, Fast Food, Deli

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RE: High Income-Full Liquor-Absentee Owner Broker: Steve Zimmerman

Quick Facts

Asking Price: $899,000
Annual Revenue: $3,038,727
Net Profit: Not Disclosed
Cash Flow: $470,986
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 859811533
Broker Reference #: 3198

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Business Overview:

Established landmark with high revenue, good profit, full liquor and multiple revenue streams, including special events. This award wining restaurant was established in 1981 and boasts a beautiful 1500 sq. ft. courtyard and street patio. Perfect for a winery, restaurant, special event venue or full bar. Featuring multiple dining areas with a warm and attractive atmosphere throughout. Vaulted ceilings, beautiful wood and leather furnishings, mobile bars, fireplaces and specially designed sliding doors allow rooms to connect and overflow easily. With 6,500 square feet plus, courtyard and patio, they can easily accommodate up to 200 people for special events, which they consistently book throughout the year. They remain the only venue that can accommodate up to 200 people for special events and weddings other than hotels and country clubs in the area. Currently serving steaks, chops, fish, pizza’s salads, burgers, desserts, fine wines, craft beers and cocktails. The main dining room with seating for 120 boasts a high ceiling, grand fireplace and opens up to the 1,500 square feet courtyard which accommodates up to 100 for cocktails. The casual restaurant with full bar is also warm and inviting with fireplace. The covered patio comfortably seats an additional 60 people outside. Additional dining areas allow for private parties, restaurant overflow and wine tasting. Favorable long term lease with consistent, stable cash flow from the multi-faceted operations. Extensive equipment list. All areas easily accessed from main kitchen. Strong staff and absentee owner. Lots of potential. A Wine Spectator Award Winning Restaurant with fabulous reviews across the board. Santa Barbara full liquor license runs $250,000 alone.

General Information:
Organization: Inc
Established: 1981
Current Owner: 2010
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $253,227
Monthly Cash Flow: $39,248
Annual Revenue: $3,038,727
Annual Cash Flow: $470,986
Payroll: Contact For Info
Monthly Revenue: $253,227
Monthly Cash Flow: $39,248

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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