Business For Sale

Historic Santa Barbara Restaurant & Bar w/Liquor!

Santa Barbara, CA
Santa Barbara County


Asking Price: Annual Revenue:
$525,000 $2,036,261

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Historic Santa Barbara Restaurant & Bar w/Liquor! Broker: Ryan Clark

Quick Facts

Asking Price: $525,000
Annual Revenue: $2,036,261
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1983
Employees: 45
BBN Listing #: 45334929
Broker Reference #: Staticon

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Business Overview:

This historic Santa Barbara restaurant and bar is available for acquisition for the first time in decades. The venue boasts a prime location with stable annual revenues and a diverse income stream. Due to its historic goodwill, coupled with its excellent street access and visibility, the venue does not rely on advertising to gain name recognition.

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

The 3,500 square foot facility has a spacious outdoor patio. It leases for $9,700 per month on a lease until 2019 with four 5 year options.

Market Competition and Expansion:

While Santa Barbara has a number of hospitality options competing at a high level, few are able to match the storied history this venue enjoys. Its ambiance, style and character truly set it apart while its near landmark status cannot be matched. New operators will not likely wish to modify an already proven winning formula. Rather, they may prefer to focus their efforts on optimizing operating efficiencies and bolstering the venue’s promotional initiatives and alternate revenues streams (e.g. take-out, delivery, catering, special events, etc.).

Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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