Business For Sale

$388,000 Income-restaurant Bar & Special Event

Santa Barbara, CA
Santa Barbara County


Asking Price: Annual Revenue:
$1,100,000 $3,038,724

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: $388,000 Income-restaurant Bar & Special Event Broker: Steve Zimmerman

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $3,038,724
Net Profit: Not Disclosed
Cash Flow: $387,792
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 549311533
Broker Reference #: 3039

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

$388,000 Income-restaurant Bar & Special Event Venue-full Liquor $3.7m Sales! Courtyard Plus Patio

RRC#: 3090
Asking Price: $1,100,000
Location: Santa Barbara County, Santa Barbara County, California
Yearly Revenue: $3,038,724
Yearly Cash Flow: $387,792
Monthly Rent: $18,310

LISTING DESCRIPTION:
Historic Santa Barbara County Culinary & Wine Landmark! Established over 37 years ago. Recognized by Wine Spectator with Award of Excellence! The only venue in the area other than a hotel to accommodate up to 200 people for special events, with 6500 sq. ft. of dining/bar capacity plus a beautiful 1500 sq. ft. courtyard. Current operator runs a fine dining restaurant with seating for 120 in a glorious, high ceiling room with grand fireplace and mobile bars, opening up to the courtyard which accommodates up to 100 for cocktails plus a popular casual restaurant with full bar opening to a street patio with seating for 60 outside. There is an additional private dining room that seats up to 60 people and accommodates 100 for cocktails. The 4th dining/meeting room comes complete with bar, Apple TV and private bath. There is also the long standing wine tasting room which can serve as an additional dining or private event space or a wine store. Wine tasting sales add an additional $700,000 in revenue. Rooms feature vaulted ceilings, beautiful wood and leather furnishings, mobile bars up lit and back lit, fireplaces and specially designed sliding doors that allow rooms to connect and overflow. Perfect for a winery, restaurant, special event venue or full bar with a type 47 ABC license. 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. Great landlord. Upside to income!

GENERAL INFORMATION:
Organization: Corporation | Year Established: 1981 | Current Owner: 2010 | Seating: 250 | Square Footage: 6036 building 1500 courtyard patio | Parking: lot and street | Licenses Required: ABC, City Business License, Health Dept. | Days Open/Hours: Lunch Tues-Sat 11:30AM-2:00PM Dinner Tues-Thurs 5:30-9:00PM- Fri & Sat till 10PM | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $3,038,724 | Yearly Cash Flow: $387,792 |

LEASE INFORMATION:
Monthly Rent: $18,310 | Lease Expiration: June 2030 | Yearly Adjustment: 2-5% | Lease Option: 1-10 year | Security Deposit: Yes |

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!