$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

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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

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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

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!

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 |

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

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

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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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