The beach side restaurant with a full bar, dining room and large wine room boasts a
customer embraced concept in the Greater Santa Barbara area. It is a local favorite
but also does a burgeoning amount of business with the tourist community as well as
denizens from neighboring cities. The nearly 10 year old venue has managed to
maintain an extraordinarily stable $2.5 ml. in gross revenues year over year.
This 3,500 square foot restaurant leases for $8,900 per month on a lease that will
expire in early 2019 with 2 five year options at fair market value. All of the business's
furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale.
Approximately $95,000 in beer, wine and liquor inventory will be sold at cost at close in
addition to asking price.
While competition exists in this popular beach side community, none would be
considered direct competitors for the type of food offered or for the bar ambiance this
venue has managed to create. The venue may be deemed the dominant “go to” dining
venue for seafood, steaks or a true higher-end yet still “beach casual” bar scene.
New operators will likely wish to carry on in the same tradition and with exact formula
that has proven successful. With that said there are several areas for cost
improvement in terms of staffing efficiencies, expenditure controls and food and drink
2 Weeks at 20 hrs/wk
The information in this
listing has been provided by
the seller or broker stated
in the contact section of
the listing profile. As
such, Restaurants For Sale
Online, LLC has no claim in
the sale of this business
and has not independently
verified any of such
information and assumes no
responsibility for its
accuracy or completeness.
before responding to any ad.