Downtown Santa Barbara Bar for Sale
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Established downtown Santa Barbara bar and live music venue for sale in prime State Street location. Operating under this DBA since 2010, this turn-key dive bar offers exceptional versatility for owner-operators looking to continue the existing concept or renovate into their own vision.
BUSINESS HIGHLIGHTS:
• Type 48 liquor license permits beer, wine and liquor sales without food requirements
• Complete live music setup with light and sound systems
• All permits in place including Dance Permit
• 13-camera security system included
• Owned equipment: walk-in cooler, fridges, ice machine
• Revenue-generating amenities: 2 pool tables
• 6-tap draft system with glycol cooling
• 2,300 sq ft of operational space
LOCATION ADVANTAGES:
Situated on the revitalized 400 block of State Street, steps from Santa Barbara's beach and theatre district. The area is experiencing significant growth with new quality restaurants (Manifatura, Siam Street Food) and established businesses like Shaker Mill driving increased foot traffic. UCSB's recent property acquisition for expected housing development and the Downtown Santa Barbara organization's enhanced focus on the area further strengthen the location's prospects.
FINANCIALS:
Asking Price: $525,000
Lease: $8,222/month through January 2029
The current owners, who operate another successful bar nearby, are focusing on expansion of their other brand and offer post-sale support to ensure smooth transition. This presents an excellent opportunity to acquire an established venue with proven operational systems in one of Santa Barbara's most desirable entertainment districts.
Whether maintaining the current dive bar/live music format or implementing a new concept, this location offers the infrastructure, permits, and prime positioning for immediate operation and future growth in Santa Barbara's thriving downtown corridor.
BUSINESS HIGHLIGHTS:
• Type 48 liquor license permits beer, wine and liquor sales without food requirements
• Complete live music setup with light and sound systems
• All permits in place including Dance Permit
• 13-camera security system included
• Owned equipment: walk-in cooler, fridges, ice machine
• Revenue-generating amenities: 2 pool tables
• 6-tap draft system with glycol cooling
• 2,300 sq ft of operational space
LOCATION ADVANTAGES:
Situated on the revitalized 400 block of State Street, steps from Santa Barbara's beach and theatre district. The area is experiencing significant growth with new quality restaurants (Manifatura, Siam Street Food) and established businesses like Shaker Mill driving increased foot traffic. UCSB's recent property acquisition for expected housing development and the Downtown Santa Barbara organization's enhanced focus on the area further strengthen the location's prospects.
FINANCIALS:
Asking Price: $525,000
Lease: $8,222/month through January 2029
The current owners, who operate another successful bar nearby, are focusing on expansion of their other brand and offer post-sale support to ensure smooth transition. This presents an excellent opportunity to acquire an established venue with proven operational systems in one of Santa Barbara's most desirable entertainment districts.
Whether maintaining the current dive bar/live music format or implementing a new concept, this location offers the infrastructure, permits, and prime positioning for immediate operation and future growth in Santa Barbara's thriving downtown corridor.
About the Business
- Years in Operation
- 16
- Employees
- 8 Part-time
- Facilities & Assets
- Whiskey Richards is currently a dive bar/band venue with a couple pools tables making it a great spot for locals and tourists. We have a walk-in cooler that can handle our range of bottled beer and 6 handle draft system as well as other mixers and garnishes for our full bar offering.
Our ice machine fits in the office that also holds the glycol machine for the draft system and monitoring system for our 14 security cameras.
Our ATM and Juke Box are handled by a company so we don't have to worry about service or compliance issues.
We own all light, sound and stage equipment as well as the pool tables that are a good generator of revenue.
Bathrooms and liquor room/electrical room are in the back of the building with an efficient layout to maximize capacity (220 people) and efficiency of flow. - Website
- https://www.whiskeyrichards.com/
- Market Outlook / Competition
- The 400 block of State Street is seeing a resurgence with new restaurants (Manifatura and Siam Street Food) drawing volume and quality crowds. Existing businesses like Shaker Mill also elevate the block. Recently we also have seen UCSB buy property on the 400 block that we are expecting that they develop into housing. Another new neighbor is the Downtown Santa Barbara organization which has elevate the focus and cleanliness of the block. We don't see anyone as competition, more as partners to drive the development of the area. The 500 block of State Street has long been the party place for SB, so we feed off them as well.
- Opportunities for Growth
- Totally up to a new owner. Whether they double down on the Whiskey Richards brand or renovate the space into a new concept, the bones and the history of this spot are epic. This location is central to Santa Barbara; whether you are enjoying the beach or taking in a show at one of our many theatres, 435 State is within walking distance.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,300
- Rent
- $8,222.00 per month
About the Sale
- Seller Motivation
- We are very focused on the expansion of our other brand and are looking to pass
- Transition Support
- We own another bar down that street that we are focusing on the expansion of. We are in the neighborhood to support a new owner in any way they need while they find their feet
Listing Info
- ID
- 2501450
- Listing Views
- 80
Listing ID: 2501450 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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