Historic Santa Barbara Restaurant & Bar w/Liquor!

Contact Seller
Asking Price:
$525,000

Gross Revenue:
$2,036,261
Cash Flow:
$150,000
EBITDA:
$150,000
Inventory:
$8,000
not included in asking price

FF&E:
$40,000
included in asking price

Share this business:

Business Description

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.

About the Business

Location:
Santa Barbara, California
Year Established:
1938
Number of Employees:
45pt
Real Estate:
Leased
Building Sq. Ft.:
3,500
Rent:
$9,700.00 Per Month
Facilities:
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 Outlook/
Competition:
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.
Growth & Expansion:
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.).
Contact the Seller

About the Sale

Reason For Selling:
Personal
Training/Support:
2 Weeks at 20 hrs/wk

Listing Info

ID:
1575032
Ad Detail Views:
0

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by
View My 115 Active Listings
Memberships:
   
Certifications:

Similar Listings


Report an Issue 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 & Conditions.