Popular Restaurant & Bar With 5 Star Reviews! Well Established

Santa Barbara, CA (Santa Barbara County)

Popular Restaurant & Bar With 5 Star Reviews! Well Established

Asking Price:$380,000

Cash Flow:$168,600

Gross Revenue:$1,079,400

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

Popular Restaurant & Bar With 5 Star Reviews! Well Established

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Business Description

Popular Restaurant & Bar With 5 Star Reviews! Well Established

Popular Restaurant & Bar With 5 Star Reviews! Well Established, Great Food, Profit & Sales

RRC#: 2599
Asking Price: $380,000
Location: Santa Barbara, Santa Barbara County, California
Yearly Revenue: $1,079,400
Yearly Cash Flow: $168,600
Monthly Rent: 7430 includes triple net

LISTING DESCRIPTION:
This unique, long standing restaurant was reinvented a few years ago and features warm and handsome furnishings throughout. With a chef driven menu, they successfully offer two slightly different concepts under one roof that flows easily. One side features a lovely restaurant with inviting dining room and patio, the other side of the building features a very popular, casual cafe and bar with dining room. Both operations are run through the kitchen centered between the two dining rooms. In addition, there are 2 semi private dining areas. Sales are close to $1,000,000 a year and increasing with 5 Star reviews on Yelp. Serving excellent food, small plates and BEER and WINE with type 41 license. Fully, well equipped kitchen with hood, walk-in, grease trap, POS and sound system. Great lease under market value. Unlimited potential! Artwork not included. Excellent landlord!

GENERAL INFORMATION:
Organization: LLC | Year Established: 2005 | Current Owner: 2010 | Seating: 98 | Square Footage: 3800 plus patio | Parking: Public parking lot next door, street parking | Licenses Required: ABC, Health Dept. | Days Open/Hours: Wed/Thurs/Sun 5:00-9:00 pm, Fri-Sat 5:00-10:00pm | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $1,079,400 | Yearly Cash Flow: $168,600 |

LEASE INFORMATION:
Monthly Rent: 7430 includes triple net | Lease Expiration: Nov 2020 | Lease Option: 2, 5 year options |

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Steven D . Zimmerman CBB, CBI

Business Listed By:
Steven D . Zimmerman CBB, CBI

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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