| Asking Price |
$325,000 | Inventory |
$5,000* |
|---|---|---|---|
| Gross Income |
$365,000 | Real Estate |
|
| Cash Flow |
$120,000 | Year Established | 1988 |
| FF&E |
$30,000* | Employees | 5 - pt |
* included in the asking price
** not included in the asking price
This Is A Rare Chance For Bar Buyers To Purchase A Bar with a Net Profit of 120,000 / yr. As A Successful Neighborhood Bar, The Business Itself Is Very Low Maintenance - No College Kids Or Dance Permits To Deal With. The Owner's Daily Hours Are Limited To Verifying Revenues And Supervising Maintenance Teams, All Accomplished Before Noon. Employees Cover All The Evening Hours. Rather Than Focusing On The Tourist Traffic In Santa Barbara, Business Revenues Stem From Local Residents And Are Very Consistent, With No Significant Highs Or Lows. Don't Miss Out On This Rare Opportunity with a very easy business model and perfet books!
Attachments: Download additional information (PDF)
Facilities: This business sits very close to a residential neighborhood, where several devoted customers live and work close by.
Competition: This business offers the only neighborhood drinking venue for local patrons, within walking distance to a large suburban area making this a local favorite.
Growth/Expansion: The business has thrived on simply being open for several years running. Offering special events, sports packages, biliiard leagues, karaoke and sponsoring softball teams are just a few ideas to drive revenues to the next level.
Financing: Seller would prefer an all cash transaction. Limited financing is available.
Support/Training: Seller will provide up to 30 days of training, after Buyer has removed all contingencies.
Reason Selling: Seller plans to move after the sale, and devote more time to his family.

Matt Olufs
805-886-2919
Compass Commercial
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