Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$100,000	Inventory	$25,000*
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	2003
FF&E	$175,000*	Employees	12

* included in the asking price

** not included in the asking price

The owner invested over $2.5 million in the renovation and restoration of this historic venue, paying careful attention to every detail, including a full-sized chef's kitchen with ample room for catering, imported trim and wood work for the dining areas, fully refinished wood flooring, handmade bar area and elegant accent lighting throughout. The convenience of an adjacent parking lot and multiple dining choices for customers, coupled with an impressive front-and-back of the house design, present a restaurant location awash with amenities unmatched in Santa Barbara. *Note - Please fill out attached form and fax to our office for more details on our listings.

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Facilities: Beautifully remodeled in contemporary design, the owners revitalized this historic building with over $2.5 million in improvements. The build out features a full bar & lounge area, private dining room, a five-star stainless kitchen, and approved architectural plans for an outdoor patio to include a full bar - making it the 2nd largest approved patio area in the city. Monthly rent negotiated to $8,000 Gross - call for details!

Competition: Santa Barbara boasts more restaurants per capita than many major cities. Although a wide variety of cuisine is available to the discerning palate, establishments offering a fine dining experience in the downtown area number less than 10. This location, just one block from State Street, includes a lounge component as well - the perfect place to experience a delicious meal and that first cocktail before vanishing into the nearby night life.

Growth/Expansion: Architectural plans for an outdoor patio expansion are fully permitted and approved through the City of Santa Barbara, including an outdoor bar, and doubling the seating capacity. Downtown venues with outdoor patios and a full liquor license are rare in Santa Barbara. Buyers can enjoy this competitive advantage for walk-in clientele, while outsourcing additional business through the large and remodeled catering kitchen.

Financing: financing is available to prospective Buyers - call for details.

Support/Training: Asset sale only. Essential training as to the nuances of the location will be performed at close of escrow.

Reason Selling: Seller pursuing other opportunities, outside of the food service industry.