Landmark-$470,986 Income-$3,000,000 Sales-Large Courtyard-ABC Type 47

Santa Barbara County, CA

Landmark-$470,986 Income-$3,000,000 Sales-Large Courtyard-ABC Type 47
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Asking Price: Get Financing: $899,000

Cash Flow: $470,986

Gross Revenue: $3,038,727

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Landmark-$470,986 Income-$3,000,000 Sales-Large Courtyard-ABC Type 47

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Business Description

Santa Barbara Gem $470,000 Profit-Full Liquor $3,000,000 Sales!

Landmark-$470,986 Income-$3,000,000 Sales-Large Courtyard-ABC Type 47 & Special Events!

RRC#: 3090
Asking Price: Offered At $899,000
Location: Santa Barbara County
Annual Revenue: $3,038,727
Annual Cash Flow: $470,986
Monthly Rent: $18,310

Listing Description:
Multiple revenue streams with two upscale/casual concepts with ABC Type 47 full liquor license and special events under one roof, plus a beautiful 1500 sq. ft. courtyard and additional street side patio. Established in 1981. Rooms feature vaulted ceilings, beautiful wood and leather furnishings, mobile bars up lit and back lit, fireplaces and specially designed sliding doors that allow rooms to connect and overflow. Perfect for a winery, restaurant, special event venue or full bar. Established over 35 years. Featuring multiple dining rooms and bars with a warm and attractive atmosphere throughout. Can accommodate up to 200 people for special events, with 6500 sq. ft. of space. They consistently book numerous weddings and special events throughout the year. Currently serving steaks, chops, fish, pizza’s salads, burgers, desserts, wines, draft beers and craft cocktails. The main dining room with seating for 120 boasts high ceiling, a grand fireplace and mobile bars, opening up to the courtyard which accommodates up to 100 for cocktails or overflow dining. The casual restaurant with full bar is also warm and inviting with fireplace and also opens to a covered street patio with seating for 60 outside. An additional private dining room seats up to 60 people and accommodates 100 for cocktails. The 4th dining/meeting room comes complete with bar, Apple TV and private bath. The 5th room with fabulous wine storage is perfect for wine tasting, dining and can accommodate 40 people for lunch or dinner. Favorable long term lease with consistent, stable cash flow from the multi-faceted operations. Extensive equipment list. All areas easily accessed from main kitchen. Strong staff and absentee owner. Lots of potential. A Wine Spectator Award Winning Restaurant with fabulous reviews across the board. Santa Barbara full liquor licenses cost $250,000!

General Information:
Organization: Contact For Info
Established: 1981
Current Owner: 2010
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $253,227
Monthly Cash Flow: $39,248
Annual Revenue: $3,038,727
Annual Cash Flow: $470,986
Payroll: Contact For Info
Monthly Revenue: $253,227
Monthly Cash Flow: $39,248

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Teri Craft

Business Listed By:
Teri Craft

Restaurant Realty Company

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Sponsoring Broker:
Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

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