Spectacular Location

Santa Barbara, CA (Santa Barbara County)

Spectacular Location
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Asking Price: $450,000

Cash Flow: N/A

Gross Revenue: $3,700,000

EBITDA: N/A

FF&E: $142,000

Inventory: $9,000*

Established: 1967

*not included in asking price.

Spectacular Location

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Business Description

Spectacular Santa Barbara Restaurant Location

Established restaurant & bar with spectacular views in prime Santa Barbara location. Year round local and tourist traffic are drawn to the bustling bar scene plus options for casual or fine dining. A multi-level design with both indoor & outdoor spaces are perfect for hosting private events, live music, mixers and so much more!

Included with location is a Type 47 license that allows for alcohol service until 2am. Type 58 catering add-on option will allow for off-site sales for special events.

Existing on site are two fully equipped and expansive kitchen spaces plus multiple staff service stations. Kitchen includes several Type I hood systems, separate walk-in coolers dedicated to keg and food storage and an in-ground grease trap.

Healthy and consistent annual revenues for the past three years. This is a rare opportunity to be a significant part of one of Santa Barbara's most desired districts!

Please contact Compass First for additional details.

Detailed Information

Location:
Santa Barbara, CA
Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Best location in Santa Barbara!
Support & Training:
Yes. 30 days.
Reason for Selling:
Owner retiring.
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Matt Olufs

Business Listed By:
Matt Olufs

Compass First

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