Santa Barbara County, CA Restaurants/Bars For Sale

Mexican Restaurant With Beer/wine - Popular, Long-established
$219,000 Cash Flow: $84,000
Mexican Restaurant With Beer/wine - Popular, Long-established

Solvang, CA

Mexican Restaurant With Beer/wine - Popular, Long-established RRC#: 2893 Asking Price: $219,000 Location: Solvang, Ventura County, California Yearly Revenue: $636,000 Yearly Cash Flow: $84,000 Monthly Rent: $4,480 LISTING DESCRIPTION: Located in the heart of the quaint town of Solvang, surrounded by the vineyards and mountains of the beautiful Santa Ynez Valley. this cozy location showcases Solvang's Old World charm, while featuring bold flavors of Mexican-inspired, California classic dishes with an imaginative flair. Customers come to enjoy the cozy dining room or patio, sip a cocktail or wine and sample a unique rendition of California's Signature cuisine. Easy to park location on a highly visible road. Beer/wine license and tenant-friendly lease terms. This rare gem of a restaurant opened its doors in 2014. The building was designed by Ferdinand Sorensen, who is known as the “father of Solvang Architecture”. The restaurant has been completely remodeled with beautiful hand-carved beams. The previous restaurant on the site had a run of nearly 40 years. Equipment includes walk-in refrigerator, walk-in freezer, flat top grill, gas dryer, 10’ hood, POS system, prep tables and much more GENERAL INFORMATION: Organization: Partnership | Year Established: 1964 | Current Owner: 2014 | Employees: 2 FT, 9 PT | Seating: 100 | Square Footage: 2000 | Parking: Public Lot | Licenses Required: health permit, ABC | Days Open/Hours: Mon-Friday 9 am - 9 pm, Sat/Sun 8 am-9 pm | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $636,000 | Yearly Cash Flow: $84,000 | LEASE INFORMATION: Monthly Rent: $4,480 | Lease Expiration: 10/2019 | Lease Option: 5 year options |