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Outstanding Multi-faceted Restaurant, Bar-wine Tasting & Special Event Venue-full Liquor $3.7m Sales

Santa Barbara, California : Restaurants
Listing #3039

Outstanding Multi-faceted Restaurant, Bar-wine Tasting & Special Event Venue-full Liquor $3.7m Sales RRC#: 3039 Asking Price: $1,195,000 Location: Santa Barbara County, Santa Barbara County, California Yearly Revenue: $3,038,724 Yearly Cash Flow: $375,900 Monthly Rent: $18,310 LISTING DESCRIPTION: Historic Santa Barbara County Culinary & Wine Landmark! Established over 37 years ago. Recognized by Wine Spectator with Award of Excellence! The only venue in the area other than a hotel to accommodate up to 200 people for special events, with 6500 sq. ft. of dining/bar capacity plus a beautiful 1500 sq. ft. courtyard. Current operator runs a fine dining restaurant with seating for 120 in a glorious, high ceiling room with grand fireplace and mobile bars, opening up to the courtyard which accommodates up to 100 for cocktails plus a popular casual restaurant with full bar opening to a street patio with seating for 60 outside. There is an additional private dining room that seats up to 60 people and accommodates 100 for cocktails. The 4th dining/meeting room comes complete with bar, Apple TV and private bath. There is also the long standing wine tasting room which can serve as an additional dining or private event space or a wine store. Wine tasting sales add an additional $700,000 in revenue. 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 with a type 47 ABC license. 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. Great landlord. Upside to income! GENERAL INFORMATION: Organization: Corporation | Year Established: 1981 | Current Owner: 2010 | Seating: 250 | Square Footage: 6036 building 1500 courtyard patio | Parking: lot and street | Licenses Required: ABC, City Business License, Health Dept. | Days Open/Hours: Lunch Tues-Sat 11:30AM-2:00PM Dinner Tues-Thurs 5:30-9:00PM- Fri & Sat till 10PM | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $3,038,724 | Yearly Cash Flow: $375,900 | LEASE INFORMATION: Monthly Rent: $18,310 | Lease Expiration: June 2030 | Yearly Adjustment: 2-5% | Lease Option: 1-10 year | Security Deposit: Yes |

Asking Price:

$1,195,000

Gross Income:

$3,038,724

(last 12 months)
Cash Flow:

$375,900

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Outstanding Multi-faceted Restaurant, Bar-wine Tasting & Special Event Venue-full Liquor $3.7m Sales

RRC#: 3039
Asking Price: $1,195,000
Location: Santa Barbara County, Santa Barbara County, California
Yearly Revenue: $3,038,724
Yearly Cash Flow: $375,900
Monthly Rent: $18,310

LISTING DESCRIPTION:
Historic Santa Barbara County Culinary & Wine Landmark! Established over 37 years ago. Recognized by Wine Spectator with Award of Excellence! The only venue in the area other than a hotel to accommodate up to 200 people for special events, with 6500 sq. ft. of dining/bar capacity plus a beautiful 1500 sq. ft. courtyard. Current operator runs a fine dining restaurant with seating for 120 in a glorious, high ceiling room with grand fireplace and mobile bars, opening up to the courtyard which accommodates up to 100 for cocktails plus a popular casual restaurant with full bar opening to a street patio with seating for 60 outside. There is an additional private dining room that seats up to 60 people and accommodates 100 for cocktails. The 4th dining/meeting room comes complete with bar, Apple TV and private bath. There is also the long standing wine tasting room which can serve as an additional dining or private event space or a wine store. Wine tasting sales add an additional $700,000 in revenue. 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 with a type 47 ABC license. 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. Great landlord. Upside to income!

GENERAL INFORMATION:
Organization: Corporation | Year Established: 1981 | Current Owner: 2010 | Seating: 250 | Square Footage: 6036 building 1500 courtyard patio | Parking: lot and street | Licenses Required: ABC, City Business License, Health Dept. | Days Open/Hours: Lunch Tues-Sat 11:30AM-2:00PM Dinner Tues-Thurs 5:30-9:00PM- Fri & Sat till 10PM | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $3,038,724 | Yearly Cash Flow: $375,900 |

LEASE INFORMATION:
Monthly Rent: $18,310 | Lease Expiration: June 2030 | Yearly Adjustment: 2-5% | Lease Option: 1-10 year | Security Deposit: Yes |


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