Rare opportunity to own a long established restaurant with celebrity, local and tourist clientele in the seaside town of Montecito, Santa Barbara adjacent. With great reviews and a long time favorite of locals and celebrities alike. Upscale decor, ambience, food and wine. The restaurant features a warm dining room with small bar, wood burning pizza over behind bar, outdoor patio, 2 private patios, plus an additional private dining room that seats up to 40 with high ceilings and crown molding with front patio for wine reception. Subterranean parking, valet optional. Good take out sales as well. Some equipment includes: 35 Chiavari chairs, dining tables, chairs, espresso machine, wood burning pizza oven, double under counter refrigeration in bar, 12 ft hood, 2-6 burner ranges with ovens, grill, salamander, 6ft. refrigerated prep station, 3, 5 ft S/S prep tables, 8 ft S/S prep table, 8 metro racks, Baker's Pride double oven, huge Hobart bread mixer, Hobart dough mixer, True double door freezers, True triple door fridge, True double door fridge, 2 meat slicers, Rosito Bisani pasta roller/ pasta maker, Lab 250 ice cream/gelato maker, beverage cooler. dishwasher, ice maker. Owner is retiring and will train, share recipes etc. We will work with landlord to obtain a longer lease with options. Type 41 ABC license.

General Info

  • OrganizationContact For Info
  • Established1992
  • Current Owner1992
  • Employees5 full time, 4 part time
  • Reason For SaleOther Interests

Facilities

  • Seating80 inside, 40 patio
  • Square Feet3000
  • ParkingAttached lot
  • LicensesHealth Department, City License, ABC License
  • Open HoursTues-Sun 11:30am -2:30 pm, 5:30-9:30 pm Fri-Sat till 10pm Closed Monday

Lease

  • Rent$16,090
  • Expiration19-Feb
  • Yearly IncreaseContact For Info
  • OptionContact For Info
  • DepositContact For Info

Financials

  • Monthly Revenue$100,000
  • Monthly Cash Flow$12,430
  • Annual Revenue$1,200,000
  • Annual Cash Flow$149,160
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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