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 Info

  • OrganizationContact For Info
  • Established1981
  • Current Owner2010
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating250
  • Square Feet6036 building 1500 courtyard patio
  • ParkingLot and street
  • LicensesABC, City Business License, Health Dept.
  • Open HoursLunch Tues-Sat 11:30AM-2:00PM Dinner Tues-Thurs 5:30-9:00PM- Fri & Sat till 10PM

Lease

  • Rent$18,310
  • ExpirationJune 2030
  • Yearly Increase2-5%
  • Option1-10 year
  • DepositYes

Financials

  • Monthly Revenue$253,227
  • Monthly Cash Flow$39,503
  • Annual Revenue$3,038,727
  • Annual Cash Flow$474,039
  • 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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