Established landmark with high revenue, good profit, full liquor and multiple revenue streams, including special events. This award wining restaurant was established in 1981 and boasts a beautiful 1500 sq. ft. courtyard and street patio. Perfect for a winery, restaurant, special event venue or full bar. Featuring multiple dining areas with a warm and attractive atmosphere throughout. Vaulted ceilings, beautiful wood and leather furnishings, mobile bars, fireplaces and specially designed sliding doors allow rooms to connect and overflow easily. With 6500 sq. ft. plus, courtyard and patio, they can easily accommodate up to 200 people for special events, which they consistently book throughout the year. They remain the only venue that can accommodate up to 200 people for special events and weddings other than hotels and country clubs in the area. Currently serving steaks, chops, fish, pizza's salads, burgers, desserts, fine wines, craft beers and cocktails. The main dining room with seating for 120 boasts a high ceiling, grand fireplace and opens up to the 1500 sq. ft. courtyard which accommodates up to 100 for cocktails. The casual restaurant with full bar is also warm and inviting with fireplace. The covered patio comfortably seats an additional 60 people outside. Additional dining areas allow for private parties, restaurant overflow and wine tasting. 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. Lots of potential. A Wine Spectator Award Winning Restaurant with fabulous reviews across the board. Santa Barbara full liquor license runs $250,000 alone.

General Info

  • OrganizationInc
  • 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$39,248
  • Annual Revenue$3,038,727
  • Annual Cash Flow$470,986
  • 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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