Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$295,000	Inventory	Call Agent*
Gross Income	$750,000	Real Estate
Cash Flow	Not Disclosed	Year Established	1968
FF&E	$250,000*	Employees	12-16

* included in the asking price

** not included in the asking price

This restaurant offers a highly visible location, facing one of the largest traffic counts in the area. A steady stream of customers flows through this area, including employees from the nearby businesses and local UCSB students. Several anchor tenants neighbor this location - creating a natural customer draw to the area. Their established lunch and dinner business serves mostly local residents, with steady monthly profits. A minimal advertising budget leaves ample room for a new owner to solicit sports functions, promote catering and even create simple door hangers to boost business volume.

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Facilities: Extensive seating, assigned parking for employees, and private party area have also helped make this restaurant a convenient local favorite for several years running. Ample parking makes easy access for dining with large parties. A long term lease is assignable to qualified Buyers.

Competition: Retail sales from this location have been consistent for several years. The owner reports a recent increase in non-retail revenues through on-line reservation systems, and by offering delivery to existing customers. Despite the opening of several chain restaurants in the area, this restaurant business continues to thrive on special events and a local dinner crowd, who are used to frequenting this location after so many years in business.

Financing: Seller may provide limited financing to qualified buyers.

Support/Training: Employees are fully trained and capable of fulfilling all food preparation, and customer service. Seller will provide up to 14 days or 40 hours of training on product ordering, recipes and the nuances of this location to contracted Buyers, after all contingencies have been satisfied.

Reason Selling: Owner is focusing on new business outside of the restaurant industry.