Retail - Restaurants | Retail - Other Eating & Drinking Places

$Seller Financing Available

Asking Price	$205,000	Inventory	$3,500*
Gross Income	$480,000	Real Estate
Cash Flow	Not Disclosed	Year Established	1976
FF&E	$40,000*	Employees	6-9

* included in the asking price

** not included in the asking price

Established and profitable since 1976, this Deli has thrived on local breakfast / lunch crowds for decades. The owners require little to no advertising - their large portions and below market pricing draw a steady and dependable client base. Only 1/2 block off State Street in the historic Plaza, their high profile location caters to offices in the nearby "Financial District", which brings bankers, attorneys and city and county workers to their front doors. Summer business increases through partnerships with Santa Barbara coach tours, and tourists browsing the many retail shops surrounding the deli. This location is a favorite for daily meetings, office catering, and lunch on-the-go, offering a large outdoor patio (with no City seat charge), and two adjacent city lots that provide ample parking for new customers. The owners take pride in serving only the best cooked meals, coffees and pastries; coupling this with talented wait staff and daily homemade specials to make each visit unique and memorable.

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Facilities: This business offers a prime location in the heart of downtown. Surrounded by numerous destination shops and boutiques, and only block from State Street, this location attracts business from locals and tourists alike.

Competition: Retail sales from this location have been consistent for several decades. Despite the opening of many restaurants in the La Arcada Court , this business continues to thrive on a local breakfast and lunch crowd, who are used to frequenting this location after so many years in business. The concept focuses on home-cooked food and friendly service with reasonable prices, while providing a historic destination.

Growth/Expansion: Expansion possibilities include outside deliveries (which currently makes up about 25% of their business), and an expanded marketing program to promote daily specials.

Seller Financing Available: Yes

Financing: An all cash transaction is preferred, owner would consider limited financing.

Support/Training: Employees are fully trained and capable of fulfilling all food preparation, and customer service. Seller will provide up to 30 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: The seller is focusing on other ventures, and would prefer an all-cash transacti