Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$199,000	Inventory	$10,000*
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	2003
FF&E	$180,000*	Employees	15-20

* included in the asking price

** not included in the asking price

This restaurant offers a highly visible State Street location, facing one of the largest traffic flows in Santa Barbara. A steady stream of customers flows through the Five Points Shopping Center, from offices in the nearby financial district, shoppers at the La Cumbre Mall, and from the affluent San Roque residences. Offering an outdoor patio and ample parking for customers, this restaurant has been a local favorite for several years running, with an established lunch and dinner business serving the local demographic. The owner reports consistent daily revenues in the $3000 range, and a yearly gross of approximately $1,050,000. A long term lease is approved for assignment to qualified Buyers. The owner would prefer an all cash transaction, and is moving to Los Angeles upon completion of the sale.

Attachments: Download additional information (PDF)

Facilities: This business is located in a high profile shopping center, with several anchor tenants, including Long s, Albertson s, Big 5 and Ross. An enclosed outdoor patio and ample customer parking are included. The 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 upper State Street area, this restaurant business continues to thrive on a local lunch and dinner crowd, who are used to frequenting this location after so many years in business.

Financing: Limited financing is availabe to qualified buyers!

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 owner is moving out of the country upon completion of sale.