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#4214
Santa Barbara Restaurants For Sale
San Luis Obispo Restaurants For Sale

Profitable Casual American Cuisine in Beautiful Wine Country

$450,000
Profitable Casual American Cuisine in Beautiful Wine Country
This Listing is Expired

Winner of the Opentable 2014 Diner's Choice Award, this restaurant can now be yours with 30% down and an SBA loan!  Yes, the owner hit a homerun with this concept as did the great chef who dreams-up these new pallet tingling delicious flavors!  This is a 5 star restaurant with first class service, wine menu and wonderful cuisine.  The staff is highly trained, smart and professional.  With 240 reviews, most of Yelp readers give it 5 solid stars, rightfully so!  I've eaten here twice and it is well deserved. 

THE STORY: This is the owner's pride!  This was his first restaurant - he has two others - after many year in the construction business. The owner works part time in this fresh classical American cuisine that’s surrounded by an elegant yet comfortable atmosphere that’s perfect for the causal diners as well as for that special date or high-end dinner party.  Located in a revitalized downtown area of a larger city off the 101 highway in the center of wine country and just minutes from the coast, this restaurant has established a name for itself through excellent service and quality product.

THE STAFF: There currently is a general manager, executive chef and a manager to help you with this business.  It serves lunch and dinner 7 days a week and has a beer and wine license. Of course the owner's cash flow will be less if you keep the general manager in place. 

THE NUMBERS: 2014 sales should end-up in close to $1.3 million range and owner's cash flow should be about $210,000 range.  Sales have been steady and strong over the past years, as have the cost management, reflecting the quality of the people running the restaurant as well as the superior cuisine that's consistently delivered with each meal.  Once 2014 numbers are finalize, I'll update this info.

The numbers presented in this ad are from January 1, 2014 through November 8th 2014 and annualized. 

LEASE: The low rent of only $3,800 a month and the HUGE profit makes this an attractive investment that the SBA will finance with no more than 30% down depending on your qualifications and credit history. The rent factor is an unheard of 3.5%!!!

SBA LOAN: This business is qualified for an SBA Loan, but are you? Please read this artcile before investing too much time on this restaurant: http://sellingrestaurants.com/news/getting-an-sba-loan-for-a-restaurant-the-short-story-version.html

Go to sellingRestaurants dot com listing 4214 for more details including video and photos. 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Santa Barbara Restaurants For Sale
San Luis Obispo Restaurants For Sale
Lease Term:
New Long Term Lease Available
Total Monthly Rent:
$3,800

Financials

Last Year's Annual Gross:
$1,293,000
Last Year's Owner's Cash Flow:
$209,000

Operations

Liquor License:
41
# of Full-Time Employees:
10
# of Part-Time Employees:
12
Hours Open:
Daily 11am-3pm
5pm-10pm
Year Established:
2011
Hood System Type 1:
Yes

Facilities

Indoor Seating:
77
Outdoor Seating:
8
# of Parking Spots:
Downtown Street
Inside Sq. Ft.:
2,100

Highlights

  • 5 Star Restaurant
  • Great Downtown Location in Wine Country
  • Center of all Activity in Area
  • Lots of Foot traffic
  • Executive Chef Included - If He Wants to Join You
  • Seller Moving Out-of-state
  • SBA Loan Available
  • Low Rent!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 46,353
Households 5-mi
2010 Number Of Households 16,255
2010 Persons Per Household 2.68
Median House Value $355,600
Income Per Household $62,529
Businesses 5-mi
2009 Number Of Businesses 1,235
2012 Number Of Employees 26,564
2012 Total Annual Payroll $479,863,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.

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