High-end Santa Barbara Restaurant with Great Reputation is Relocating

This beautiful, upscale, recently remodeled space houses a critically acclaimed restaurant in the heart of Santa Barbara�s downtown dining district. The owners are relocating to another county, leaving behind over $400K worth of new equipment, furniture, and fixtures. In 2005 the property was stripped and rebuilt (including electrical wiring and plumbing) with eco-friendly measures and materials, making it energy-efficient and water-efficient. The 1400 sq ft space seats 40 inside with room for 10 more seats on the 100 sq ft back patio. The modern decor of grey banquettes, brown leather chairs, and blond wood flooring lends itself to any type of cuisine. The current owner serves high-end New American fare with recipes utilizing organic produce from area farmers. There are 1-1/2 years remaining on the lease with a 3-year option for renewal (rare in this busy section of Santa Barbara that boasts 4 other restaurants on the same street and a fancy hotel nearby). A type 41 beer and wine license is included in the sale price of 399K (the long, dark wood, marble-topped L-shaped bar is piped to dispense all types of liquor). The current owner brings in an average of $41K of sales per month with 3 full-time employees and 4 part-timers (they are only open for 4-1/2 hours of dinner 6 nights per week). Beer and wine make up 26% of gross sales. The rent is $3150/month including CAM. A parking garage nearby allows plenty of visitors to stroll the charming neighborhood and be drawn in by the arched windows of this 2-year-old restaurant in beautiful condition. Submit the online confidentiality agreement in order to receive this restaurant's name and address. Completing the confidentiality form also entitles you to view additional photos and receive advance notice of new listings in your area so you can digest all the hottest bites first.

Demographics

Population	5-mi
2014 Total Population	0
Households	5-mi
2010 Number Of Households	0
2010 Persons Per Household
Median House Value	$0
Income Per Household	$0
Businesses	5-mi
2009 Number Of Businesses	0
2012 Number Of Employees	0
2012 Total Annual Payroll	$0

click for more demographic info

Disclaimer