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Matt Olufs

Compass First

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compassfirst.com


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1114 State Street, Suite 313,
Santa Barbara, California 93101 (View Map)

About the Company

Commercial Broker, Multi-unit Real Estate, ABC Licensing & Leasing

Broker Biography

Introduction

With over a decade of experience in commercial real estate and business development, Matt Olufs began Compass First while seeking representation for his own business, and finding few available options. Small business structures require expertise in a number of areas, and few professionals were available who could represent the many facets of small business transitions. Compass First was created to fill this void, and provide a tenant-focused niche in the brokerage industry. As our local economies depend on the success of small business, business owners now have someone to depend on as well.

Services Provided

California's leading specialists for buying & selling a business, ABC licensing and leasing.

Areas Served

  • Santa Barbara, CA
  • Los Angeles, CA
  • Ventura, CA
  • San Luis Obispo, CA
  • Monterey, CA
  • Business For Sale Listings

    $775,000
    Carpinteria, CA 
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    Thriving Restaurant in Carpinteria

    A community favorite for more than seven years, this established Carpinteria restaurant combines steady performance with valuable licensing—holding both a Type 47 liquor license and a Type 58 catering permit, providing flexibility and additional revenue opportunities.Positioned on a busy avenue, the location benefits from strong pedestrian and vehicle traffic, supported by nearby schools, local businesses, the museum, library, and other attractions. A dedicated parking lot at the rear of the property further enhances accessibility for guests.With streamlined operations, minimal staffing requirements, and low overhead, this is a true turnkey acquisition for an entrepreneur ready to take on a proven concept in a thriving coastal market.For details, please contact Compass First. 

    $1,200,000
    Santa Barbara, CA 
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    Waterfront Retail Shop

    For the first time in years, long-standing retail businesses in a highly visible waterfront setting are available for purchase. Operated successfully for generations, these shops have become part of the local tradition—offering specialty goods, timeless treats, and distinctive gifts that resonate with both visitors and the community alike.Situated within a landmark tourist hub that welcomes millions annually, the property enjoys constant exposure and reliable foot traffic. The surrounding area features restaurants, tasting rooms, recreational activities, and sweeping coastal views—all of which contribute to the consistent retail demand. Opportunities in this location are rarely available, as most are family-held and consistently profitable.The tenancy structure provides stability, with rent calculated as either a fixed base amount or a percentage of gross revenue, whichever is greater. Recent financials confirm steady sales 

    $149,000
    Santa Barbara Co., CA 
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    Restaurant Space in Santa Barbara County

    Attractive rental rate under $2,000 per month. Ideally situated near the intersection of Highway 1 (Pacific Coast Highway) in the Santa Rita Hills AVA / Santa Rita Valley, this location enjoys steady drive-by traffic and a consistent stream of visitors. The property features a spacious parking lot, easy access, and comfortable indoor and outdoor seating.Just two miles from a popular State Park that attracts over 200,000 visitors annually, the site is also adjacent to a new residential development with more than 250 homes planned—promising strong future growth.The kitchen is fully Health Department approved and ready for immediate use. Common area restrooms are maintained by the property owner, with no maintenance responsibilities for the tenant. The location is surrounded by complementary businesses, including wineries, tasting rooms, a major retailer, and medical facilities.The restaurant is currently profitable with a loyal 

    $499,000
    Carpinteria, CA 
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    Carpinteria Restaurant in Prime Location

    This profitable restaurant has been a fixture in Carpinteria for nearly a decade, demonstrating consistent success and a strong operating history.Situated in a high-visibility neighborhood with plentiful parking, the location reliably draws both local residents and visiting patrons. The menu emphasizes fresh, locally sourced ingredients, creating a loyal customer base and steady repeat business.Designed for efficiency, the operation runs with low overhead while maintaining healthy margins. The result is a turnkey opportunity well-suited for an entrepreneur or operator seeking immediate cash flow in a lively coastal setting.For additional information, please contact Compass First. 

    $275,000
    San Luis Obispo Co., CA 
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    Dining and Distillery Concept

    Situated in a dynamic Central Coast community, this established restaurant delivers an energetic dining experience that has earned strong local support.Since opening in 2019, the business has built a reputation for culinary innovation and a welcoming environment, consistently recognized for its fresh, high-quality menu crafted from locally sourced ingredients. Signature offerings include artisanal pizzas, gourmet burgers, seasonal salads, and decadent desserts.The venue also holds a Type 74 Craft Distillers license, enabling the creation of house-made spirits alongside a thoughtfully curated beverage program of craft beers, wines, and cocktails—all designed to complement the food menu.The health department–approved kitchen is fitted with a Type-1 hood system, walk-in cooler, and premium appliances, ensuring smooth and efficient operations. Guests can also enjoy a spacious outdoor patio, perfect for open-air dining or hosting 

    $350,000
    Santa Barbara, CA 
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    Profitable Retail Shop

    In continuous operation since the mid-1980s, this long-standing retail business has become a trusted fixture in downtown Santa Barbara, consistently producing healthy profits for its owner.The shop’s carefully curated mix of products and services keeps customers returning year after year. A modern inventory tracking system records each item’s sales history, while annual reporting enables precise inventory control and effective seasonal planning.Operations are supported by three full-time employees, with the owner contributing about 8 hours per week on-site and an additional 20 hours remotely. Independent contractors manage specialized roles such as marketing, newsletters, the bookshop, and social media—creating a comprehensive support structure.The business benefits from a below-market lease in a central downtown location, with convenient parking available nearby.Efficient, profitable, and fully staffed, this turnkey operation 

    $1,100,000
    Santa Barbara, CA 
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    Vibrant Bar and Restaurant

    Discover a thriving bar and restaurant in the heart of Santa Barbara's historic downtown. This established culinary gem offers a unique blend of tradition and innovation, where exceptional food and signature cocktails are served in a setting of timeless charm.Highly regarded by the local business community and a sought-after destination for tourists, the location boasts historic architecture complemented by the beautiful greenery of nearby parks, creating an unparalleled dining atmosphere.This profitable operation features a valuable Type 47 full liquor license, a spacious health department-approved kitchen equipped with a Type-I hood system, and a solid, loyal customer base. It presents an ideal opportunity as a test kitchen for introducing new culinary concepts, whether to enhance the existing menu or to expand into late-night offerings.With a strong management team already in place, this turnkey restaurant is ready for 

    $550,000
    Santa Barbara, CA 
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    Spa & Wellness Center

    Situated in the heart of downtown Santa Barbara, this established retail, spa, and wellness business occupies a prime location on a high-traffic commercial street, ensuring steady visibility and foot traffic.Operating profitably for more than a decade, the business draws revenue from multiple streams, including an exclusive line of locally made Santa Barbara body products. The expansive 4,000 sq. ft. facility also provides room for future growth through offerings such as educational workshops, private event rentals for birthdays and bridal showers, and corporate wellness retreats.A stable long-term lease adds to the investment appeal, providing predictable occupancy costs and security for continued operations.With strong local support and Santa Barbara’s thriving tourism market—anchored by demand for holistic wellness, luxury, and relaxation—this opportunity combines proven performance with meaningful growth potential.For more 

    $375,000
    Santa Barbara, CA 
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    Type 47 ABC License - Santa Barbara

    Full liquor license - Type 47 – On-Sale General - Eating Place. Approved for use in Santa Barbara County, downtown in Census Track 9.Please contact Compass First for additional information. 

    Featured Sold Listings Listings sold on BizQuest: 21
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    $120,000

    Beer & Wine Bar

    Santa Barbara, CA

    SOLD

    $280,000

    Neighborhood Bar

    Santa Barbara, CA

    SOLD

    $219,000

    Premiere Day Spa & Salon

    Santa Barbara, CA

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