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Matt Olufs

Compass First

License Number: 01912098

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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
  • Licensed In

    • California — License number 01912098

    Business For Sale Listings

    $890,000
    Carpinteria, CA 
    Thriving Restaurant in Carpinteria Turnkey Business with growth potential!

    This popular seafood restaurant has been a local favorite in Carpinteria, California, for over seven years. It holds both a Type 47 liquor license and a Type 58 catering permit, offering added flexibility and revenue potential.Ideally situated on a high-traffic avenue, the restaurant benefits from steady foot and vehicle flow, thanks to its proximity to schools, other businesses, a museum, library, and more; a dedicated parking lot behind the building adds to customer convenience.With low overhead and minimal staffing needs, this is a turnkey opportunity for an entrepreneur looking to step into a proven concept in a vibrant community.For more information, please contact Compass First. 

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

    Long-established and profitable retail shops, operating for decades in a highly visible waterfront location, are now available. These businesses have been a staple of the area for generations, offering a nostalgic blend of specialty goods, classic treats, and unique gifts that appeal to both locals and visitors.The property is located within a landmark tourist destination that draws millions of visitors annually. Nearby attractions include multiple dining establishments, tasting rooms, recreational services, and panoramic coastal views, ensuring steady foot traffic and consistent retail activity. Businesses in this setting rarely come to market, as they are typically family-run and consistently profitable.Tenants in this area benefit from a structured rent model based on either a base amount or a percentage of gross revenues, whichever is higher. Recent sales figures demonstrate steady performance with healthy margins.Minimal 

    $170,000
    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

    Profitable and well-established restaurant opportunity in Carpinteria, successfully operating for nearly a decade with a proven track record.Strategically located in a high-traffic neighborhood with ample parking, the restaurant consistently attracts both locals and visitors. Its diverse menu, featuring fresh and locally sourced offerings, has built strong customer loyalty and repeat business.With streamlined operations and low overhead, this turnkey venture presents an attractive opportunity for an entrepreneur or operator seeking immediate cash flow in a vibrant coastal community.For further details, please contact Compass First. 

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

    Located in a thriving Central Coast community, this well-established restaurant offers a vibrant and upbeat dining experience.Since opening in 2019, the business has earned a strong reputation for culinary creativity and a welcoming atmosphere, consistently praised for its innovative menu and commitment to quality. The focus on locally sourced ingredients ensures that every dish is fresh and full of flavor.The kitchen produces a wide range of offerings, including artisanal pizzas, gourmet burgers, seasonal salads, and indulgent desserts.The venue holds a Type 74 Craft Distillers license, allowing for the production of house-made spirits and the service of a curated selection of craft beers, wines, and cocktails — all carefully chosen to pair with the menu.The health department-approved kitchen is fully equipped with a Type-1 hood system, walk-in cooler, and top-tier appliances to support efficient operations.Guests enjoy a 

    $350,000
    Santa Barbara, CA 
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    Profitable Retail Shop

    Located in the heart of downtown Santa Barbara, this long-standing retail business has been a trusted part of the community for decades—consistently generating healthy profits for its owner since the mid-1980s.A thoughtfully curated selection of products and services keeps customers coming back, while a state-of-the-art inventory tracking system monitors individual items and their sales history. Year-over-year reporting supports efficient inventory management and strategic seasonal planning.The business is staffed by three full-time employees, in addition to the owner, who contributes approximately 8 hours per week in-store and 20 hours remotely. Independent contractors handle key functions including marketing, newsletters, the bookshop, and social media—ensuring a well-rounded operational structure.The shop enjoys a below-market lease rate in a prime downtown location, with ample parking conveniently nearby.Efficient, 

    $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

    Discover a unique business opportunity in the vibrant heart of downtown Santa Barbara. This established retail, spa, and wellness center enjoys an exceptional location on a high-traffic commercial street, benefiting from consistent foot traffic.For over a decade, this business has maintained profitability, supported by diverse income streams, including an exclusive line of Santa Barbara-made body products. The spacious 4,000 square foot facility also offers significant potential for expansion through educational classes and workshops, event rentals for occasions such as birthdays and bridal showers, and corporate retreats.Adding to its appeal, the property features a stable long-term lease, providing investment security and predictable occupancy costs.Santa Barbara's robust tourism sector and a dedicated local clientele with a strong interest in holistic wellness, luxury, and relaxation create an ideal market for this type of 

    $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. 

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    $280,000

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    $219,000

    Premiere Day Spa & Salon

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