Hot Listing
Downtown Santa Barbara Established Restaurant for Sale (State St.)
Business Description
Established downtown Santa Barbara restaurant presents an exceptional investment opportunity on prestigious State Street. This well-positioned dining establishment has demonstrated consistent operational performance since its founding in 2013, with current ownership maintaining successful operations since 2018.
FINANCIAL PERFORMANCE:
The business generated gross sales of $530,000 in 2024 and $635,000 in 2023, providing an average owner-operator income of approximately $120,000 annually. The operation is efficiently managed by two working owners, optimizing labor costs and operational oversight.
LOCATION & FACILITIES:
The restaurant occupies approximately 3,000 square feet of prime downtown real estate at an advantageous lease rate of $8,000 monthly ($2.66 per square foot). The facility features a fully equipped commercial kitchen with 10-foot hood system, meeting all operational requirements for full-service dining. The location benefits from 90-minute complimentary public parking, enhancing customer accessibility.
OPERATIONAL STRUCTURE:
Current operating schedule includes Wednesday through Monday service from 11:30 AM to 9:30 PM, with extended hours Friday and Saturday until 9:30 PM. Tuesday closure allows for strategic operational planning and staff scheduling optimization.
INVESTMENT OPPORTUNITY:
Offered at $99,000, this turnkey operation provides immediate entry into Santa Barbara's established dining market. The business maintains an established customer base with proven revenue history, supported by comprehensive financial documentation available to qualified buyers.
The sale is motivated by ownership relocation, presenting a rare opportunity to acquire a profitable, fully operational restaurant in one of California's most desirable coastal markets.
FINANCIAL PERFORMANCE:
The business generated gross sales of $530,000 in 2024 and $635,000 in 2023, providing an average owner-operator income of approximately $120,000 annually. The operation is efficiently managed by two working owners, optimizing labor costs and operational oversight.
LOCATION & FACILITIES:
The restaurant occupies approximately 3,000 square feet of prime downtown real estate at an advantageous lease rate of $8,000 monthly ($2.66 per square foot). The facility features a fully equipped commercial kitchen with 10-foot hood system, meeting all operational requirements for full-service dining. The location benefits from 90-minute complimentary public parking, enhancing customer accessibility.
OPERATIONAL STRUCTURE:
Current operating schedule includes Wednesday through Monday service from 11:30 AM to 9:30 PM, with extended hours Friday and Saturday until 9:30 PM. Tuesday closure allows for strategic operational planning and staff scheduling optimization.
INVESTMENT OPPORTUNITY:
Offered at $99,000, this turnkey operation provides immediate entry into Santa Barbara's established dining market. The business maintains an established customer base with proven revenue history, supported by comprehensive financial documentation available to qualified buyers.
The sale is motivated by ownership relocation, presenting a rare opportunity to acquire a profitable, fully operational restaurant in one of California's most desirable coastal markets.
About the Business
- Currently Relocatable
- Yes
Real Estate
- Owned or Leased
- Leased
Listing Info
- ID
- 2441140
- Listing Views
- 562
Listing ID: 2441140 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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