Teddy Rice is a full-service restaurant ideally situated next to UC Santa Barbara (UCSB), one of the fastest-growing universities in the region. The location benefits from consistent, built-in foot traffic from students, faculty, and staff throughout the academic year, providing a reliable and expanding customer base.
The restaurant is fully equipped and turnkey, featuring a combi oven, bingsu machine, ramen machines, multiple reach-in coolers, a walk-in cooler, freezers, and a Coke fountain system — supporting a versatile, efficient kitchen operation with room to maintain the current concept or adapt to a new one. The space spans approximately 1,600 square feet with seating for 41 guests, and the current lease includes a 2-year option with an additional 5-year option available.
Teddy Rice has shown strong recent performance, generating $60,000 in sales in April and $65,000 in May, reflecting solid month-over-month growth. The current owner is motivated to sell due to a family health matter and is offering full support through the transition, including consultation on menu and concept direction to help the new owner hit the ground running.
This is a rare opportunity to acquire a profitable, well-equipped restaurant in a high-traffic university location with room to grow.