$399,000

Charming Bistro and Bar

Restaurant / Bar Santa Barbara $175,000 FF&E Type 47 ABC License 1,700 ft2

Complete NDA

This beautiful corner bistro presents an exciting opportunity for prospective restaurant owners in Santa Barbara.

Located in the charming and busy shopping district of the downtown area, this bistro’s location has an outdoor patio facing pedestrian traffic on State Street, making it an attractive destination for drop-in dining. The inside boasts Italian tile flooring and high, open-air ceilings. With parking available in a nearby public lot, this attractive and stylish restaurant space attracts plenty of tourist foot traffic, with diners from the immediate financial district, as well as outlying areas.

This bistro was established in 2011 and has a capacity of 90 patrons. At a manageable 1,700 square feet, the selling price of $399,000 is very competitive for full kitchen locations with a Type 47 ABC license. Additional storage and a wrap-around outdoor patio increase the square footage without increasing the selling price. A competitive long-term lease with below-market rent is also available.

The asset sale includes all tenant improvements, furniture, fixtures, equipment, and additional inventory with a total value over $175,000. The Type 47 full liquor license is available separately, for an additional cost. The kitchen includes a Type I hood system, City of Santa Barbara approved grease trap, and meets with all health department regulations.

The seller has agreed to offer 30 days of training, and is willing to sell the restaurant assets separately from the ABC license.

Contact Compass First today to discuss the details of this exciting opportunity, and to schedule a behind-the-scenes tour.