Santa Barbara State Restaurant
Location California,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1962
Number of Employees 1 - 3
Inventory $150,000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Description Prime Downtown Santa Barbara State Street Restaurant for lease. First time on the market since 1962.
Building size is 3,253 with additional buildout avialable up to 3,000 square feet if needed.
New lease to be 5 years with two 5 year options to the succesfull operator. Available Feb. 2006.
Full on sale liquor license for sale $150,000 (extremely rare to purchase and no more avialable to put in a new location).
Several restaurants within 100 yards of this site are doing north of $2.5 million in sales per year in smaller space than the space that is being offered.
Lease rate is $5.50 per square foot NNN.
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