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High Income-Landmark Beachside Santa Barbara Restaurant w/Full Liquor License & Seaside Dining!
Once-in-a-Lifetime Opportunity to Own a High-Volume, Landmark Beachfront Restaurant with Full Liquor License
Turnkey Beachfront Restaurant in Santa Barbara – Profitable & Established
This highly successful, turnkey restaurant has been a staple of the Santa Barbara beachfront for over 50 years. Offering breathtaking ocean views, it features a full liquor license, a covered outdoor patio, and year-round oceanfront dining. Guests enjoy breakfast, lunch, dinner, and cocktails, with an additional takeout snack bar for convenience.
A seamless and well-managed operation, the restaurant is fully staffed, including five managers, allowing the owner to work just 20 hours per week. Its prime, high-visibility location attracts both locals and tourists year-round, generating over $3.8 million in annual sales and over $700,000 net income.
The diverse menu includes burgers, sandwiches, salads, seafood, chicken, tacos, breakfast items, and more. The restaurant accommodates up to 180 guests across patio and beachfront seating areas. The spacious patio features 28 tables (with room for more), radiant heating for year-round comfort, and seasonal tarps for weather protection. Inside, a bar area offers counter seating.
The well-equipped, high-volume kitchen includes:
✔ Walk-in cooler & freezer
✔ Hooded cook line with griddle, grill, double fryer & 6-burner stovetop
✔ Three prep stations & refrigerated chef’s drawers
✔ Aloha POS system with 4 tablets
✔ Liquor storage, dishwashing area & bar with walk-up window
✔ Separate walk-up takeout window for food, beverages & ice cream
✔ Dedicated delivery area with a large storage shed
Recent upgrades include fresh paint, landscaping, plumbing, sewer lines, and floor drains. Additional amenities include a full security system, outdoor radiant heaters, a water filtration system, and a premium sound system. The sale includes all necessary equipment—blenders, coffee makers, ice machines, tables, chairs, bar stools, dinnerware, and more.
This is a rare opportunity to own a highly profitable beachfront restaurant in a prime Santa Barbara location.
SBA pre-approved for financing for a well-qualified restaurant operator with 10-20% cash down. Only experienced restaurant operators need inquire.
Listed for $2,900,000
Listed By: Teri Craft
Background information
Reference:
beachrestbar
Year established:
1997
Reason selling:
Retirement
Finance
Sales:
$3,812,076
Profits:
$749,965
Profit type:
Net Income
Operations
Employees:
The restaurant is managed by a dedicated team, with the owner working a maximum of 20 hours per week. The staff includes 40 employees in the winter and approximately 60 in the summer. Management consists of five managers: one full-time at an annual salary of $70,000, another at $60,000 per year, and three earning $30 per hour.
Equipment:
6 burner stove top with oven, flat griddle, char broiler, salamander, 2 deep fryers, 2 refrigerated drawers, 3 refrigerated prep stations, 2 refrigerated reach in merchandising refrigerators, 2 door freezer, 2 ice cream freezers, cappuccino machine, 2 Robot Coupes, deli slicer, pearl ice machine, water softner, 2 coffee makers, ice tea maker, Aloha POS system with 4 terminals, water filtration system, sound system, security system, 15’ x7.5’ walk-in cooler, walk-in freezer, LB premier 170 heater, 2 overhead patio heaters. Patio tables, chairs, bar stools, dinnerware, pots, pans, utensils, glassware, bar glass racks.
Inventory:
Included in the sale price.
Premises
Facility:
This 5,095 sq. ft. beachfront restaurant boasts a spacious covered patio and an expansive dining area on the sand, accommodating between 150 and 180 guests. The property is well-maintained and has been upgraded throughout, featuring fresh paint, newer plumbing, sewer, and drain lines. It comes fully equipped with a security system, alarm, and sound system. Additional amenities include a large storage shed and exclusive delivery access.
Square footage:
5,095
Rent and lease terms:
The monthly base rent is $15,488.05 during the winter months and $23,278.80 in the summer, plus a percentage rent of 10% on gross receipts up to $1,250,000 and 11.4% on amounts exceeding that threshold. The lease is set to expire on May 30, 2029, with one five-year renewal option available. Annual rent typically amounts to $375,000 or more.
Location:
Dream location! It does not get any better than this!
Opportunities
Growth:
Ability to operate extended hours.
Market:
This restaurant consistently performs well.
Price and terms
Price:
$2,900,000
Financing:
SBA pre-approved for financing for an experienced and well qualified restaurant operator with 10-20% cash down.
Training:
Training is available.