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Sale Pending

Turn Key Established Italian Restaurant & Bar w/Type 47 Liquor License


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This charming Italian Restaurant & Bar with a full liquor license is a beloved family-owned establishment and has been an integral part of Santa Barbara for over 25 years, creating a legacy of delectable cuisine and warm hospitality. Nestled in the heart of Santa Barbara, this old-school gem offers a nostalgic experience in a vibrant culinary scene. Renowned for serving some of the town's favorite dishes, the restaurant boasts a diverse menu featuring appetizers, pastas, salads, chicken, fish, and steaks. The culinary delights are complemented by a well-crafted selection of cocktails plus fine wine and popular beers.

The dining room exudes charm, providing a cozy and inviting atmosphere for patrons. With the capacity to accommodate 70 guests, it's an ideal setting for intimate gatherings and family dinners. The adjacent bar, comfortably accommodates 15 guests and adds to the lively ambiance.

The restaurant has seen recent upgrades, including a newer HVAC system, plumbing upgrades, plus a new compressor in the walk-in cooler and more. Enhancing the overall comfort and efficiency of the establishment. The kitchen is well-equipped to meet the demands of a bustling restaurant. Additional back of the house features including a wait station with a bread warmer, a separate prep area, walk-in cooler and storage room. Plus, a dedicated liquor and wine storage area to ensure a well-stocked bar. Plus, back of the house delivery access.

A second story provides valuable additional space, offering ample storage and a spacious office area. Strategically located next to a public parking lot as well, the restaurant benefits from easy accessibility for patrons.

With a history spanning over two decades, the restaurant has built a strong reputation within the community. It is a go-to destination for those seeking authentic Italian cuisine and a memorable dining experience. This is a rare opportunity to own a well-established, family-owned Italian Restaurant & Bar in a prime location, with a loyal customer base and a timeless appeal. Don't miss the chance to carry on the tradition of excellence in Santa Barbara's culinary landscape or bring your own concept. Complete with a full liquor license!

Some equipment includes: 4 tap kegerator, triple door undercounter bar refrigeration, 2 TVs, espresso machine, POS system, sound system, 2 prep stations, stove top, grill, fryer, salamander, bread warmer, ice machine, dough mixer, convection oven, all furnishings, pots, pans, utensils, dinnerware, glassware, flatware and more.

Listing price: $399,000



Listed By: Teri Craft

Background information

Reference:

ItalianSB

Year established:

1999

Reason selling:

Other interests

Finance

Sales:

$1,192,080

Operations

Employees:

25 employees. Currently manager run.

Equipment:

Some equipment includes: 4 tap kegerator, triple door undercounter bar refrigeration, 2 TVs, espresso machine, POS system, sound system, 2 prep stations, stove top, grill, fryer, salamander, bread warmer, ice machine, dough mixer, convection oven, all furnishings, pots, pans, utensils, dinnerware, glassware, flatware and more.

Furniture fixtures and equipment:

Including but not limited to: 4 tap kegerator, 2 TVs, espresso machine, POS system, sound system, all furnishings, tables, chairs, pots, pans, utensils, dinnerware, glassware & flatware.

Premises

Facility:

Dining area accommodates approximately 54 plus an additional 15 at the spacious bar.

Square footage:

3000

Rent and lease terms:

Landlord will provide a new 5-year lease at $8,000/month/NNN with annual CPI increases. Plus a 5 year option to renew at market rate.

Location:

Located in a free standing restaurant building comprised of approximately a 3,000 sq. ft. ground floor restaurant space plus +/- 2,000 sq. ft. upstairs space which is ideal for storage, an employee lounge or office space.

Price and terms

Price:

$399,000

Training:

Following the close of escrow and included in the purchase price, seller will provide training for 1 week at 20 hours.