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Thursday, February 04, 2010 

Which Montecito Restaurant

is up for sale?
Prime location in a high end district in Santa Barbara County. 1700 square feet inside plus 444 square feet deck and 474 square feet rear patio. Free standing building. With parking. Inside seats 80 plus, with additional 50 plus on deck and patio. Full kitchen and cozy fireplace. Full (Type 47) liquor license.

Owner earned over $130,000 in 2009 in spite of the economic downturn. Low % rent - only 7.5% of food and 10% of bar gross, it is $5000/month or $2.94 per square feet plus NNN expense plus $1600 annual taxes. Lease term is 2 years with one 5 year option. - BizBen

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