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Thursday, March 25, 2010 

Could another downtown restaurant

be on the "selling block?" Looks like this State Street restaurant could be a "spicey" acquisition for someone.

Specialty Ethnic Restaurant doing 800,000 per year...Wow !
Santa Barbara, California
Type: Established business
Category: Retail - Restaurants
Category: Retail - Other Eating & Drinking
Places
Ad ID: 512608
Financials

Asking: $350,000 Included
in the Asking Price: Furniture, Fixtures & Equipment:
$200,000


Summary Description
Have you ever dreamed of owning the ultimate Specialty Restaurant? This phenomenal restaurant, located on the trendy State Street in Santa Barbara. The cuisine is a mix of Indian and Mughlai style, with a blend of flavors, spices, curries, fennel, ginger and much more. The ambiance invites you to truly relax and enjoy. The daily clientele includes many regulars, tourists and even local area celebrities. Also over 60 pages of fantastic reviews have been made about and are available upon request...... Also remaining at the business, will be the recipe cards so the new owner can continue to create Spice Avenue's tasty dishes. - Troop Business Services

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Interesting... The last time you posted this, I got freaked out and asked Sunny if it was true. He said no. He told me that someone approached him saying they would buy him out for hundreds of thousands of dollars and that the same person, instead of conducting business with him, paid for a listing to sell the place instead - a total scam. I wonder if it happened again? Sunny said he didn't intend to sell the business. This was several months ago.

I hope it's not true, I love their buffet, it's the best deal in town on really excellent food!

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