Tupelo Data Room
Chinese Restaurants, Thai Restaurants
Active

Profitable Restaurant-8mi to Vandenberg Air Force Base-13 Amazing Yrs

Lompoc, Santa Barbara County, California, United States
Asking Price$275k
Revenue-
EBITDA-
Cash Flow-
Description
****REDUCED FROM $299K TO $275K**** FOR SALE: Thriving Restaurant with Growth Potential in Lompoc (Drive-Thru Enabled) Overview: Well-established restaurant strategically located just 8 miles from Vandenberg Air Force Base in Lompoc, a city on California's beautiful Central Coast. Established 13-year-old restaurant in a prime location, ready for a new owner's vision. This 2,100 sq ft freestanding building offers a fully equipped kitchen with hood and walk-in, capable of supporting any culinary concept. Financials: Annual revenue consistently ranging between $650k - $900k Currently operating 6 days a week, closed 2 months annually but can be operated year round Price includes a valuable ABC Type 41 license for beer and wine sales Key Features: Versatile Space: Currently operating as a successful Thai restaurant, but easily adaptable to any cuisine. Ample Seating: Comfortably seats 65 patrons inside, with potential for expanded outdoor seating. Private Parking: Convenient private parking lot for customers. Low Rent: Benefit from a remarkably low rent, maximizing profitability. 2,100sf @$4,000 per month/gross! Lease Term: Three years remaining on the existing lease, providing stability and flexibility. Revenue: Strong revenue history and established customer base Prime Location: Near a major military installation and future tourist attraction Beer & Wine: Includes a Type 41 ABC license in the sale price, adding to the business's value Potential for further growth by extending operating hours or days Option to acquire owners' home, providing flexibility and convenience Opportunity: Owners are retiring and relocating overseas, presenting a turnkey opportunity for a motivated buyer The upcoming Lompoc museum development promises to significantly boost tourism and local economic activity Owners' residence is also available for purchase, offering potential for a combined business and residential investment Don't miss this exceptional opportunity to own a turnkey restaurant with a proven track record and the freedom to create your own culinary masterpiece. For more information or to schedule a viewing, please contact Broker by filling out the contact form to the right of this listing. The system will send you an emailed response: SIGN NDA for your e-signature. PLEASE BE SURE TO REPORT ON WHETHER YOU HAVE ALL AVAILABLE FUNDS TO MAKE AN OFFER OR IF YOU STILL NEED TO SEEK FINANCING. CASH THROUGH ESCROW INQUIRIES WILL BE PRIORITIZED. No details will be released until funding has been discussed. A signed NDA and proof of funds will be needed to answer any questions (address, location and equipment list etc) about this opportunity. This is an all cash sale through escrow. Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified. DRE #01963614
Real Estate
Rent is $4,000 per month
Building Size: 2100 sq. ft.
Year Established
2011
Reason Selling
Retiring.
Facilities & Assets
Full kitchen with hood and all equipment, fixtures, furniture.
Support & Training
2 weeks - 20 hours per week
Market & Competition
The restaurant is well known for its food and service. It also offers catering for as many as 850 guest off-site. The kitchen is equiped to offer any cuisine.
Growth Opportunities
Currently open 6 days per week and closed 2 months annually. The staff and owners all go abroad to visit family. Could be open 7 days per week and open year round.
Financing Options
We only transact through escrow.
Asking Price$275k