Just reduced to $189,000!
Great opportunity to own a Cafe in the heart of Isla Vista!
Highly desired location adjacent to UCSB on Embarcadero.
Heavy Bike & Foot Traffic Day & Night! Heavy skateboard traffic too.
No more ABC or Hookah licenses are available for Isla Vista.
1 of only 2 Tobacco licenses in Santa Barbara. No more licenses being approved.
Full service restaurant that offers catering & delivery service.
On Facebook & Instagram.
Also on GrubHub, DoorDash, and UberEats! Deliver to nearby dorms, apartments, and Greek parties.
Expand by adding a website with online ordering for an immediate increase in sales!
Gross Sales: Discuss with owner
Owner Income: Discuss with owner
Total Rent: $ 7,851 NNN
County Patio Fee: $2,500 paid to the county of SB annually for patio.
Square Footage: 2,250
Lease Ends: 1/31/2024 with 1 five year option left
Parking: 18 spaces in shared lot & street parking
Inventory: $4,000 included
Furniture, Fixtures & Equipment: $300,000 buildout in 2014, Special Hookah Tables $5,000, New $25,000 Hood & Exhaust Systems in 2014, New Large Grease Trap in 2014, New Electric & Plumbing, Walk-in, & Handicap Bathrooms.
-In Isla Vista, a 1 square mile student residential area adjacent to UC Santa Barbara's 23,500 student population.
-Located 14 miles West of Santa Barbara on the Pacific Ocean.
-Bike paths connect to UCSB.
-Population: approximately 23,100
-Current UCSB enrollment 23,500 & expected to increase by 5,000 students by 2025.
-74% of all undergrads live in Isla Vista & nearby neighborhoods.
-In the heart of UCSB's retail corridor.
-Heavy foot traffic Day & Night.
-4.5/5 Star Rating on Yelp!