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Listing View: Santa Maria Restaurant, Golf Course & Range w/Ideal Sports Bar Opportunity! - Santa Maria, California


Santa Maria Restaurant, Golf Course & Range W/ideal Sports Bar Opportunity!
Santa Maria, California

Offered at:
$699,000

Office Listing #   SMGolf
Revenue: $513,570 / year
Cash Flow: $123,104 / year
Lease Rent: $3,300 / month
Square Feet: 5300 (Restaurant)

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 Listing Description

This growing Santa Maria Restaurant with beer and wine, a par 3 golf course and driving range presents its buyer the ideal opportunity for expansion into a thriving sports bar with 2 built-in client bases, a banquet / festival facility, or several additional growth opportunities. The facility is located on 28 acres with 8 acres dedicated to the 50 station driving range, 20 acres dedicated to the 10 hole golf course, putting green, 67 space parking lot and 5,400 square foot clubhouse, restaurant and banquet facility that was recently constructed in 2000 for $500,000. The land lease for the property provides coverage until 2030 at an astounding $3,300 per month. All of the restaurant’s furniture, fixtures and equipment, including its beer & wine license, seating for 150 patrons, oven, stove, grill, deep fryer, ice machine, two door fridge, salad prep table, beer tap system, and three bucket sink are paid off and included in the sale. Also includes the courses tractor, 4 mowers, trimmer and 3 golf carts. Due to the unique nature of this combination restaurant and sports recreation center, little competition exists. The course is the only of its kind in the area, with the nearest real competition being executive 9 hole par 3 course in San Luis Obispo (along with 18 hole courses). This restaurant boasts 2 distinct built-in customer bases. First, the facility is located in an industrial area behind the airport that is populated by many business parks and industrial businesses. As such, it is the nearest lunch and happy hour destination for nearby business’s employees. Second, the course naturally receives daily business from its driving range, golf and pro-shop patrons. This business has several opportunities for tremendous growth, the most obvious being that the restaurant seats 150 persons, has a captive audience of sports fans, but closes at 3 pm and only has 1 fairly aged mid-sized television for patrons to view sporting events on! A new owner may seek to extend operating hours, install several televisions, add ambiance, video gaming or billiards, and create an ideal sports bar with virtually unlimited parking on an actual sporting facility. New management may also seek to add lighting for evening golf, a golf store / retail boutique / pro-shop, install a golfing simulator, add complementary recreational facilities (batting cages), or hold indoor/outdoor events such as wine tastings, music festivals (in the parking lot or on the driving range), and parties or banquets (group meetings, weddings, school dances, etc.) – which they turn away on a regular basis.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   1986
Current Owner:   2000
# of Employees:   13
Seating:   150
Square Foot/Size:   5300 (Restaurant)
License(s) Required:   Contact For Info
Reason For Sale:   Personal
     
Financial Information
Revenue:   $513,570 / year
Cash Flow:   $123,104 / year
Payroll:   Contact For Info
Lease Information
Lease Rent:   $3,300 / month
Lease Expiration:   3/31/2030
Lease Option:   2 – 5 year 1 – 7 yr
Listed by:   R Clark
 The Veld Group
Email: Email Seller
Phone:  (310) 652-8353
Website:  www.theveldgroup.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
      Confidential Statement: Download


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Disclaimer
The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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