$5,900,000
2879 Grand Avenue Los Olivos, CA 93441
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$5,900,000
Est. payment /mo
4,475 SqFt
Active
2879 Grand Avenue Los Olivos, CA 93441
UPDATED:
08/29/2024 08:08 PM
Key Details
Property Type Commercial
Sub Type Wine Related
Listing Status Active
Purchase Type For Sale
Square Footage 4,475 sqft
Price per Sqft $1,318
MLS Listing ID 24001705
Year Built 1980
Lot Size 6,098 Sqft
Property Description
*BUSINESS SALE WITH REAL ESTATE INCLUDED* Landmark restaurant, Los Olivos Wine Merchant, is for sale with its associated real estate. The restaurant and wine store is near the center of Los Olivos. The restaurant is not only a local area favorite, but known nationally because of its inclusion in the film Sideways. The profitable business is housed in a rustic +/-4,475sf building & is one of the largest restaurants in town. The building features ample seating & entertaining w/ a large main dining room, bar, private dining room & patio.The cafe has consistently been awarded as the best restaurant for wine since 2007. After nearly 30 years operating the restaurant, the owners are looking to retire, but they are willing to help ensure a smooth transition to new ownership. This business has been passively run, in great part due to its loyal & talented management/staff.A thorough Confidential Information Memorandum is available to qualified Buyers. Prospective buyers must execute an NDA and may need to show proof of financial qualification. The real estate will not be sold separately. Broker is happy to cooperate with other Brokers that are experienced in business sales, carry business E&O, know ABC processes, etc. For all others, Broker is willing to pay a referral fee.Prospective buyers are welcome to dine at the restaurant. Please do not discuss the business sale with management or staff, or engage in activities that could disrupt the experience of other guests
Location
State CA
County Santa Barbara
Area 38 - Santa Ynez Valley
Interior
Heating Other Heat
Cooling Central Air
Exterior
Roof Type Flat
Building
Foundation None
Others
Acceptable Financing Cash, Exchange, New Loan
Listing Terms Cash, Exchange, New Loan
Listed by Robert Rauchhaus • Radius Commercial RE
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