Active
2879 Grand Avenue
Los Olivos CA, 93441
$5,900,000
$1,318.44 per sqft
Active
4,475 sqft
Commercial
Built in 1980
Courtesy of Robert Rauchhaus, Radius Commercial RE
*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
24001705
MLSⓇ ID
August 29, 2024
Listed
October 1, 2024
Updated
Map
2879 Grand Avenue
Los Olivos CA, 93441
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.14 Acres
Other Property Details
Area Name
38 - Santa Ynez Valley
Garage
No
View
No
County
Santa Barbara
Pool
No
Listed by Radius Commercial RE, Robert Rauchhaus,
Listing Contact: 8059655500
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