Santa Maria Restaurant Bar Golf Course And Range For Sale

Business 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.

Property information

Real Estate:

Lease

Lease terms:

The land lease for the property provides coverage until 2030 at an astounding $3,300 per month.

Location:

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.

Other information

Expansion potential:

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.

Competition / Market:

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.

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Personal

Financing available:

Not Offered