PLEASE NOTE: THIS IS PRIMARILY A BUSINESS SALE WITH REAL ESTATE INCLUDED. THE REAL ESTATE CANNOT BE SOLD WITHOUT THE BUSINESS. THE PRICE OF THE BUSINESS IS $1,000,000. THE PRICE OF THE REAL ESTATE IS $4,900,000. TOTAL $5,900,000.
Los Olivos Wine Merchant & Café, a landmark restaurant, is for sale with its associated commercial real estate. Located at 2879 Grand Ave., Los Olivos CA, the restaurant and wine store is near the center of the city. The restaurant is not only a local fan favorite, it is also nationally renowned because of its inclusion in the iconic film "Sideways". The profitable business is housed in a rustic 4,475 square foot (approx.) building and is one of the largest restaurants in town. The building features ample seating and entertaining with a large main dining room, bar, private dining room and patio.
The café has been consistently 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 and talented management and staff.
CONFIDENTIAL INFORMATION MEMORANDUM : A thorough CONFIDENTIAL INFORMATION MEMORANDUM (CIM) is available to qualified Buyers. Due to the sensitive nature of business sales, prospective buyers must execute a NON-DISCLOSURE AGREEMENT (NDA) and may need to show proof of financial qualification (PFQ). The business sales process begins with a brief phone call to determine the potential fit. 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.
IMPORTANT: Prospective buyers are welcome to dine at the restaurant. But please DO NOT discuss the business sale with management or staff, or engage in any activities that could disrupt the experience of other guests.
Robert Rauchhaus
Radius Commercial Real Estate
