Business Summary:
This diner is the quintessential late-night eatery. A juke box and eclectic Santa Barbara decor welcomes customers through the front door, where they can find a unique culinary spin on the traditional burger and fries. The menu offers reasonable price points for lunch and evening bar crowds, or for smarter customers simply minding their wallets.
The restaurant features a large show kitchen with new hood unit, walk-in cooler and separate storage area. Bar seating is open for beer and wine service until 12AM, and customers enjoy the two recently remodeled restrooms.
Lower State Street sees a tremendous spike in revenues during the summer months, and the base profits could easily increase with a stronger push to lunchtime crowds. The outdoor retail chain REI is coming to the neighborhood, which will lead to increased traffic counts in the coming years, so this is an excellent opportunity to buy in before the market changes.
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