Los Olivos Wine Merchant & Café (Restaurant) | 2879 Grand Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Los Olivos Wine Merchant & Café (Restaurant) 2879 Grand Ave
4,475 SF Retail Building Los Olivos, CA 93463 $5,900,000 ($1,318/SF)
Investment Highlights
- Business Sale including Real Estate: Total Sale Price $5,900,000 (Business: $1,000,000; 4,475 SF Building: $4,900,000).
- Internationally renowned, landmark restaurant featured in the Academy Award winning film "Sideways".
- The Wine Merchant operates a successful wine club with 215 current members, generating close to $30,000 in sales each quarterly club release.
- Real Estate cannot be sold without the Business.
- Wine Spectator has consistently awarded Los Olivos Wine Merchant & Café for its exceptional wine list.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
4,475 SF
Building Class
C
Year Built
1980
Price
$5,900,000
Price Per SF
$1,318
Business Value
$1,000,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.73
Land Acres
0.14 AC
Zoning
REC
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 135-093-015 | Improvements Assessment | $515,267 |
| Land Assessment | $153,466 | Total Assessment | $668,733 |
PROPERTY TAXES
Parcel Number
135-093-015
Land Assessment
$153,466
Improvements Assessment
$515,267
Total Assessment
$668,733
-
Robert Rauchhaus -
Radius Commercial Real Estate
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Los Olivos Wine Merchant & Café (Restaurant) | 2879 Grand Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.