Iconic Eatery

Fort Wayne, IN (Allen County)

Iconic Eatery

Asking Price:$65,000

Cash Flow:$31,918

Gross Revenue:$186,363

EBITDA:N/A

FF&E:$50,000

Inventory:$2,000

Established:1967

Iconic Eatery

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Business Description

Currently available is a family owned, Full-Service located in Northeast Indiana. The owner of this successful restaurant is selling in order to retire. The full-service restaurant is a well established neighborhood fixture. The décor is well-suited to the particular menu offering. The current owner's will assist in the transition to new ownership if needed. The business is currently operating.
Sellers are asking for $65,000 in cash money for the business and all assets.
Restaurant is original tenant located in well established and busy regional shopping center that has undergone recent improvements. The center includes a Kroger and several other full service restaurants, including Mexican, Seafood and Asian themes. The interior is nostalgic décor with multi-generational appeal.
The demographics support the continued growth for the restaurant with number of households in the area expecting significant growth. The area is near a busy intersection and therefore has a very strong average daily traffic pattern as well. .

Detailed Information

Inventory:
Included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Dining Room Furniture, Restaurant Equipment and Food Preparation
Competition:
Restaurant is original tenant located in well established and busy regional shopping center that has undergone recent improvements. The center includes a Kroger and several other full service restaurants, including Mexican, Seafood and Asian themes. Great traffic count and strong population growth predicted for next 5 years.
Financing:
N/A
Support & Training:
The current owner's will assist in the transition to new ownership if needed.
Reason for Selling:
Retirement

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Robert Doyle

Business Listed By:
Robert Doyle

Anthony Wayne Business Exchange

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Sponsoring Broker:
Dennis Spitler

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