3-Way Neighborhood Bar & Restaurant

Fort Wayne, IN (Allen County)

Seller Financing Available
3-Way Neighborhood Bar & Restaurant
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Asking Price: $89,000

Cash Flow: N/A

Gross Revenue: $361,949

EBITDA: N/A

FF&E: $19,000

Inventory: $5,000*

Real Estate: $165,000*

Established: 1979

*not included in asking price.

3-Way Neighborhood Bar & Restaurant

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Business Description

This business is like taking a step back in time in to old Fort Wayne. It has been in business since 1948 and is located along an historic Fort Wayne highway. It has been owned and operated by the same family since 1981. This well known inn is known for good drinks good food and good service. The business is in need of a hands on owner/manager to bring it back more sales and more profit.

Detailed Information

Location:
Fort Wayne, IN
Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
3,560
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This facility was constructed in 1950. Replacement costs of the building new is $311,594.00. The building is in average condition and is surrounded by a 7,340 sq. ft. parking lot. The property has a 366 sq. ft. free standing patio. The building is solidly constructed with stone and concrete. The building contains a family room and a bar room licensed to sell liquor beer and wine. The kitchen is fully equipped.
Competition:
This business is competitive with other 3-way bar/restaurants in the area. We feel strongly a new owner can take the business to a new level.
Growth & Expansion:
A new owner can grow the top line and bottom line of this business with hands on ownership.
Financing:
Negotiable
Support & Training:
The owner will work with the new owner to fully transition the business. This is included in the purchase price.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Dan Replogle, CBI, CBC, CCIM, M&AMI

Business Listed By:
Dan Replogle, CBI, CBC, CCIM, M&AMI

Midwest Business Brokers Inc.

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