Immaculate Real Estate & Restaurant Assets With 3-Way Antique Bar

Fort Wayne, IN (Allen County)

Immaculate Real Estate & Restaurant Assets With 3-Way Antique Bar
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Asking Price: $725,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1925

Immaculate Real Estate & Restaurant Assets With 3-Way Antique Bar

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Business Description

This remarkable restaurant & bar business is located in one of Allen County's most historic buildings which was constructed shortly after the Civil War. The current owner has been working in the business for nearly a half of century. The owner has totally restored the building from top to bottom to a near original luster and appearance. The kitchen has been restored and equipped to a point that a finicky chef would appreciate. The restaurant includes a main dining room; a bar room, which features one of Allen County's oldest antique bars dating back to the 1890's; banquet room with a service bar; and a spacious outdoor deck. The furniture, fixtures and equipment are well suited and in excellent condition. We believe that the intrinsic value of the tangible assets of the business and real estate exceed the asking price.

Detailed Information

Location:
Fort Wayne, IN
Real Estate:
Owned
Included in asking price
Building SF:
10,634
Employees:
10
Facilities:
This 3-story building with basement of part of this sale. The first floor includes bar area, dining room, a separate dining area and kitchen. The 2nd floor has banquet rooms for parties and meetings. The 3rd floor is an income producing apartment. This beautiful 150 year old historic building has been completely remodeled and restored.
Competition:
Other nearby businesses.
Growth & Expansion:
Our market analysis has concluded that a clear market gap exists for a Mexican Restaurant. Everything is in place with the exception of the appropriate Ethnic Decor.
Support & Training:
Negotiable
Reason for Selling:
Retirement
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(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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