Popular North Side Indianapolis Bar & Eatery for sale

Indianapolis, IN (Marion County)

Seller Financing Available
Bar and Grill
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Asking Price: $695,000

Cash Flow: $399,000

Gross Revenue: $1,586,000

EBITDA: N/A

FF&E: $200,000

Inventory: $25,000*

Established: 2005

*not included in asking price.

Popular North Side Indianapolis Bar & Eatery for sale

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Business Description

Motivated Seller, New Lowered Price! This profitable north side Indy restaurant and bar is busy and growing with a reputation for top-notch service, a diverse scratch-made menu, a full-service bar, and a clean, comfortable, spacious atmosphere. A big bar plus indoor and outdoor tables seat more than 250. Ample free parking and easy access to major roads makes it a destination for groups of all sizes.

Reviews online call it friendly and fun. It’s a place where adults come to relax and enjoy games like pool or darts. Big TVs everywhere help sports fans keep an eye on all the games. 2018 saw a 15% increase in revenue and 2019 is trending the same. This involved only word-of-mouth and social media reviews, so there is plenty room to expand marketing efforts and, thereby, the growth trend. The current owner has barely begun to tap the additional revenue potential from catering, carry-out on alcohol/beer and food, live entertainment, etc., and scratch-offs could be added as well.

Improvements and updates have been made top to bottom in the last couple years. Equipment and the property infrastructure are updated and well-maintained. The operation is turn-key ready for new owners. Three-way liquor license plus carry out.

Attached Documents


Detailed Information

Location:
Indianapolis, IN
Inventory:
Not included in asking price
Employees:
14 FTE, 10 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5,000 sq. ft. leased space, seating 266
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Family Changes
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Indiana Business Advisors

Business Listed By:
Indiana Business Advisors

Indiana Business Advisors

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