Price Reduced - Profitable Downtown Restaurant & Bar

Indianapolis, IN (Marion County)

Seller Financing Available
Restaurant & Bar
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Asking Price: $349,000

Cash Flow: $141,668

Gross Revenue: $1,063,526

EBITDA: N/A

FF&E: $100,000

Inventory: $35,000*

Rent: $9,350 /Month

Established: 1960

*not included in asking price.

Price Reduced - Profitable Downtown Restaurant & Bar

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Business Description

We are offering this price reduced profitable downtown restaurant with bar for sale. As a downtown Indy favorite, they offer high-quality food and drinks. Loyal fans seek them out for lunch and after-event meals. A recent remodel introduced this nearly six-decades-old restaurant to 21st-century technology. This includes:

• New POS system with tableside payment
• New security system with remote access
• Interior upgrades
• New tables and booth seating, adding seating at the bar
• New equipment

The price reduced profitable restaurant’s signature food and drinks make it popular. High-quality ingredients and real recipes create a desired menu. Drink orders use top-shelf liquor. The staff gives fast, friendly service. Since many staff members are long-term, they greet regulars by name. All of this keeps loyal customers coming back. Sales are excellent. The mix is 85% food and 25% liquor. The new tableside payment tech keeps the restaurant moving during busy times. Because it’s in place wait times are lower and table turns are higher. Credit card chargebacks are zero, too

As the new owner you get a restaurant with:

• Great downtown Indy location
• Excellent visibility
• Professional wait staff
• Indoor seating for 154
• Covered patio seating for 75
• A 210-liquor license with Sunday sales, carryout, and catering

Even though it’s profitable there is room for growth. There are nearly 5,000 businesses within three miles of the restaurant. Offering catering to these businesses would grow revenues. Another potential revenue stream is event catering. Your vision and drive will bring this profitable downtown restaurant with bar to the next level.

Don’t wait until this one is off the market. Talk to your broker today!

Attached Documents


Detailed Information

Location:
Indianapolis, IN
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Employees:
12 FTE, 25 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5,000 sq. ft. leased space
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Retirement
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Indiana Business Advisors

Business Listed By:
Indiana Business Advisors

Indiana Business Advisors

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