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Restaurant Bar Muncie IN College Town

Muncie, IN (Delaware County)

Seller Financing Available
Interior Bar Area
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Asking Price: $399,000

Cash Flow: N/A

Gross Revenue: $657,000

EBITDA: $65,000

FF&E: $25,000

Inventory: $4,300

Real Estate: $125,000

Established: 1978

Restaurant Bar Muncie IN College Town

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Business Description

Owner is ready to retire and offer this Muncie restaurant for sale. The is the first Mexican Restaurant in Muncie with the same owner since 1978. Profitable business with room to grow the business and increase the profits. Includes all fixtures and equipment, liquor license, inventory, recipes and real estate. Truly a turn key operation. Steady and consistent income month to month and year to year. See agent for financials and to arrange inspections as this is an operating business. The restaurant seats a total of 136 consisting of 28 in the bar area, 20 in the outside patio and 88 in the interior dining room. The building, parking lot, walk in cooler, freezer and equipment have been well maintained and replaced as needed. Great opportunity for owner-operator or investor

Detailed Information

Location:
Muncie, IN
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,000
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Includes building, inventory, liquor license, FFE
Competition:
Only Mexican restaurant on the southside of Muncie. Same location, food and owner since 1978. Loyal customer base--great room for growth.
Support & Training:
Owner will work to transition buyer into business
Reason for Selling:
Owner ready to retire after opening and running for 40 + years
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(from currently available funds)
 
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Brian Allardt

Business Listed By:
Brian Allardt

Coldwell Banker Commercial The Real Estate Group

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