The legendary Hilltop Restaurant

Spencer, IN (Owen County)

The legendary Hilltop Restaurant
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Asking Price: Get Financing: $190,000

Cash Flow: $100,000

Gross Revenue: $470,000

EBITDA: N/A

FF&E: $31,400

Inventory: N/A

Real Estate: $285,000*

Established: 1950

*not included in asking price.

The legendary Hilltop Restaurant

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Business Description

50+ years in business
Great rustic décor and casual atmosphere
Caters to families and large groups
Loyal customer base
Many upgrades over the last 5 years
Limited hours allow owner to have a life outside the business
Sales trending upward last 4 years
Price is for business operations only; owners prefer to sell both business and building but will sell business alone.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
4,000
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Seating for 125. Plenty of off-street parking Improvements in last five years include new freezers, coolers, refrigerators, stoves, light fixtures, bathrooms remodeled, new roof. Building and land also available for $285,000 (includes $31,400 of FF&E)
Competition:
Great opportunity for new owner to continue a long standing tradition
Growth & Expansion:
Closed two days a week; Open for dinner service only 3 days a week; serves lunch and dinner on the weekend; new owner can expand hours and menu
Financing:
Good bookkeeping and should qualify for an SBA loan
Support & Training:
Owner will train for a reasonable amount of time
Reason for Selling:
Owners are retiring
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David Miller

Business Listed By:
David Miller

Comprehensive Business Brokers, LLC

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