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Tri-State's Leading Steakhouse Restaurant

Evansville, IN (Vanderburgh County)

Tri-State's Leading Steakhouse Restaurant
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Asking Price: $824,000

Cash Flow: $224,600

Gross Revenue: $1,500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $425,000

Established: 1976

Tri-State's Leading Steakhouse Restaurant

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Business Description

Profitable Restaurant

For many years, this restaurant has been a Tri-State landmark steakhouse. This popular steakhouse restaurant has been in business for over 40 years and is well-known for their flavorful steaks, seafood and barbequed selections. They have a full bar (3-way liquor license) with a wide variety of wines, beer and cocktails. They can accommodate special gatherings for groups from 10 to 80. They have seating capacity for 225. They are proud to be able to say that 40% of their staff have been with them for over 10 years. This price INCLUDES Real Estate, 3-way liquor license and equipment. The price break-down is: $399,000 for the business and $425,000 for the real estate.

Upon receipt of the executed Confidentiality Agreement, you will be provided with the name of the restaurant and a link that will give you access to the historic financials, and other due diligence info.

Attached Documents


Detailed Information

Location:
Evansville, IN
Real Estate:
Owned
Included in asking price
Building SF:
6,554
Employees:
25
Facilities:
6554 SF building has 2 relatively new (2018) HVAC units, three 1500 gal. grease traps, and 3-way liquor license.
Competition:
Their consistently great food and atmosphere has kept them a favorite for 40m years.
Growth & Expansion:
There may be an opportunity for them to expand their catering business.
Support & Training:
Experienced management, wait and kitchen staff will probably wish to stay.
Reason for Selling:
Retire
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(from currently available funds)
 
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Randall Forster

Business Listed By:
Randall Forster

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