Upscale Bar & Tapas Lounge - Historic Downtown Location
This exceptional upscale bar and tapas lounge represents a rare opportunity to acquire a newly established business in a prime historic downtown location within a vibrant vacation and college town in Steuben County, Indiana. Established in 2024, this business has already earned recognition as the 2025 New Business of The Year award winner, demonstrating strong market acceptance and operational excellence.
Business Overview:
Operating from a 2,040 square foot space in the heart of downtown, this establishment offers a unique atmosphere that sets it apart from other bars in the area. The central location provides excellent visibility and accessibility, benefiting from consistent foot traffic from university students, tourists visiting antique shoppes, and local patrons.
Financial Information:
Asking Price: $175,000
FF&E Value: $155,000
Inventory: $20,000 (included in asking price)
Monthly Lease: $1,800
Lease Term: Through September 30, 2026
Location Advantages:
The downtown location positions the business at the center of community activity, close to the university and popular antique shopping district. This strategic positioning ensures steady customer flow from diverse demographics including students, tourists, and local residents.
Growth Potential:
With Steuben County experiencing growth and the Main Street committee actively supporting downtown businesses through events and advertising initiatives, the business is well-positioned for expansion. As a newly established operation, significant growth opportunities exist to build upon the strong foundation already in place.
Support & Training:
The seller offers comprehensive transition support including assistance with license and permit transfers, up to 30 days of in-person training, and an additional 90 days of remote support to ensure smooth operations continuity.
Financing:
Seller financing is available, providing flexible acquisition options for qualified buyers.
This turnkey operation offers an excellent opportunity to enter the hospitality industry with an award-winning concept in a thriving downtown location with strong growth prospects and community support.
Ad#:2523643
