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Profitable, Historic Restaurant For Sale
Location Indiana,United States
Asking Price Range $250K - $500K
Gross Revenues $568636
Net Profit / Cash Flow $101114
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1942
Number of Employees 20 - 34
Inventory 228000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Owner will train the buyer for 4 weeks at no cost.
Reason for Sale Retirement.
Description This listing is for a well-established and highly regarded restaurant located in northeast Indiana that is available to a qualified buyer. This beautiful restaurant, located in a historical district, specializes in American fare, streaks and seafood. They offer a wide, but focused menu with delicious beef, seafood, chicken, salads, etc. This restaurant has earned an excellent reputation in their marketplace for their outstanding food and drink giving them a large base of loyal, repeat customers. The restaurant offers a family friendly dining experience and it seats 100 in the dining room and another 16 on their patio. They also feature live music as well making it a fun experience for all. This business yields the owner a yearly income of over $100,000 and there are approximately $428,000 in assets (fixed and liquid) to be transferred with the sale of the business. Also available with the sale of the business is the sale/transfer of the HIGHLY SOUGHT 210 liquor license available in Porter, Co. Indiana. This particular license has been grandfathered into the licensing process and can be sold to a new business that allows for carry-out services to cover outside dining, etc. and would guarantee a new business the availability of the limited liquor licenses issued for that area. This is valued between $75,000-$375,000. If you would like more information, or if you would like to schedule a site visit, please contact the agent either by phone (770-886-5100) or by email. Asking Price: $350,000
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