Classic Indianapolis Eatery with Real Estate Av...

Indianapolis, IN
Marion County

Asking Price: Annual Revenue:
$255,000 $337,540

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Classic Indianapolis Eatery with Real Estate Av... Broker: Mike Wiseman
Owner Financing is Available!

Quick Facts

Asking Price: $255,000
Annual Revenue: $337,540
Net Profit: Not Disclosed
Cash Flow: $37,926
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 1911
Employees: 7
BBN Listing #: 533257699
Broker Reference #: INDIAIN001-N1829

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Business Overview:

This classic Indianapolis eatery runs on a simple business model. Operating for decades, it offers a consistently tasty product and exceptional customer service. If you value tradition and want a recipe for success, then you should check this out. The classic Indianapolis eatery is near downtown. Deliberate planning put it in an area that attracts both blue-collar workers and business people. The menu features traditional American food. Quick service, large portions and affordable prices bring in customers. However, the house specialty is the secret to its success. Made from a propriety recipe, this dish is very popular. In fact, people come from all over to try it. Thanks to the surrounding businesses, it’s a popular place with workers. In fact, lunch is the busiest time of day. Workers pack the tables and booths. Long lines often snake out the door. Thankfully, the expert staff provides quick, efficient service. They create a welcoming, homey atmosphere, too. The eatery occupies the bottom half of a two-story building. The décor is retro. The restaurant seats up to 104 customers. The full bar carries a 210, 3-way liquor and catering license. Customers use on-site as well as nearby city parking. The building is about 5,564 square feet on .41 acres of land. Real estate is available for purchase at fair market value. There is room for growth with this eatery. It is currently absentee-run. Hands-on ownership will produce positive results. Currently, it gets new customers by word of mouth and reviews. Creating a website is a good first step to increasing sales. Other ways to grow the business include: • Expanding days and hours open • Bringing in new technology • Carrying out marketing efforts • Partnering with food delivery services • Utilizing social media • Upgrading the décor, seating, equipment, etc. After decades of success, the business is ready for new ownership. Blend this eatery’s old school success with your 21st-century expertise.

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Reason for Selling:

Absentee Owner, who is pursuing other non-related business interests

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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