Popular College Town Restaurant for Sale

East Central Indiana, IN


Asking Price: Annual Revenue:
$395,000 $1,395,417

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Popular College Town Restaurant for Sale Broker: Dave Gorman
Owner Financing is Available!

Quick Facts

Asking Price: $395,000
Annual Revenue: $1,395,417
Net Profit: Not Disclosed
Cash Flow: $309,284
Total Debt: Not Disclosed
FF&E: $130,000
Real Estate: Not Disclosed
Year Established: 1972
Employees: 32
BBN Listing #: 132655769
Broker Reference #: INDIAIN001-N1850

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Business Overview:

Oct 2020 Update – This business is thriving during this pandemic. YTD sales are up vs. 2019!!! Sales are up 15% and profitability is up almost 58%! Year to Date numbers have been above 2019 performance even with the shutdown and social distancing. Drive through business thrived for this restaurant during March and April and has continued. This popular restaurant in a busy eastern central Indiana college town is a well-established fast-food local brand, offering a wide range of hamburgers, breakfast food, salads, and other American fare. They have been established in this location since 1972, and have enjoyed many years of steady financial performance, even during tough economic times. Their affordable price point, popular menu, well known weekly specials and local community history make them a great opportunity for a savvy restauranteur wanting to step into a well-known financial performer. This outstanding business has the following attributes: Strong history of revenue and profitability Visible, high traffic location on a major retail thoroughfare. Well known popular menu with famous weekly specials! Has a drive-thru, in addition to a spacious dining area with seating to accommodate over 100. Affordable price point allows them to competitively serve their local market. Strong local brand name in the community. Recently Renovated! The owner has built a financially established and strong business and has identified several avenues for continued growth for a new owner-operator. Financial performance is going strong for 2020 and year to date cash flow has already exceeded the total year 2019. This is an excellent opportunity for a new owner operator to step in and experience continued steady revenues and cash flow and get a great established restaurant that is well loved in its community.

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Reason for Selling:

Retirement

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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