EST. High End Restaurant & Market In No. Indiana
Fort Wayne, IN Not Disclosed
Northern
Seller's Contact Information
- RE: EST. High End Restaurant & Market In No. Indiana
- Contact: Scott Wade
Quick Facts
| Asking Price: | $1,800,000 | |
| Annual Revenue: | $2,124,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $348,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $317,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1991 | |
| Employees: | 51 | |
| BBN Listing #: | 136441635 | |
| Broker Reference #: | 3953-45078 |
Business Overview:
High end fish and seafood restaurant and market.
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Property Features and Assets:
This beautiful establishment was built in 1991 with the intention of providing a much needed fish market and seafood restaurant in Northern Indiana's local market. that serves up to 325. They are located just west of downtown of a major populated city in northern Indiana. Later a renovation added more than 60 seats.Not long after the modifications were made to the restaurant. In 1995, an 11-foot door was put in to the east brick wall joining an adjacent building creating even more room.
Market Competition and Expansion:
Very little competition in the high end seafood market. None include a fish market. The following are all opportunities for growth of the business: Increase marketing / advertising activity. Expand fish market segment. Update / upgrade website and use social media to drive more business. More usable square footage for revenue generation is possible within the existing facility and land. Option to remodel upstairs rental to increase operational square footage. Due to local expansion and being in one of the urban development areas, parking is permitted in the street which allows some of the current parking area to be used for future expansion if desired. Tighter control over inventory should yield more profit. Increased revenue by proactively marketing the private room(s) to groups and organizations for private events. Controlling & Expandable market share – No real current competition. Natural growth in population in local market focuses on redevelopment and revitalization of the downtown area offering more residential living space. Strong resurgence of the area is also bringing commercial growth and the addition of new business in the area will bring more traffic into the area.
Reason for Selling:
career change
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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