Profitable Remodeled Downtown Restaurant with Bar

Indianapolis, IN
Marion County


Asking Price: Annual Revenue:
$395,000 $1,063,526

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Remodeled Downtown Restaurant with Bar Broker: Ralana Abraham
Owner Financing is Available!

Quick Facts

Asking Price: $395,000
Annual Revenue: $1,063,526
Net Profit: Not Disclosed
Cash Flow: $141,668
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1960
Employees: 37
BBN Listing #: 338955769
Broker Reference #: INDIAIN001-N1796

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Business Overview:

We are offering this profitable remodeled downtown restaurant with bar for sale. As a downtown Indy favorite, they offer high-quality food and drinks. Loyal fans seek them out for lunch and after-event meals. A recent remodel introduced this nearly six-decades-old restaurant to 21st-century technology. This includes: • New POS system with tableside payment • New security system with remote access • Interior upgrades • New tables and booth seating, adding seating at the bar • New equipment The restaurant’s signature food and drinks make it popular. High-quality ingredients and real recipes create a desired menu. Drink orders use top-shelf liquor. The staff gives fast, friendly service. Since many staff members are long-term, they greet regulars by name. All of this keeps loyal customers coming back. Sales are excellent. The mix is 85% food and 25% liquor. The new tableside payment tech keeps the restaurant moving during busy times. Because it’s in place wait times are lower and table turns are higher. Credit card chargebacks are zero, too As the new owner you get a restaurant with: • Great downtown Indy location • Excellent visibility • Professional wait staff • Indoor seating for 154 • Covered patio seating for 75 • A 210-liquor license with Sunday sales, carryout, and catering Even though it’s profitable there is room for growth. There are nearly 5,000 businesses within three miles of the restaurant. Offering catering to these businesses would grow revenues. Another potential revenue stream is event catering. Your vision and drive will bring this profitable downtown restaurant with bar to the next level. Don’t wait until this one is off the market. Talk to your broker today!

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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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