Fully-Equipped Freestanding Restaurant & Bar Merrillville, IN-Turnkey!
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Turnkey - Premium Buildout - Extensive FF&E - Existing Liquor License
Fully-Equipped Freestanding Restaurant & Bar Merrillville, IN - Just off The Hwy 30 & I-65 Interchange!
"Turnkey - Premium Buildout - Extensive FF&E - Existing Liquor License"
Outstanding opportunity to acquire a beautifully built-out, second-generation restaurant in one of Northwest Indiana's strongest retail and dining corridors.
This is strictly an asset sale - the existing business, brand, recipes and concept are not included, creating a blank canvas for an experienced operator to introduce virtually any restaurant, bar, brewery, steakhouse, seafood concept, upscale casual dining establishment or other hospitality venture.
Spanning 6,826 sqft, this impressive restaurant has been thoughtfully designed with quality craftsmanship, attractive finishes and a highly functional layout that would cost significantly more to replicate today. The spacious dining room currently accommodates approximately 150 guests indoors, complemented by an inviting 30-seat outdoor patio that expands revenue opportunities during warmer months while enhancing the overall guest experience.
At the heart of the operation is a fully equipped commercial kitchen featuring an impressive 26ft exhaust hood, extensive professional-grade cooking equipment, generous prep areas, walk-in refrigeration, ample storage and all of the essential furniture, fixtures and equipment needed to begin operations quickly.
The sale includes all FF&E, allowing a new owner to avoid the lengthy construction timelines, permitting challenges and substantial capital investment associated with building a comparable restaurant from the ground up.
An additional advantage is the existing liquor license, which is owned by the landlord and available for use with the premises. The liquor license transfers with the location - not the existing business. A purchaser must be approved by the Indiana Alcohol & Tobacco Commission (ATC) as the designated “Manager” under the landlord's liquor license, providing an efficient path to offering alcoholic beverages without obtaining a new license.
The lease offers exceptional long-term stability with a current gross rent of $7,964 per month, a lease term extending through October 2029, plus four additional 5-year renewal options, providing the opportunity to secure this prime location for decades to come.
Whether you're an independent restaurateur, regional operator, franchise group or experienced hospitality investor, this rare asset sale delivers a premium restaurant facility with substantial existing infrastructure, quality leasehold improvements, extensive FF&E, valuable liquor license availability and an outstanding location - all at a fraction of replacement cost.
Competition/Market: Ideal for virtually any full-service restaurant, sports bar, steakhouse, seafood restaurant, brewery, upscale casual dining concept or franchise conversion.
Opportunity Highlights
- Extensive leasehold improvements already in place
- Beautifully improved restaurant space
- Attractive, high-quality dining room and bar buildout
- Fully equipped commercial kitchen with 26ft hood
- Ample seating both inside and out
- Existing liquor license available with the premises (landlord owned)
- Excellent visibility, accessibility and ample parking
- Located in a premier retail, restaurant and hospitality corridor
- Significant savings compared to building a comparable restaurant from the ground up
Growth & Expansion: Location, location, location!!!
Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only outside of business hours.
Listed By Tim Ryan at EatZ & Associates
"Turnkey - Premium Buildout - Extensive FF&E - Existing Liquor License"
Outstanding opportunity to acquire a beautifully built-out, second-generation restaurant in one of Northwest Indiana's strongest retail and dining corridors.
This is strictly an asset sale - the existing business, brand, recipes and concept are not included, creating a blank canvas for an experienced operator to introduce virtually any restaurant, bar, brewery, steakhouse, seafood concept, upscale casual dining establishment or other hospitality venture.
Spanning 6,826 sqft, this impressive restaurant has been thoughtfully designed with quality craftsmanship, attractive finishes and a highly functional layout that would cost significantly more to replicate today. The spacious dining room currently accommodates approximately 150 guests indoors, complemented by an inviting 30-seat outdoor patio that expands revenue opportunities during warmer months while enhancing the overall guest experience.
At the heart of the operation is a fully equipped commercial kitchen featuring an impressive 26ft exhaust hood, extensive professional-grade cooking equipment, generous prep areas, walk-in refrigeration, ample storage and all of the essential furniture, fixtures and equipment needed to begin operations quickly.
The sale includes all FF&E, allowing a new owner to avoid the lengthy construction timelines, permitting challenges and substantial capital investment associated with building a comparable restaurant from the ground up.
An additional advantage is the existing liquor license, which is owned by the landlord and available for use with the premises. The liquor license transfers with the location - not the existing business. A purchaser must be approved by the Indiana Alcohol & Tobacco Commission (ATC) as the designated “Manager” under the landlord's liquor license, providing an efficient path to offering alcoholic beverages without obtaining a new license.
The lease offers exceptional long-term stability with a current gross rent of $7,964 per month, a lease term extending through October 2029, plus four additional 5-year renewal options, providing the opportunity to secure this prime location for decades to come.
Whether you're an independent restaurateur, regional operator, franchise group or experienced hospitality investor, this rare asset sale delivers a premium restaurant facility with substantial existing infrastructure, quality leasehold improvements, extensive FF&E, valuable liquor license availability and an outstanding location - all at a fraction of replacement cost.
Competition/Market: Ideal for virtually any full-service restaurant, sports bar, steakhouse, seafood restaurant, brewery, upscale casual dining concept or franchise conversion.
Opportunity Highlights
- Extensive leasehold improvements already in place
- Beautifully improved restaurant space
- Attractive, high-quality dining room and bar buildout
- Fully equipped commercial kitchen with 26ft hood
- Ample seating both inside and out
- Existing liquor license available with the premises (landlord owned)
- Excellent visibility, accessibility and ample parking
- Located in a premier retail, restaurant and hospitality corridor
- Significant savings compared to building a comparable restaurant from the ground up
Growth & Expansion: Location, location, location!!!
Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only outside of business hours.
Listed By Tim Ryan at EatZ & Associates
Detailed Information
- Years in Operation
- 2
- Facilities & Assets
- Prime retail space in a freestanding building with outstanding visibility, easy accessibility, abundant parking.
Strategically positioned within one of Merrillville's busiest commercial districts, the location enjoys continuous traffic generated by surrounding retailers, restaurants, hotels, offices, residential neighborhoods and regional attractions.
And the area's strong consumer demographics, daytime workforce and steady flow of visitors create an ideal environment for a wide variety of restaurant concepts.
Leased space: $7,964/mth gross. Current lease expires Oct 2029 with four 5-year options.
Lease Security Deposit: $100,000 (held by the landlord without interest & is refundable within 30 days after the tenant has fully satisfied all lease obligations & surrendered the premises)
SqFt: 6,826.
Seating: 150 Inside & 30 Outside.
Hrs: We-Fr 4p-9p, Sa-Su 12n-9p (Closed Mo-Tu).
Value of FF&E: Included In Asking Price.
Value of Inventory: Not Included In Asking Price.
About the Sale
- Seller Motivation
- Other interests.
- Financing
- No.
Listing Info
- ID
- 2532648
- Listing Views
- 12
Attached DocumentsAttachment Disclaimer
Brokerworks Business Information (1).pdf
Business Location
Listing ID: 2532648 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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