Fine Dining Restaurant, Absentee owner, Reservations only dining

Asking Price$775,000

Cash Flow
$251,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,600,000

Inventory$25,000
Not included in asking price
FF&E$50,000
Included in asking price
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Fine Dining Restaurant, Absentee owner, Reservations only dining


Asking Price$775,000

Cash Flow
$251,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,600,000

Inventory$25,000
Not included in asking price
FF&E$50,000
Included in asking price
Business Description
This restaurant was started over 10 years ago and is in the downtown heart of an upscale Indianapolis suburb. No local competition, owner selects the menu, but is not involved in the day-to-day operation.
The experienced staff operates the business.

The seller has been in the restaurant business 25 years and wants to focus on other business interests.
About the Business
Years in Operation
11
Employees
10
Facilities & Assets
Leased space, ground-level seating in a two store building. Approx. 4,250 Sq.Ft. plus two outdoor patio seating areas.
Employees: FT 10, PT 20
Seating capacity: Inside 90, bar 25, patio 80
Market Outlook / Competition
Limited competition without driving 30-45 minutes to congested night spots.
Opportunities for Growth
Add more outdoor seating or expand restaurant indoor seating.
Add another restaurant location that duplicates this first location.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
4,250
Rent
$8,000.00 per month
About the Sale
Seller Motivation
The seller wants to focus on other business interests.
Transition Support
Two weeks of management training. Current staff operates the business.
Financing Options
SBA approved Limited to what is needed to support an SBA loan
Listing Info
ID
2337336
Listing Views
683

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Business Listed by: Thomas Poyser American Business Investors, Inc.

Listing ID: 2337336 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.