Popular North Side Indianapolis Bar & Eatery for sale

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Asking Price:
$695,000

Gross Revenue:
$1,586,000
Cash Flow:
$399,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$25,000
not included in asking price

FF&E:
$200,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Motivated Seller, New Lowered Price! This profitable north side Indy restaurant and bar is busy and growing with a reputation for top-notch service, a diverse scratch-made menu, a full-service bar, and a clean, comfortable, spacious atmosphere. A big bar plus indoor and outdoor tables seat more than 250. Ample free parking and easy access to major roads makes it a destination for groups of all sizes.

Reviews online call it friendly and fun. It’s a place where adults come to relax and enjoy games like pool or darts. Big TVs everywhere help sports fans keep an eye on all the games. 2018 saw a 15% increase in revenue and 2019 is trending the same. This involved only word-of-mouth and social media reviews, so there is plenty room to expand marketing efforts and, thereby, the growth trend. The current owner has barely begun to tap the additional revenue potential from catering, carry-out on alcohol/beer and food, live entertainment, etc., and scratch-offs could be added as well.

Improvements and updates have been made top to bottom in the last couple years. Equipment and the property infrastructure are updated and well-maintained. The operation is turn-key ready for new owners. Three-way liquor license plus carry out.

About the Business

Location:
Indianapolis, Indiana
Year Established:
2005
Number of Employees:
14 FTE, 10 PTE
Facilities:
5,000 sq. ft. leased space, seating 266
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About the Sale

Reason For Selling:
Family Changes
Training/Support:
Seller will negotiate a transition period
Seller Financing:
Seller will consider some financing for a qualified buyer

Listing Info

ID:
1634313
Ad Detail Views:
0

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Business Listed by

Indiana Business Advisors

Indiana Business Advisors

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