Popular Southside Indianapolis Bar & Grill for sale

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Asking Price:
$99,500

Gross Revenue:
$323,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$8,000
not included in asking price

FF&E:
$86,000
included in asking price

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Business Description

This popular southside Indianapolis bar and grill is for sale. A community fixture, this popular bar is still going strong after all these years. Revenue is steady. Great performer for an owner/operator! The motivated seller reduced the price from $120,000 to $99,500 for an all cash offer! This is a great time to buy!

The bar and grill has a highly visible location in a busy retail district. In fact, it is one of a few businesses with its own on-site parking. It attracts a strong lunch time crowd. Customers rave about the affordable food and drinks. The large, loyal client base calls this place home. Game nights, karaoke, and affordable drinks attract newcomers. Not only does the bar and grill have 6 TVs, pool tables, darts, arcade games, and a jukebox but it also has a fully equipped kitchen. This southside bar and grill carries a 210-liquor license with gaming endorsement, Sunday sales plus a tobacco license.

The popular southside Indianapolis neighborhood bar and grill has some local competition. However, it has these advantages over them:

• Highly visible location

• On-site parking

• Community fixture

• Full kitchen

• Affordable drinks and food

• Attracts lunch time crowd

• 210 liquor license

The southside neighborhood bar and grill has steady financial performance with strong sales of 80% liquor and 20% food. All equipment is in excellent condition while a favorable lease is in place. This is a turnkey opportunity for an owner/operator looking for a bar to call their own!

About the Business

Location:
Indianapolis, Indiana
Year Established:
1927
Number of Employees:
1 FTE, 6 PTE
Real Estate:
Leased
Building Sq. Ft.:
2,876
Rent:
$1,500.00 Per Month
Facilities:
2,876 sq. ft. leased space
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About the Sale

Training/Support:
Seller will negotiate a transition period

Listing Info

ID:
1545646
Ad Detail Views:
503

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  Bar and Grill (194 KB)
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Indiana Business Advisors

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