Profitable Restaurant in Growing Community

Asking Price$2,300,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$120,000
Included in asking price
Real Estate$2,000,000
Included in asking price
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Profitable Restaurant in Growing Community


Asking Price$2,300,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$120,000
Included in asking price
Real Estate$2,000,000
Included in asking price
Business Description
Profitable restaurant located in Hobart, Indiana offers an opportunity to acquire an operating,
profitable restaurant located directly on Lake George. The property benefits from its
waterfront setting and established presence in the market, drawing consistent traffic
from both local patrons and visitors to the downtown area.
The building is approximately 6,500 square feet and includes a 2,300 square foot
outdoor patio overlooking the lake. The structure is built with Flexicore concrete floors
and ceilings, providing long-term durability. The layout is open with clear span space,
including front windows that fully open, more than ample storage, and features a
separate area dedicated to dishwashing and cleaning to support operations.
The restaurant is fully operational with an existing customer base and infrastructure in
place. This offering provides a combination of an established business, functional
building design, and a lakefront location. Do not approach the business.
About the Business
Facilities & Assets
The building is approximately 6,500 square feet and includes a 2,300 square foot
outdoor patio overlooking the lake. The structure is built with Flexicore concrete floors
and ceilings, providing long-term durability. The layout is open with clear span space,
including front windows that fully open, more than ample storage, and features a
separate area dedicated to dishwashing and cleaning to support operations.
The restaurant is fully operational with an existing customer base and infrastructure in
place. This offering provides a combination of an established business, functional
building design, and a lakefront location. DO NOT APPROACH THE BUSINESS.
Market Outlook / Competition
The property is located in the City of Hobart, a well-established Northwest Indiana community known for its historic downtown, lakefront amenities, and proximity to the greater
Chicago MSA. Hobart continues to see new investment and economic growth, highlighted by a $15 billion Amazon data center campus under construction, expected to bring
significant tax revenue, infrastructure investment, and long-term job creation to the area.
Positioned within downtown Hobart, the property benefits from a highly walkable environment with immediate access to local shops, restaurants, and community gathering spaces. The
site sits directly along Lake George and is supported by nearby public parking, allowing for convenient access for both patrons and visitors without reliance on dedicated on-site parking.
The surrounding area includes multiple parks and public spaces adjacent to the property, reinforcing the location as a recreational and lifestyle destination.
Opportunities for Growth
This restaurant is positioned to benefit from a significant local development already generating $47M for the city, which exceeded its entire general fund, with projections reaching $185M within three years. The developer is also funding ~$85M in infrastructure improvements, accelerating upgrades to roads, utilities, and public spaces without added taxpayer burden.

For a restaurant owner, this means increased foot traffic from new workers, residents, and visitors, driving higher and more consistent sales. At full build-out, the city expects ~$50M in annual revenue, growing to ~$62M by 2040, supporting a stronger local economy and ongoing improvements. This is an opportunity to acquire a restaurant in a rapidly growing area with strong long-term upside.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
6,500
Listing Info
ID
2497109
Listing Views
Attached DocumentsAttachment Disclaimer

Tavern Lake Sale Brochure.pdf

Business Location

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Business Listed by: Aaron McDermott

Listing ID: 2497109 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.