Don’t miss the opportunity to own this downtown Indianapolis bar and restaurant with real estate. The bar is a popular spot for everyone: from lunchtime workers to the party crowd. A large bar provides beer, wine, and cocktails. In fact, their sales mix is 60% alcohol and 40% food. An extensive menu covers all the bases. It includes:
• Appetizers
• Wings
• Egg Dishes
• Salads, Wraps & Sandwiches
• Burgers & Pizza
• Dessert
The bar and restaurant makes it easy to access its menu with online ordering for pickup or delivery. They use third party platforms for delivery orders. They have a large bar as well as booth and table seating in the dining area. It has ample outdoor seating and dedicated parking, too. Recent renovations and major equipment upgrades give the bar and restaurant a fresh look.
This bar and restaurant has the perfect location. Situated in Indianapolis’s busy downtown area, local museums, sports and entertainment venues, hotels, and office buildings surround it. It attracts tourists and locals alike. With close access to I-65, tourists and suburbanites can easily find it. That’s not to say it only attracts out-of-towners. Locals enjoy it, too. The fact that it is within walking distance for many (residents and downtown employees alike) makes it an attractive option for dine-in and carry out.
Not only does this bar and restaurant provide good food and beverages, but it also hosts events. Live music, karaoke, and trivia nights are just some of the exciting events offered. Although these things bring people in initially, it’s the fun, friendly atmosphere that keeps them coming back. In fact, they have an 85% repeat business rate. The Seller does advertise the business. It uses social media, sponsorships, and hosts events to get recognition. However, it’s the locals and review writers that encourage new people to try them out.
A new owner gets an existing business poised for future growth. It is rare to find any downtown business with real estate and dedicated parking. It’s even rarer to find such a popular spot among tourists, locals, and workers. This is your once in a lifetime deal. Contact us today!
Investment Considerations:
• Simple Business Model
• 60% Alcohol & 40% Food Sales
• 85% Repeat Business
• Real Estate Available
• Carries a 210 Liquor License with Gaming & Catering
• Outdoor Seating
• Designated Parking
• Positioned For Growth
Financial Information
$1,750,000
Asking Price
$340,115
Cash Flow
$1,785,409
Gross Revenue
Negotiable
Down Payment
Business Location
City:
Indianapolis
State:Indiana
Reason for Sale
The Seller is retiring.
Detailed information
Year Established:2000
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: No
Inventory Value:
$50,000
Monthly Rent:
N/A
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
On request
FF&E Included?: Yes
FF&E Value: N/A
Training/Support
The Seller is willing to train and transition the new owner for a mutually agreed upon time immediately following closing.
Market Outlook/Competition
While this bar and restaurant has multiple competitors. However, due to their location, offerings, and loyal following it easily attracts new customers. The Indianapolis bars and nightclubs industry is growing. Establishments, employees, and wages are expected to increase through the years 2023 to 2028. Revenues are predicted to grow by 1.3% annually to reach $646M. This rate is higher than the overall industry growth rate.
Real Estate Description
There is 4,972 SF +/- of combined facility space on .22 AC. The property is zoned CBD2. The Seller is willing to sell the real estate or lease it for fair market value.
Save
