N2243 Broad Ripple 21+ Bar & Event Venue

(PnkpEeCGQ-hKk0LoyYBKO)Broad%20Ripple%2021%20Bar%20Event%20Venue.jpg
Contact Broker
Mail Print Save

Restaurants & Food Businesses for Sale

  • Primary Category: Bars, Pubs & Taverns for Sale

The business is an established 21+ Broad Ripple bar and private event venue operating for approximately 25 years in the Indianapolis metro. It runs across three separately operable spaces — a main dance room (~170 capacity), a lounge (~70), and an outdoor rooftop with full-service bar (~50–60) — with total capacity of approximately 300 occupants.

The venue operates Wednesday, Friday, and Saturday with themed weekly programming, while hosting 40–50 private events annually on a drink minimum model. The compartmentalized layout allows up to three simultaneous private parties before transitioning to public nightlife each evening.

Core operations are managed by a General Manager, supported by a bartending team averaging 7+ years of tenure.

Investment Considerations
• ~18 dedicated parking spots on-site; a rare competitive advantage where parking is a known barrier for competitors
• 40–50 private events annually on a drink minimum model; 19 already contracted through May 2026
• Loyal weekend crowd provide a stable, recurring customer base
• Type 210 3-way Indiana liquor license included in the sale
• Core bartending staff average 7+ years of tenure; minimal transition risk

Financial Information

  • $365,000 Asking Price
  • On request Cash Flow
  • $609,315 Gross Revenue
  • Negotiable Down Payment
  • N/A Adjusted EBITDA

Business Location

  • City: Indianapolis
  • State: Indiana

Reason for Sale

  • Retirement

Detailed information

  • Year Established:
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Full-Time Employees: 8
  • Part-Time Employees: 6
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Inventory Included: Yes
  • Inventory Value: N/A
  • Monthly Rent: N/A
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • FF&E Included?: Yes
  • FF&E Value: N/A

Training/Support

  • The Seller will train and transition a new owner for a mutually agreed upon time immediately following closing.

Real Estate Description

  • The real estate is available for separate purchase and/or negotiation
Business Listed by
image of Brian Knoderer
Brian Knoderer
Sunbelt of Indianapolis
Email Brian
Show Phone Number
Listing ID
INDIAIN001-58891

Contact Business Broker

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Name*
Newsletter

Similar Businesses for Sale

Image of Full Service Restaurant & Bar with Real Estate Available Save

Full Service Restaurant & Bar with Real Estate Available

 Indianapolis Metro Area, Indiana

A single-location, full-service restaurant and bar serving a suburban trade area in the Indianapolis metropolitan area. Food generates roughly 85%...

$3.416m Gross Revenue
$457k Cash Flow
Asking Price $2m
View Listing Save
Image of N2230 Established Multi-Location Market & Restaurant Save

N2230 Established Multi-Location Market & Restaurant

 Central U.S., Confidential

This company is an established market and restaurant providing premium fresh retail and full-service dining through a proven dual revenue...

$4.560m Gross Revenue
$306.2k Cash Flow
Asking Price $940k
View Listing Save