Are you looking for your next restaurant? Do you want extra income while maintaining your current job? Or are you the hands-on type looking to make a legacy legendary? Then this semi-absentee owned full service restaurant is ideal for you! It has everything in place a new owner needs for success: management, staff, recent upgrades, house recipes, recurring business, and plenty of room to grow with state and national expansion opportunities.
The restaurant offers a menu of customer favorites including:
• Appetizers
• Entrees
• Sandwiches
Using proprietary recipes and seasonings, menu items are made fresh daily. It also offers seasonal and kids menus. Customers can easily place their orders online for carryout convenience. Dining room seating is for 70 people. An additional 40 person room is used for events with in-house catering. There is ample parking in the paved lot.
This popular full service restaurant draws customers from all over. Many come back on an annual basis. In fact, about 66% of business comes from repeat customers. Besides word of mouth and rave reviews on sites like Yelp and Trip Advisor, the owners advertise on local radio. However, most new customers come in as a result of passing by the restaurant. Between 6,000 to 9,000 vehicles pass by on a daily basis. This number increase with summer and holiday travels. It also draws in locals because it is close to shopping, dining, and entertainment.
Currently semi-absentee run, management and staff are in place and handling the day-to-day operations. With high volume sales and poised for future growth, this an opportunity you don’t want to miss out on!
Investment Considerations:
• Popular Business
• Semi-Absentee Owned
• Management & Staff In Place
• Offers Dine In, Carry Out & Catering
• Seats 110 Plus
• Recently Updated Equipment & Systems
• High Visibility in Busy Location
• Strong Repeat Business
• Growth Opportunities Available
• High Sales Volume
• Seller Willing to Carry $100K Contract
Financial Information
$400,000
Asking Price
$236,398
Cash Flow
$1,260,859
Gross Revenue
Negotiable
Down Payment
Yes
Financing
Business Location
City:
Martinsville
State:Indiana
Financing Comments
The Seller is willing to take a $100,000 contract.
Reason for Sale
The Seller is retiring.
Detailed information
Year Established:
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 6
Part-Time Employees:18
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: No
Inventory Value:
$12,000
Monthly Rent:
$2,850
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 2600
FF&E Included?: No
Training/Support
The Seller is willing to train and transition new ownership for a mutually agreed upon time immediately following closing.
Facilities
The seller leases the 2,600 SF facility. It has seating for 70, plus an 40-person event room. A drive-thru was added during the pandemic.
Market Outlook/Competition
There is minimal competition, most of which comes from fast food places in the community.
Save
