This is your opportunity to continue the legacy of this southeastern Indiana restaurant with real estate for sale. Part of a close-knit community, it attracts both locals and visitors alike. In fact, people come from all over Indiana and surrounding states to enjoy a great meal. Not only does it serve some of the best Southern comfort food around, but it does it with Hoosier hospitality, too!
Customers feel like guests when they step into this restaurant. From the warm welcome to the excellent service, the staff works hard to create a friendly dining experience. The menu tempts diners with appetizers, sandwiches, salads, sides, and entrees. Portions are hearty, with the house specialty being the main attraction. Beer, wine, or cocktails are an enjoyable addition to any meal.
Part of the restaurant’s charm is due to the old-fashioned, sit-down atmosphere. The walls showcase memorabilia. The main dining room seats 120 patrons in booths or at tables. Additional seating for 11 is available at the full bar while the patio seats 16. Parking is available. As a result of the dedicated staff and good food, the restaurant has an 85% repeat customer rate.
Fully staffed, the restaurant is completely turnkey. Not only is real estate available, but the sale includes FF&E and the 210 liquor license, too. There are even more attractive details that we can’t share, as they give the business away. We ask that you fill out a non-disclosure agreement if you are interested in learning more.
Ready to make your own mark? Ready to build on this solid foundation? Want to continue the success of this restaurant? Then don’t hesitate! Contact us today to learn how you can make this restaurant yours!
Investment Considerations:
• Absentee Owned
• Popular Menu
• Seats 150
• $700K Revenue from Single Menu Item
• Management & Staff In Place
• Recent Upgrades
• 85% Repeat Business Rate
• Can Scale to $1M/Year with Current Staff & Owner
• 210 Liquor License Included in Sale
• Real Estate Available
Financial Information
$400,000
Asking Price
$221,557
Cash Flow
$826,807
Gross Revenue
N/A
Down Payment
Business Location
City:
Southeastern Indiana
State:Indiana
Reason for Sale
The Seller wants to spend more time with family.
Detailed information
Year Established:
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 8
Part-Time Employees:2
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: No
Inventory Value:
$5,000
Monthly Rent:
N/A
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$450,000
Building Size: 3000
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.
Facilities
The facility is approximately 3,000 SF. Seating capacity is for 150. It seats 120 in the main dining room with seating for 11 at the bar. Patio seats 16.
Market Outlook/Competition
Competition comes from local area restaurants. However, this restaurant’s reputation draws in customers. Indiana’s single location full-service restaurant industry is growing. The projected annual growth rate for revenue is 2.2% from 2023 to 2028. Locations, employees, and wages are all expected to increase.
Real Estate Description
The real estate is owned by the Seller. The facility is 3,000 SF on .75 AC. The Seller is willing to sell the real estate or lease it for fair market value. The estimated real estate value is $450,000.
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