Very Profitable Downtown Bar

Very Profitable Downtown Bar

Easy to Run and Very ProfitableDescription: http://imavex.vo.llnwd.net/o18/clients/fixedfee/images/medical.jpg

Indianapolis
Listing Number:
 2620

Financial Information

Asking Price: $795,000 
Real Estate: Available for Purchase
Gross Revenues: $1,623,874
Cash Flow: $371,408
 

Business Description

17 year old very profitable restaurant & bar located in downtown Indianapolis with established customer base. Books are clean and should be approved for an SBA loan. Extensive food menu with reasonably priced good food that everyone likes. The bar is well attended and the weekends are hopping. 

The owner works approx 40 hours per week to make sure food and drink inventory is stocked up and all the financials are in place. A lot of businesses own the owners, but this business allows the owner to still have a life. Where else can you come to work casual, make friends, talk to a lot of people, have some fun, make light, take care of the books and ordering and make a good living. 

This is a great opportunity for someone new to continue to benefit from this successful business going forward.

General Information

Facilities: The facilities total 4,500 square feet with about half being used for the restaurant. The property is owned by the current business owner and can be either leased or sold to the new buyer. The building is primarily masonry and steel, seats 80+, and is in good condition. There is also off-street free parking available.

Growth & Expansion: This business does very little advertising after enjoying a very established customer base. A new owner could increase the advertising and networking with other local businesses for increasing the restaurant business. There are additional opportunities to expand or create additional revenues for a new owner with the acquisition of the real estate along with the business.

Employees: 20

Financing: A qualified buyer should be able to obtain SBA financing with 20% down

Support & Training: The seller will provide necessary support and training

Reason Selling: Retirement

Contact Information


Contact:
 Scott Lands
Phone: 317-333-6655 x 104

 

Indiana Equity Brokers
5750 Castle Creek Parkway, Suite 275, Indianapolis, IN 46250
Tel: 317-333-6655     Fax: 317-333-6654
info@indianaequitybrokers.com

 

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