Tradition-Rich Restaurant/Bar

Tradition-Rich Restaurant/Bar

Company Summary

Very well- established restaurant opportunity available. A staple in the community, this popular restaurant is a casual family dining establishment that offers a full menu and bar service.  It truly is a turn-key operation.

Proven menu with cross-utilization of ingredients and well- trained staff provide consistency of product that has generated a continued increase of sales over the past several years. This is a real opportunity that generates real profitability. Facility is in great condition and lends itself to further growth opportunity. Seller has been at this business for over 20 years and now wants a career change; they are willing to help finance with a qualified buyer.

Investment Highlights

Location: Allen County, IN

Asking Price:  $279,900

Gross Income:  $880,000

EBITDA:$137,000

 Cash Flow:$166,000

Established: Over 20 years in business

Employees:25

Inventory: Approx. $5,000 (*not included in asking price)

Facility:  Available for acquisition.  Building is on a high-traffic thoroughfare with exceptional visibility, has a brand new roof, new electrical service and several new renovations on the    interior. Facility is very clean and in good repair.

Competition:  This restaurant is the only casual-to-fine dining restaurant in the area with full menu and bar. Its been a staple in the area for over 20 years.

Growth & Expansion:  There is an opportunity to grow the existing menu line by streamlining the prep and assembly process and new marketing techniques.  Extending hours could also increase beverage sales.

Financing:  Seller will participate

Support & Training:  Seller will train and offer phone support for predetermined time.

Reason for Selling:  Career change- Seller wants an offer!

 

For more information, please contact Jeff Parrott – (260) 704-6300 …. jeff@bibgroup.net