Riverfront Bar & Grill in Rural Indiana w/Real Estate
Location: Indiana > Harrison County
Industry: Food and Beverage > Bars and Taverns
Financials
Asking Price: $250,000
Gross Revenue: $324,869
Gross Revenue Comments: 2007 tax return
Cash Flow: $14,997
Cash Flow Comments: Buyer should discuss finances with Seller
Inventory: $3,000 (Included in Asking Price)
FF&E: $50,000 (Included in Asking Price)
Real Estate: $194,000 (Included in Asking Price)
Seller Financing: May consider small amount
Business Summary
This is a large and unique bar and grill located on the riverfront in rural Indiana. The business was started in 1990 and has been a great destination for persons within a 30+ mile radius area. It has all licenses (type 210) to sell until 4AM and open Sunday. Local area competition closes at midnight and not allowed to sell on Sunday. The facility is large and allows for live music on weekends, a full-service bar and a complete kitchen for for lunch and dinner preparation.
About the Business
Year Established: 1990
Employees: 1 full time - 5 part time
Facilities: The building is 4100 square feet and has a large gravelled parking area. The kitchen is fully equipped. There is a nice one bedroom apartment above the facility that is currently empty. (The owner previously stayed there but has now moved into with her mother.)
Market Outlook and Competition: The business has no competition in the area for the late hours or the live entertainment. An improved menu could bring additional diners from surrounding counties and make the spot a distination site for both live entertainment and casual dining.
About the Sale
Management Training and Support: Owner will provide assistance as needed.
Reason For Selling: Owner is burned out.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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