Steakhouse & Pub For Sale - Central Indiana, IN

PROFILE: Popular College Town Pub & Steakhouse. Real Estate Available.

AD/LISTING INFORMATION
Status: Available
State: Indiana
Location: Central Indiana
County: None Given
City: None Given
Primary Category: Restaurant Related
Alternate Category:   None Given
CONTACT INFORMATION  
USABizMart Ad #:  130161
Seller Or Contact:  Gary Stehle
Primary Phone:  317-573-2100
Alternate Phone:  None Given
Email Address:  See Form Below
Date Ad Started:  10/9/08
Date Ad Last Revised:   10/9/08

FINANCIAL INFORMATION
Asking Price: $190,000
Down Payment: Negotiable
Annual Revenue: $624,000
Annual Adjusted Net: $86,000
   
DETAILED INFORMATION
Franchise: No
Relocatable: No
Home Based: No
Lifestyle: No
Real Estate Included: No
Bkr To Bkr Cooperation: Call

DESCRIPTION: Popular College Town Pub & Steakhouse. This Place Has Been The Place To Go, Both For Locals And College Students. Whether You Want A Great Meal At An Affordable Price Or To Just Go And Have A Beer In The Pub, This Is The Place To Go In Town.

Besides The Current Owner(S), There Are 3 Full-Time And 17 Part-Time Employees. With Exception Of The Current Executive Management, It Is Not Anticipated That There Will Be Any Employee Turnover Resulting From The Sale.

The Real Estate Is Owned By The Seller Of The Business. There Are Approximately .3 Acres Of Land. The Building Is 6,500 Sq. Ft. Not Including The Basement. The Seller Wants To Sell The Real Estate At Fair Market Value (Valued At $400K).

The Equipment Is In Good Condition. A Detailed Schedule Of Assets To Be Included In The Sale Is Available Upon Request.

The Seller Wants To Reduce His Exposure And Consolidate Into A Larger Investment. The Seller Is Willing To Train And Transition The Purchaser For A Mutually Agreeable Period Immediately Following Closing To Ensure A Smooth And Seamless Transition.

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