| PROFILE: This Upscale Restaurant & Bar Is Located In A Free Standing Building |
| Status: |
Available |
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| State: |
Indiana |
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| Location: |
Indianapolis |
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| County: |
Marion |
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| City: |
Indianapolis |
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| Primary Category: |
Restaurant Related |
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| Alternate Category: |
None Given |
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| USABizMart Ad #: |
130508 |
|
| Seller Or Contact: |
Larry Battershell |
|
| Primary Phone: |
317-573-2100 |
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| Alternate Phone: |
None Given |
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| Email Address: |
See Form Below |
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| Date Ad Started: |
8/6/08 |
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| Date Ad Last Revised: |
8/6/08 |
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| Asking Price: |
$515,000 |
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| Down Payment: |
Negotiable |
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| Annual Revenue: |
$782,000 |
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| Annual Adjusted Net: |
$134,000 |
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| Price Range: |
$500,001-$1 Million |
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| Franchise: |
No |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
Call |
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DESCRIPTION: This Upscale Restaurant & Bar Is Located In A Free Standing Building In A Historic Neighborhood In Indianapolis. It Has A 3-Way Liquor License. There Is A Large Kitchen And A Large Parking Lot. The Establishment Seats 135 Plus 60 In Banquet Room Seating. It Also Has An Outdoor Patio Which Seats 40.
This Establishment Opened In 2001 And Was Voted One Of The Top 25 Restaurants In The Indy Metro Area. Very Nice! There Has Been Strong Sales Growth. It Is A Popular Concept, A Real Gem!
Besides The Current Owners, There Are 17 Full-Time And 8 Part-Time Employees.
The Real Estate Is Owned By The Seller Of The Business. The Building Is 4,700 Sq. Ft. The Seller Is Willing To Sell The Real Estate At Fair Market Value Or Lease It For Terms And Conditions To Be Negotiated Prior To Closing. Should The Purchaser Elect To Lease, The Seller Is Willing To Provide The Seller With A First Right Of Refusal To Purchase Real Estate.
The Equipment Is In Very Good Condition. A Detailed Schedule Of Assets To Be Included In The Sale Is Available Upon Request. 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.
The Purchase Price Does Not Include $10,000 Of Inventory Valued At The Seller’s Cost. The Seller Will Consider Financing A Portion Of The Sale With A Substantial Downpayment. |
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