Restaurant & Sports Bar In NW Indiana Property Included For Sale

Business description

Located in Northwest Indiana Sale includes: the Business, the Real Estate, all Equipment & all Fixtures.
Purchase Price / Business only = $450,000 plus inventory
Purchase Price / Real Estate = $875,000
Total Purchase Price / Business & Real Estate = $1,325,000 plus inventory

This is a full service restaurant and sports bar. On one half of the building is the restaurant, which specializes
in home style cooking for breakfast, lunch and dinner. On the other half of the building is the sports bar,
known for being the local hotspot, with drink specials, music, DJ's and plenty of TV's showing various
sporting events. They also have room to handle banquets (up to 100 people). They have a nice website and
you can download a copy of the menu directly from the website. Their liquor license is a full liquor license that
allows you to serve alcohol until 3:00 AM each day, 7 days a week. All customers must be out of the building
by 3:30 AM.

This business has very strong sales and cash flow, even with absentee owners. An owner operator would
do wonders for this business. You will see from their cost of goods, there's a lot of room for improvement to
lower the costs and make more profits. Their cost of goods for 2010 was about 47% and if you include
supplies (napkins, to go containers, dry goods, etc.) it's just below 48.4%. That's too high, but common in
restaurants with absentee owners. Fortunately, the hourly rate for servers and bartenders in Indiana is only
$2.13 an hour. This is nearly half of what it is in Illinois and saves them a lot of money each year in payroll
costs.

The owners have many other businesses and rarely have time to go to this location. They have a tremendous
amount on their plates right now & are looking to scale back a little. Most of their businesses are located in
Illinois, so it would make sense for them to sell the businesses outside of Illinois.

Property information

Real Estate:

Real Property Included

Premises details:

RE Taxes = $21,00.00/yr. Building is approximately 7,200 sq ft. There are about 150 seats in the restaurant & about 85 seats in the bar area. It's a 1 story building with plenty of parking.

Other information

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner may discuss some financing with qualified & experienced buyer/operators.

Inventory / Stock value:

$45,000

Lease asking price:

$450,000