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Popular College Town Restaurant for Sale

343
East Central Indiana, Indiana, United States
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Asking Price$381,000
Revenue$1,021,882 Established1972
Cash Flow$224,810 Employees20 full, 12 part
FF&E$130,000* FranchiseNo
Inventory$10,000 RelocatableNo
Real Estate$400,000 Home-basedNo
* Included in Asking Price
Oct 2020 Update - This business is thriving during this pandemic.  YTD sales are up vs. 2019!!! Sales are up 15% and profitability is up almost 58%!  Year to Date numbers have been above 2019 performance even with the shutdown and social distancing. Drive through business thrived for this restaurant during March and April and has continued.  

This popular restaurant in a busy eastern central Indiana college town is a well-established fast-food local brand, offering a wide range of hamburgers, breakfast food, salads, and other American fare. They have been established in this location since 1972, and have enjoyed many years of steady financial performance, even during tough economic times. Their affordable price point, popular menu, well known weekly specials and local community history make them a great opportunity for a savvy restauranteur wanting to step into a well-known financial performer.

This outstanding business has the following attributes:
Strong history of revenue and profitability
Visible, high traffic location on a major retail thoroughfare.
Well known popular menu with famous weekly specials!
Has a drive-thru, in addition to a spacious dining area with seating to accommodate over 100.
Affordable price point allows them to competitively serve their local market.
Strong local brand name in the community.
Recently Renovated!
The owner has built a financially established and strong business and has identified several avenues for continued growth for a new owner-operator. Financial performance is going strong for 2020 and year to date cash flow has already exceeded the total year 2019. This is an excellent opportunity for a new owner operator to step in and experience continued steady revenues and cash flow and get a great established restaurant that is well loved in its community.

Required Licenses: Business, Health
Training/Support:The Seller is willing to train and transition the Purchaser for a mutually agreeable time period immediately following closing.
Sale Reason:Retirement
Ad #112959
Seller Reference #INDIAIN001-N1850
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Contact This Seller
Dave Gorman
(317) 662-2059
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