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Upscale American Restaurant, Bar & Catering

Lafayette, Indiana (Tippecanoe County)

Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price $299,000 Inventory  
Gross Income $1,089,260 Real Estate  
Cash Flow $138,568 Year Established 1997
FF&E $75,000* Employees 17 Full/9 part

* included in the asking price

** not included in the asking price

Established well known Upscale Restaurant & Catering Business in Lafayette, Indiana. It has been in business almost 10 years. This is a full service 130 seat restaurant and bar. It is very popular with locals and corporate executives. Open for dinner only 7 days per week. The owners recently took over the second floor of the building for catering and parties. It is capable of handling parties of up to 300. This restaurant is located in the River Redevelopment District and the new owner would need to obtain a River Redevelopment liquor license which would cost less than $2,000, according to the current owner.

Facilities: Approximately 5,000 square feet at $4,125 per month with 10 years left on the lease.

Financing: Seller will negotiate financing

Support/Training: Seller will provide training and transition assistance.

Reason Selling: Current owners wish to pursue other interests.

AD # 300650

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