Semi-Absentee Owned Full Service Restaurant For Sale

Martinsville, IN

N2090 Absentee Owned Full Service Restaurant

Asking Price:	$400,000
Gross Revenue:	$1,260,859

Cash Flow:	$236,398

Listing ID: 2208301Listing provided by BizBuySell

BUSINESS DESCRIPTION

Are you looking for your next restaurant? Do you want extra income while maintaining your current job? Or are you the hands-on type looking to make a legacy legendary? Then this semi-absentee owned full service restaurant is ideal for you! It has everything in place a new owner needs for success: management, staff, recent upgrades, house recipes, recurring business, and plenty of room to grow with state and national expansion opportunities.

The restaurant offers a menu of customer favorites including:
• Appetizers
• Entrees
• Sandwiches

Using proprietary recipes and seasonings, menu items are made fresh daily. It also offers seasonal and kids menus. Customers can easily place their orders online for carryout convenience. Dining room seating is for 70 people. An additional 40 person room is used for events with in-house catering. There is ample parking in the paved lot.

This popular full service restaurant draws customers from all over. Many come back on an annual basis. In fact, about 66% of business comes from repeat customers. Besides word of mouth and rave reviews on sites like Yelp and Trip Advisor, the owners advertise on local radio. However, most new customers come in as a result of passing by the restaurant. Between 6,000 to 9,000 vehicles pass by on a daily basis. This number increase with summer and holiday travels. It also draws in locals because it is close to shopping, dining, and entertainment.

Currently semi-absentee run, management and staff are in place and handling the day-to-day operations. With high volume sales and poised for future growth, this an opportunity you don’t want to miss out on!

Investment Considerations:
• Popular Business
• Absentee Owned
• Management & Staff In Place
• Offers Dine In, Carry Out & Catering
• Seats 110 Plus
• Recently Updated Equipment & Systems
• High Visibility in Busy Location
• Strong Repeat Business
• Growth Opportunities Available
• High Sales Volume

ATTACHED DOCUMENTS

N2090 Profile .pdf Download

DETAILED INFORMATION

Location

Martinsville, IN

Inventory

Not Included in asking price

Employees

Facilities

The facility is approximately 2,600 SF with monthly rent of $2,850. The current lease automatically renews at the beginning of each October and runs for a year.

Competition

There is minimal competition, most of which comes from fast food places in the community. The Indiana full-service restaurant industry is expected to see growth from 2023 to 2028. Revenues are expected to grow by 2.2% (annually) to reach $3.1 billion. The number of locations, employees, and wages are also to see growth.

Growth & Expansion

Opportunities to grow the business include: • Purchase a 2-Way Liquor License • Take On More Catering Work • Return to Original Operating Hours • Expand to Other Areas • Create A Chain or Franchise

Support & Training

The Seller is willing to train and transition the new owner for a mutually agreed upon time immediately following closing.

Reason for Selling

Retirement

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