Family Restaurant – Ripley County, IN

photo of comfi food dish
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photo of comfi food dish
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  • Property ID: 383
  • Date added: 10/26/21
  • Broker: William Goss
  • Asking Price: $ 1,000,000.00
  • Revenue: $ 1,200,000.00
  • Cash Flow: $ 236,000.00

Description

 photo of comfi food dish       Family Restaurant, Ripley County, Indiana

Revenue:  $1,200,000     EBITDA:  $250,000       Cash Flow:  $236,000      FF&E:  $1,000,000          Established:  2000
Business Description
Destination Family Restaurant

Family-owned casual American restaurant.  Provides high quality,fresh food with top of the line personal service at reasonable prices.  Seats 140 happy diners located at the intersection of 2 major highways, 60% of customers are local 40% are travelers.

The restaurant is a popular destination for travelers across the Midwest.  Contact William L. Goss for more information, 317-575-9000.

Detailed Information
Location:           Ripley County, IN located on 2 major highways near Casino Riverboats
Inventory:        (Included in Purchase Price)

Employees:      125 FT, 12 PT

Facilities:          6,000 Sq. Ft. building

Real Estate:      Building sitting on property that has space to build a 40-60 room motel

Growth & Expansion:    The owners have conducted a feasibility study on the property and it is suitable for the expansion of a highway motel for 40-60 guests on the site.

Financing:             Seller financing available at 6%

Support & Training:   Owners would provide for a smooth transition of ownership

Reason for Selling:     Retirement

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