Indiana Lake Community Destination Restaurant

 Service / 182 views / New Listing

Price: $200,000.00

Come live the lake life and earn money with this Indiana lake community destination restaurant and bar! Customers come from miles around to enjoy good food and live entertainment. In business for nearly 100 years, it’s known for its waterfront views. It offers lunch and dinner only. The menu is filled with American classics. These include pork tenderloins, fresh fish, burgers, tacos, sandwiches, salads, and more. The bar has a great selection of beer and cocktails. During the summer, patrons enjoy shows on the patio. Stellar preparation, outstanding service, and live entertainment make this destination restaurant the place to be!

The town sees between 400,000 to 500,000 visitors a year during peak season. Since the restaurant has a prime shoreline location, it is always busy. It easily serves 200-750 people a day. Over 5,400 square feet provides ample seating indoors and out. Indoor seating capacity is 123 with patio seating at 120. A large asphalt lot provides 80 parking spots. Recent updates include a fresh look and increased functionality. The restaurant and bar carries a 3-way liquor license with gaming endorsement and catering. The sales break down is 76% food and 24% beverage.

A strong mix of year-round and seasonal regulars keep the business going in slower months. Ownership uses social media to gain new customers. Continued updates along with weekly specials keep regulars coming in. Reviews are highly positive, like this one from Yelp: “The food and drinks were fantastic, and the service was top notch!! Not one thing bad to say!!”.

Destination Restaurant Growth Areas:

  • Expanding indoor and outdoor seating areas
  • Offering a breakfast menu
  • Increasing online presence
  • Offering online ordering, curbside pickup, and delivery
  • Partnering with local business to promote the restaurant to tourists

Besides the business there is a rental unit on the property. New ownership can live in it or lease it for additional revenue.

Ideal owner works hard, loves lake living, and is ready to take on the challenges of a busy, destination restaurant and bar for sale.

Investment Considerations:

  • Tourist destination: between 400K-500K visit each year
  • Prime shoreline location
  • Carries a 3-way liquor license with gaming endorsement and catering
  • Indoor seating for 123
  • Patio seating for 120
  • 80 space asphalt lot
  • Ample space for expansion
  • Rental unit for additional revenue

Restaurant Financial Information

YTD (January-October) 2022 Sales = $834,139 and Cash Flow = $74,503

2021 Sales = $1,058,845

2020 Sales = $870,000

2019 Sales = $702,509

 

 

 

 

** For more information regarding this Indiana Lake Community Destination Restaurant for sale, click the link below. IBA requires a A Non-Disclosure Agreement signature before details can be disclosed**

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  • Reason For Sale : Sellers are pursuing other business opportunities
  • Year Established : 1925
  • Location : Central Indiana
  • Revenue : $1,058,845
  • Listing # : N2064

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