The Hilltop Restaurant

  • Gross Sales: $470,000+ (upward trend last 4 years)
  • Seller’s Discretionary Annual Earnings: $100,000+
  • Value of Real Estate sold separately: $285,000
  • Value of Furniture, fixtures and Equipment: $31,500
  • Listed Price: $190,000

 

Business Description

  • 50+ year old profitable restaurant in beautiful Southern Indiana
  • Good bookkeeping and should qualify for an SBA loan
  • Great rustic décor and casual atmosphere
  • Caters to families and large groups
  • Loyal customer base
  • Many upgrades over the last 5 years
  • Limited hours allow owner to have a life outside the business
  • Open for dinner service only on Wednesday thru Friday and lunch and dinner service Saturday and Sunday
  • Great opportunity for new owner to continue a long standing tradition

General Information

  • Facilities: The building is 4400 s.f. with seating for 125.
  • Plenty of off-street parking
  • Improvements in last five years include new freezers, coolers, refrigerators, stoves, light fixtures, bathrooms remodeled, and new roof.
  • Building, equipment and real estate are NOT included in the listed price, but are available for an additional $285,000 if the business sells.

Growth opportunities

  • The business does little advertising and new owner could increase for added volume. New owner could add lunch service each day to add volume.

Other information

  • Employees: 12
  • Financing: qualified buyer should be able to obtain SBA financing
  • Reason for selling: Owners are retiring