Award-Winning Steakhouse Restaurant for Sale in Indiana
Financial Details
- Asking Price:
- $398,000
- Annual Revenue:
- $1,516,013
- Cash Flow / SDE:
- $216,843
- Profit Metric:
- Cash Flow
- Valuation Multiple:
- 1.8x
- Location:
- IN, US
- Source:
- Date:
- September 14, 2025
Key Highlights
Description
This is an exceptional opportunity to acquire a highly reputable, award-winning steakhouse restaurant located in Southwest Indiana. For nearly five decades, this establishment has been a beloved destination for locals and tourists alike, recognized for its premier steaks, ribs, and a comprehensive salad bar. The business boasts a strong track record of success, evidenced by six recent awards and consistent financial performance, including annual sales of $1,516,013 and a cash flow of $216,843. The sale includes approximately $25,000 in average inventory, $65,000 in equipment, and $75,000 in fixtures and furnishings, along with a valuable Indiana State Liquor License. The real estate is also available for purchase at an additional $398,000, with leasing options potentially negotiable. The current owners are divesting to focus on other ventures, presenting a turnkey opportunity for a new owner to step into a well-established and profitable business.
Industry Information
- Industry Description:
- Fine Dining Restaurants
- Classification:
- Restaurants & Food
Operational Snapshot
- Year Established:
- 1975
- Reason for Selling:
- Focus on other endeavors
Real Estate & Lease
- Status:
- Available for Purchase
- Real Estate Price:
- $398,000 USD
Assets & Inventory
- FF&E Value:
- $140,000 USD
- Includes FF&E:
- Yes
- Inventory Value:
- $25,000 USD
- Includes Inventory:
- Yes
Listing Details
- Listing ID:
- dbfbab28-6ef2-4a85-b78b-a49b07bf57ca
- Deal Status:
- For Sale
- Date Posted:
- February 01, 2019
- Last Updated:
- September 14, 2025
- Currency:
- USD