Tri-State's Leading Steakhouse Restaurant

1 Confidential St., Evansville, Indiana 47715

  • Property Subtypes Food and Beverage
  • Building Size (RSF) 6,554 SF
  • Gross Building Area 6,554 SF
  • Sale Price $699,000.00 - Total
  • Class of Space N/A
  • Total Land Size 1.38 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 1/8/2020
  • Days on Market 315 Days
  • Status active

Overview / Comments

For many years, this restaurant has been a Tri-State landmark steakhouse. This popular steakhouse restaurant has been in business for over 40 years for their flavorful steaks, seafood and barbequed selections. They have a full bar (3-way liquor license) with a wide variety of wines, beer and cocktails. They can accommodate special gatherings for groups from 10 to 80. They have seating capacity for 225. They are proud to be able to say that 40% of their staff have been with them for over 10 years. Their experienced management, kitchen and wait staff will assure that your special event receives their attention to making it a memorable event. This price INCLUDES Real Estate, 3-way liquor license and equipment. The price break down is $324,000 for the business and $375,000 for the real state. Upon receipt of the executed Confidentiality Agreement, you will be provided with the name of the restaurant and a link that will give you access to the historic financials, and other due diligence info.

Additional Details

  • Reason For Selling Retire
  • Tax ID/APN 82-06-22-017-033.001-027
  • Property Visibility N/A
  • Gross Revenue $1,500,000
  • Cash Flow $224,600
  • Cash Flow Type Sellers Discretionary Earnings

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