Business Summary

This is a full service restaurant and sports bar. On one half of the building is the restaurant, which
specializes in home style cooking for breakfast, lunch and dinner. On the other half of the building is the
sports bar, known for being the local hotspot, with drink specials, music, DJ's and plenty of TV's showing
various sporting events. They also have room to handle banquets (up to 100 people). They have a nice
website and you can download a copy of the menu directly from the website. Their liquor license is a full
liquor license that allows you to serve alcohol until 3:00 AM each day, 7 days a week. All customers must
be out of the building by 3:30 AM.

This business has very strong sales and cash flow, even with absentee owners. An owner operator
would do wonders for this business. You will see from their cost of goods, there's a lot of room for
improvement to lower the costs and make more profits. Their cost of goods for 2010 was about 47% and if
you include supplies (napkins, to go containers, dry goods, etc.) it's just below 48.4%. That's too high, but
common in restaurants with absentee owners. Fortunately, the hourly rate for servers and bartenders in
Indiana is only $2.13 an hour. This is nearly half of what it is in Illinois and saves them a lot of money each
year in payroll costs.

The owners have many other businesses and rarely have time to go to this location. They have a
tremendous amount on their plates right now & are looking to scale back a little. Most of their businesses
are located in Illinois, so it would make sense for them to sell the businesses outside of Illinois.

Property Details

Miscellaneous Details