Established Over 35 Years
Northern Indiana, IN
Asking Price: $899,000
Gross Sales: $2,015,905
Net Operating Income: $451,233
Monthly Rent: $7,400
Lease Expiration: 05/2027
Options: Two 5-Year Options
Year Established: 1985
Owner Operated: Yes
Seller Financing:
Food Type: American, Beer & Wine, Breakfast & Lunch/Brunch, Diner
Service Type: Full Service
Business Type: Independent
Sale Type: Business For Sale

Description:

Serving an award-winning breakfast 24/7, along with lunch and dinner. Offering an amazing menu of pancakes, waffles, skillets, omelets, French toasts, steak & eggs, as well as appetizers, salads, sandwiches, burgers, melts, croissants and clubs, plus chicken, steaks, chops, ribs, seafood, pasta and more.

Also, yummy pies. In addition to beer and wine.

Large professional kitchen features a 10-burner stove w/oven, 3 walk-in coolers and 2 walk-in freezers. Ample seating for 100 and ample parking for 60 cars.

A wonderful family-run independent restaurant, no royalty, advertising or transfer fees. Turnkey. Semi-absentee owned with 5 general managers in place.

Well established for over 35 years! And with the same owner for the past 26 years!!

Feel free to stop by the location as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

County: St. Joseph County
Location:

Prime retail space in a freestanding building on the main artery in town near the campus of a major university. Also close to all the key roads and highways.

Perfectly situated near one of the top colleges in the county and in one of the largest cities in the state of Indiana!

Real Estate: Leased
Facilities:

Leased space $7,400/mth gross. Current lease expires in May 2027 with two 5-year options. Square Feet: 3,400. Seating: 100. Days/Hrs of Operation: Open 24-hours. Owners Role: Scheduling and books.

Number of Employees: 50
Support/Training: Two weeks on-site comprehensive training.
Value of FF&E: Included In Asking Price
Value of Inventory: $15,000 (Not Included In Asking Price)
Competition:

Excellent concept - breakfast served 24/7. A good old-fashioned diner. Everything cooked to order and tastes homemade. Known for their quality food - all day and all night. Fantastic meal at any hour. Awesome variety. Lots of wonderful options. Housemade recipes, specials, desserts and soups made fresh daily. Unique entrees from scratch. Tasty homemade comfort food. Everything fresh and delicious. All meats cut in house. Best coffee ever. Casual dining for one and all. Fast friendly efficient service. Staff is well trained, professional, courteous and accommodating. Great food, great atmosphere and great servers!

Growth and Expansion:

A Michiana landmark. A mainstay breakfast place. Staple in the area. Local gem. The “go-to” diner. Best restaurant in town. Area favorite. Serving the community for generations. A university tradition. Integral part of the college experience. Loyal customer base. Loved by many. Tons of regulars. Huge fans. Very popular with locals and visitors alike - students, families, church goers, co-workers, seniors, etc. Customers really appreciate that they are always open. Extremely busy 24 hours a day / 7 days a week. Great reviews. Highly rated and recommended, incredible reputation to continue to build upon!!!

Seller Financing Available: Yes, to a well-qualified buyer with $500,000 down.
Reason For Selling: Retiring.