Thirst rises for liquor licenses in Marion County
IBJ.com
Finding the golden ticket of a liquor license in Indianapolis can be tricky—and costly. All 321 permits allowed in Marion County under a state quota have been allotted. Unless a restaurant is opening in an “off-quota” district, the owner has to find someone willing to transfer an existing license.
Contact me to find out more about existing bars/restaurants for sale in Indianapolis!
Inbizsales@aol.com
Showing posts with label bars for sale. Show all posts
Showing posts with label bars for sale. Show all posts
Wednesday, July 7, 2010
Friday, June 11, 2010
Sometimes a bailout can actually prevent progress and growth...
I have followed with fascination the debate about whether or not to bailout banks, car companies etc and the long term effects on our economic system.
I was then struck by a recent example of a situation of where there wasn't a bailout for a struggling local business.
A local bar which was in a great location was failing because of poor and inept management--the place was a mess and eventually closed its doors and the owners suffered a significant economic loss. Enter another set of entrepreneurs who picked up the location at a bargain and who went in and did a significant renovation. A new successful and popular establishment emerged--generating lots more revenue and taxes--employing many more people. The question I ask--what would have been gained if the old bar and gotten a "bailout" and had been allowed to stay in business and limp along following its old management ways?
Tell me what you think...
I was then struck by a recent example of a situation of where there wasn't a bailout for a struggling local business.
A local bar which was in a great location was failing because of poor and inept management--the place was a mess and eventually closed its doors and the owners suffered a significant economic loss. Enter another set of entrepreneurs who picked up the location at a bargain and who went in and did a significant renovation. A new successful and popular establishment emerged--generating lots more revenue and taxes--employing many more people. The question I ask--what would have been gained if the old bar and gotten a "bailout" and had been allowed to stay in business and limp along following its old management ways?
Tell me what you think...
Sunday, March 28, 2010
New Indiana alcohol law raises businesses' spirits
By Julie Crothers, IndyStar.com
Law will be good for sales, they say, though ID rule may be a hassle.
Indiana's bars, restaurants, liquor stores and microbreweries hope to boost their business, thanks to a series of new alcohol provisions recently signed into law by Gov. Mitch Daniels.
Effective March 12, the new statute extends Sunday drinking hours to 3 a.m. and repeals the prohibition of Election Day alcohol sales. Beginning July 1, Sunday carryout sales at microbreweries will be allowed.
Senate Enrolled Act 75 also aims to curtail underage access to alcohol by requiring any establishments that have carryout sales to card all customers who appear younger than 50.
Overall, owners of bars, restaurants and microbreweries say, the law -- which passed the legislature overwhelmingly -- should bring a slight uptick in business because they will have more hours, on Election Day and Sunday, to sell their products.
Business Sherpa says... "Good changes with the exception of requiring everyone under 50 to show ID--not sure of the "benefit" of such a provision"
To read more... click here.
Law will be good for sales, they say, though ID rule may be a hassle.
Indiana's bars, restaurants, liquor stores and microbreweries hope to boost their business, thanks to a series of new alcohol provisions recently signed into law by Gov. Mitch Daniels.
Effective March 12, the new statute extends Sunday drinking hours to 3 a.m. and repeals the prohibition of Election Day alcohol sales. Beginning July 1, Sunday carryout sales at microbreweries will be allowed.
Senate Enrolled Act 75 also aims to curtail underage access to alcohol by requiring any establishments that have carryout sales to card all customers who appear younger than 50.
Overall, owners of bars, restaurants and microbreweries say, the law -- which passed the legislature overwhelmingly -- should bring a slight uptick in business because they will have more hours, on Election Day and Sunday, to sell their products.
Business Sherpa says... "Good changes with the exception of requiring everyone under 50 to show ID--not sure of the "benefit" of such a provision"
To read more... click here.
Tuesday, March 23, 2010
Wednesday, February 4, 2009
Seller Is Closing Restaurant: Great Deal!
OLD TOPPER PUB & STEAKHOUSE
Client #C-N632
727 South Main St.
Greencastle, IN 46135
Real Estate: The real estate is owned by the seller of the business. There are approximately .3 acres of land. The building is 6500 square feet not including the basement.
Equipment: The equipment is in good condition. A detailed schedule of assets to be included in the sale is available upon request.
Training/Transition: The seller is willing to train and transition the Purchaser for a mutually agreeable period immediately following closing to ensure a smooth and seamless transition.
Other Highlights:
-Revenue: $634k
-Cash Flow: $86k
-Real Estate for $235k
-Seller will offer a long term lease if he can't sell the real estate.
-Seller will consider financing part of the sale price with 1/2 down.
-Ran absentee
Asking: $75k
Client #C-N632
727 South Main St.
Greencastle, IN 46135
Real Estate: The real estate is owned by the seller of the business. There are approximately .3 acres of land. The building is 6500 square feet not including the basement.Equipment: The equipment is in good condition. A detailed schedule of assets to be included in the sale is available upon request.
Training/Transition: The seller is willing to train and transition the Purchaser for a mutually agreeable period immediately following closing to ensure a smooth and seamless transition.
Other Highlights:
-Revenue: $634k
-Cash Flow: $86k
-Real Estate for $235k
-Seller will offer a long term lease if he can't sell the real estate.
-Seller will consider financing part of the sale price with 1/2 down.
-Ran absentee
Asking: $75k
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