Turn-Key Community Anchor Sports Bar & CRE +$2M Annual Gross Sales
Business Description
ESTABLISHED SPORTS BAR & RESTAURANT - HOBART'S DOWNTOWN ANCHOR
Tavern on the Lake represents an exceptional turnkey opportunity in Hobart's thriving downtown district. This fully renovated community cornerstone generates $2M+ in annual gross sales while serving as a central gathering place for locals and visitors.
BUSINESS HIGHLIGHTS:
• Prime downtown location driving significant foot traffic
• Extensive seating capacity: 170 indoor, 60 outdoor, 30 bar seats
• Complete recent renovation with modern buildout
• Strong market position with limited local competition
• Loyal customer base in vibrant, walkable downtown area
• Owner available for transition support
FACILITY FEATURES:
• 7,880 square feet of optimized restaurant space
• Indoor and outdoor dining accommodating 260+ guests
• Full bar with 30-seat capacity
• Fresh, contemporary design throughout
• Strategic location anchoring downtown activity
FINANCIAL OVERVIEW:
• Annual Revenue: $2,000,000
• Asking Price: $2,350,000 (includes real estate)
• Real Estate Value: $1,800,000
• FF&E: $100,000
• Strong revenue performance demonstrates market demand
MARKET POSITION:
Positioned as the centerpiece of Hobart's downtown renaissance, this establishment benefits from minimal direct competition in menu offerings, ambiance, and outdoor dining experience. The location serves as a market driver, contributing to the area's continued growth and vitality.
This represents a rare opportunity to acquire a profitable, fully operational restaurant with significant real estate value in a growing market. The combination of strong financials, prime location, and recent renovations creates an ideal platform for continued success.
Confidential opportunity requiring NDA and proof of funds. Please respect active operations - no direct staff contact without prior approval.
Tavern on the Lake represents an exceptional turnkey opportunity in Hobart's thriving downtown district. This fully renovated community cornerstone generates $2M+ in annual gross sales while serving as a central gathering place for locals and visitors.
BUSINESS HIGHLIGHTS:
• Prime downtown location driving significant foot traffic
• Extensive seating capacity: 170 indoor, 60 outdoor, 30 bar seats
• Complete recent renovation with modern buildout
• Strong market position with limited local competition
• Loyal customer base in vibrant, walkable downtown area
• Owner available for transition support
FACILITY FEATURES:
• 7,880 square feet of optimized restaurant space
• Indoor and outdoor dining accommodating 260+ guests
• Full bar with 30-seat capacity
• Fresh, contemporary design throughout
• Strategic location anchoring downtown activity
FINANCIAL OVERVIEW:
• Annual Revenue: $2,000,000
• Asking Price: $2,350,000 (includes real estate)
• Real Estate Value: $1,800,000
• FF&E: $100,000
• Strong revenue performance demonstrates market demand
MARKET POSITION:
Positioned as the centerpiece of Hobart's downtown renaissance, this establishment benefits from minimal direct competition in menu offerings, ambiance, and outdoor dining experience. The location serves as a market driver, contributing to the area's continued growth and vitality.
This represents a rare opportunity to acquire a profitable, fully operational restaurant with significant real estate value in a growing market. The combination of strong financials, prime location, and recent renovations creates an ideal platform for continued success.
Confidential opportunity requiring NDA and proof of funds. Please respect active operations - no direct staff contact without prior approval.
About the Business
- Employees
- 30 (30 Full-time)
- Facilities & Assets
- Brand new kitchen throughout
Includes all FF&E
Completely Turn-key - Market Outlook / Competition
- This location is a market bulwark helping to drive the activity of the flourish downtown. There is little to know local competition as far as menu offerings, ambiance, and outdoor dining is concerned.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 7,880
About the Sale
- Transition Support
- Owner can stay on to transition new ownership
Listing Info
- ID
- 2447062
- Listing Views
- 133
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2447062 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleIndiana Businesses for SaleIndiana Food & Beverage Businesses for SaleIndiana Restaurants Businesses for Sale










