Turn-Key Community Anchor Sports Bar & CRE +$2M Annual Gross Sales

Asking Price$2,350,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$100,000
Included in asking price
Real Estate$1,800,000
Included in asking price
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Turn-Key Community Anchor Sports Bar & CRE +$2M Annual Gross Sales


Asking Price$2,350,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$100,000
Included in asking price
Real Estate$1,800,000
Included in asking price
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.
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

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Business Listed by: Mike Becze

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.