Listing Agency: REMAX ONE r***@gmail.com Show Phone

Listed By: Dan Laser · License #RB14040533 Show Phone

Source: Exprealty

Added: Jun 28, 2023 Changed: Sep 5 Last Checked: Sep 8 at 9:11AM

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Investment Insights

Based on property information with market context.

This breakfast/lunch restaurant is being offered for sale as an opportunity to own and operate your own business. The property has new flooring and fresh painting throughout, with LED lighting installed. A new kitchen equipment package is included in the sale, with the exception of four stainless steel tables. In addition, many day-to-day essentials are included, such as tables and chairs as well as dishes, utensils, and related items. The exterior cooler is partially completed, and the remaining wall and cooler system components are available on site. The property is being sold “AS IS.”

The seller describes the business as suitable for a breakfast/lunch concept in a downtown setting at 7 Pearl St in North Salem, IN.

Additional details note that the coffee, hot chocolate, and ice tea machines will stay only if the new owner purchases those supplies from Farmer Brothers. (New kitchen photos are expected soon.)

Key Highlights

• Recently updated interior with new flooring, painting throughout, and LED lighting
• New kitchen equipment included in the sale (except four stainless steel tables)
• Included dining and service essentials: tables/chairs, dishes, and utensils

Property Analytics

Property Profile

Current Use

Breakfast & diners

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Building Supply HVAC Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

44

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 46165, IN

1,562

Population

837

Households

1.9

Avg Household Size

43

Median Age

26%

College-Educated

91%

High-School Grad

41.8 sq mi

ZIP Area

37

Density / Sq Mi

$88,348

Median Household Income

$54,934

Median Earnings

$1,526

Median Rent

$301,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this breakfast & diners located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Breakfast & diner - Recently updated interior with LED lighting and newly equipped kitchen, plus included service essentials and partially completed exterior cooler.

Where is this breakfast & diner located?

The property is located at 7 Pearl St North Salem, IN.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Recently updated interior with new flooring, painting throughout, and LED lighting; New kitchen equipment included in the sale (except four stainless steel tables); Included dining and service essentials: tables/chairs, dishes, and utensils