000 In Sales! Richmond, IN 47374
This thriving Richmond, Indiana restaurant and wine bar is a fantastic opportunity for a new owner. Established in 2015 and renovated in 2018, this 4,070 square foot business boasts impressive sales exceeding $400,000 in 2023. Currently operating under a lease expiring March 31, 2027, with a monthly rent of $2000, the remaining lease term is approximately 2.4 years. The sale includes all equipment necessary for continued operation, including ovens, grills, fryers, refrigeration units, bar equipment (kegerators, wine coolers), point-of-sale systems (iPads, tablets, cash drawer, printers), and more. The business benefits from a beautiful, sophisticated ambiance and a strong social media presence, contributing to its popularity as a local favorite. The current owners are relocating, providing a unique opportunity for a buyer to step into a well-established business with minimal upfront investment. The business currently employs 22 people and operates with limited hours, presenting a clear path for increased revenue through extended operating hours. Seller is willing to provide 30 days of manager/owner training. This is an asset sale
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.