Turnkey business with apartments in downtown Decatur Indiana
CURRENTLY 2 BROTHERS BAR & RESTAURANT | BUSINESS OPPORTUNITY - INCOME PROPERTY | BAR, RESTAURANT, LIQUOR STORE & APARTMENTS
239 W. Monroe St. Decatur, Indiana 46733
Saturday, November 11th, 2017 @ 10:00 am
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TURNKEY BUSINESS OPPORTUNITY - INCOME PROPERTY AUCTION
Turnkey commercial property: includes bar, restaurant, liquor store, apartments & 3 way license.
CURRENTLY 2 BROTHERS BAR & RESTAURANT • BUSINESS OPPORTUNITY, INCOME PROPERTY
Auction Details: Established Restaurant Still in Operation, 3-way liquor license, carry out, pull-tab license, tobacco license, $10,000 - $15,000 inventory, Equipment, Memorabilia, 8 Income Apartments Above w/ Multiple Entrances & Public Parking Rear of Building.
Great downtown Decatur, Indiana location minutes from big businesses (Bunge North American) and sits on heavily traveled SR224.
Real Estate sells @ 10:00 AM
DRONE VIDEO OF 2 BROTHERS BAR & RESTAURANT -- CLICK HERE TO VIEW VIDEO OF PROPERTY
OPEN HOUSES:
Monday October 30th @ 5-6:30 PM
Monday November 6th @ 5-6:30 PM
Co-Brokered w/ Karen Barger (Imagine Real Estate)
Property Features
- Property Details:
Turnkey business opportunity. Successful bar, restaurant, and package liquor store in thriving downtown Decatur, Indiana. Currently operating as “Two Brothers’ Bar and Restaurant” for nearly 70 years includes all licensing; 3-way on premise, package carry out, pull tab, tobacco, and catering.
2 Story brick building, built in 1892, updated regularly, has 11,356 square feet above ground and 5,678 below grade. 2nd story divided into eight 1-bedroom apartments; 6 currently on monthly leases, 1 in renovation and one above business office is gutted and ready for renovation. Apartments rent for approximately $500/month including all utilities such as electric heat and water. All renters are current.
Newly renovated extra wide city sidewalks on corner lot has multiple entrances for bar, restaurant, family room, party room, package carry-out, and even a commercial office/retail rental space that is currently vacant.
Sale includes all furniture, fixtures, appliances, bar signage, memorabilia, commercial kitchen equipment, POS, business name, and inventories.
P&L’s available upon request.
Taxes: 2016 payable 2017 $5,141.98.
Real Estate Terms
Buyer Brokers welcome (contact auctioneer for details). $35,000 down day of auction, balance on closing. Buyer(s) to pay winning accepted bid price plus a 2.5% buyers premium (2.5% of winning bid) due at closing. Liquor license may be transferred, however, IS NOT CONTINGENT to State approval and is the full responsibility of the buyer. Remaining liquor, tobacco and pull tab inventory included with the sale. Property sold subject to confirmation of the owner. Property sold as-is, where-is. Property sold for cash. (The sale of this property may be financed; however, the sale of this property IS NOT CONTINGENT to financing approval). The information stated in this brochure are the opinions of the sellers, Scheerer McCulloch Auctioneers, Inc. and its agents, however, the decision to bid on the real estate property is entirely up to the individual bidders based on their own individual inspections, research and opinions. All statements, measurements, zoning and tax information are from reliable sources, however, are not guaranteed to be accurate. Statements made day of auction takes precedence over any and all previous oral or written matter. Real estate closing within 30 days of auction. *Real estate taxes: Real estate tax information stated indicates what the current owner is required to pay and is merely a guideline (the new buyer’s real estate taxes may or may not be the same as what the current owners is required to pay). Real estate taxes prorated to date of closing.