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Turn-Key Broad Ripple Bar & Eatery

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Preview

Tuesday, September 17 | 9am-11am (ET)

Live & Online Auction

Tuesday, October 1st at 10 am (ET)

Auction & Registration Details

This independent bar & eatery package is perfectly positioned to allow a soon-to-be or established restaurateur to thrive in the highly desirable Broad Ripple area. This property features a prime location at the intersection of Westfield Blvd. & Guilford Ave. with the heavily traveled Monon Rail turned pedestrian trail less than a block away. This package is being offered at auction complete with bar & restaurant seating package for over 160, kitchen equipment, bar coolers & 3-way liquor license with carryout grandfathered.

Bidding occurs on October 1st at 10:00 AM both in-person and online. The price of the FF&E and 3-way liquor license will be determined on auction day, but the lease structure and rental rate has been predetermined by the landlord. See the attached Due Diligence Packet for the full asset list, liquor license info and the Non-Disclosure, which can be returned to release the full lease for review.

Physical Assets
• Commercial kitchen equipment package, includes small appliances & utensils;
• Bar coolers, Keg cooler with draft lines, pint and bar glasses;
• Seating package for 160+ (Dining Room, Bar & Patio Seating), includes plates, silverware, drinking glasses and décor.

Property & Lease
Address: 6331 Guilford Avenue, Indianapolis, IN 46220
Size: 2,050+/- square feet per floor (180+ Capacity)
Bar / Dining Area: 1,900 +/-
Kitchen / Storage: 1,500 +/-
Patio: 600 +/-
Parking: Street + 1 Manager’s Space at rear of building.
Zoning: C-4 (City of Indianapolis)
Lease Type: NNN (Landlord responsible for Roof / Ext. Walls / Foundation)
Rate (Monthly): $2,904.17 (lease years 1–3)
$3,075.00 (year 4)
$3,245.83 (year 5)
Shared Expense %: 10.25% of total building rentable square footage
CAM (2019): $760.21 /month
Insurance (2019): $249.42 /month
Taxes (2019): $192.91 /month
Term Start / End: November 1, 2019 / October 31, 2024
Security Deposit: $2,560.00 (Due by October 4, 2019)
Options: One 5-year extension through October 31, 2029
Guarantor: Required to guarantee six (6) months of rent, if terminated early.

License

License Type License Number Expiration
Beer, Wine, Liquor – Restaurant (210) RR4934292 5/13/2020
*Carryout – Grandfathered (See Permit)

General Auction Information
Financial Disclosure Submission Deadline for Bidding Approval: September 23
Approved Bidder Notification: September 27
Auction Terms & $10,000 Deposit Due: October 1 @ 10 AM
High Bidder to Fully Fund Transaction: October 4 @ Noon

 General Auction Terms
$25,000 earnest money deposit & executed terms
Deposit Return Policy for Non-Winning Bidders: Deposit returns will be initiated via ACH within 2 hours of the end of the auction in addition to an confirmation email. 

10% Buyer’s Premium 

Licenses:  Seth Seaton: AU10900115      Auction Co: AC30900124
Seller: C2J, LLC

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