Established turnkey family style Restaurant + Property for Sale

I am posting this on behalf of a family friend. HILLTOP Restaurant is a 73 year old family business, currently under its sixth ownership. We serve family style comfort food and are considered a destination location attracting customers from hundreds of miles away, even out of state. Based in Spencer, Indiana this profitable iconic restaurant has delivered stable growth, since it’s latest owners took over nearly a decade ago. Hilltop is a stable turn-key business poised for meaningful growth with many strategies outlined in the attached document. With a little marketing sophistication and a dedicated catering vertical, this business could easily double. The restaurant building is owned and in excellent condition with a new roof and HVAC. It is 4,000 square feet with a 125 person capacity. The restaurant sits on a beautiful 15-acre property providing countless opportunities to build upon and expand for on-site events (i.e. weddings, graduations). Hilltop is near McCormick’s Creek State national park which attracts ~640k visitors per year. Spencer is just outside of Bloomington, Indiana, home of Indiana University (IU) with over ~40k students and faculty. The owners have served many catering parties at IU over the years but this catering vertical is untapped. Recipes for salad dressings and orange marmalade, persimmon pudding, cakes and pies are all proprietary and a potential wholesale opportunity (CPG). It is preferred that both the business and property will be sold together but would consider separating the two and sell the business if the buyers would rather pay rent for the real estate to the sellers. Open for discussion. The owners are now ready for retirement and will provide reasonable onboarding training to the new buyers to ensure a smooth transition. Please DM me with any immediate questions or feel free to reach out to Chris Grubb directly for serious inquiries.