Evansville, IN (Vanderburgh County)

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Asking Price: $550,000

Cash Flow: N/A

Gross Revenue: $1,758,820



Inventory: N/A

Rent: $11,100 /Month

Established: 2009


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Business Description

Spudz-n-Stuff - 4 Locations in Evansville & Newburgh, IN

Spudz-n-Stuff is a unique quick service restaurant concept that is poised for expansion. A quick carry out or sit down concept anchored by its primary menu items – custom loaded potatoes. From BBQ, to Tex-Mex, to savory favorites like the A1-Steak spud, there are numerous combinations to keep your menu fresh and customers satisfied. Additionally, the namesake product is complimented by Philly sandwiches, nachos, salads, wraps, and gyros. New owners will have these established favorites and the freedom to take the menu in any direction they choose. Opportunities abound with options to license or develop a true franchise structure for expansion into new markets.

-Four (4) locations: Newburgh (2,100 SF/24 seats); Evansville East (4,995 SF); Evansville Central (1,800 SF/40 seats); Evansville North (1,800 SF/36 seats)
-Carryout / Dine In / Catering
-Menu items vary including $8 premium Spudz, $8 Philly sandwiches, $7.50 large salads, $7 gyros and a large order of nachos for $6.50
-Stock sale—buyer assumes corporation and three (3) licensed locations (Newburgh, Evansville Central and Evansville North)
-No transfer of bank liabilities

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Detailed Information

Evansville, IN
Real Estate:
Building SF:
Lease Expiration:
4 Locations in Evansville & Newburgh, IN: Evansville Central-3904 N. First Ave. (1,800 SF/$3,800 Monthly Rent/Month to Month Lease); Evansville North-601 E. Boonville-New Harmony Rd., #200 (1,800 SF/$3,000 Monthly Rent/Lease thru 2021 with extensions available); Newburgh: 4222 Bell Rd. (2,100 SF/$2,100 Monthly Rent/Month to Month Lease); Evansville East: 2403 Washington Ave. (4,995 SF/$2,100 Monthly Rent/2 years remaining on Lease)
None directly in competition, due to the unique QSR design & model.
Growth & Expansion:
Demonstrated past growth to 9 stores, but lacked franchise structure to maintain licensee discipline.
Support & Training:
One owner is willing to be employed to transition new owners to management system. Willing to sign 1-2 year contract.
Reason for Selling:
After ten years of business, ownership is looking for new challenges.
Business Website:
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Business Listed By:
Richard Clements

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