THE SHERMAN INN & BAR – 35 S MAIN ST | BATESVILLE, IN 47006

AUCTION DATE: SEPTEMBER 21ST, 2022 NOON PT
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Investment Highlights

The Sherman is a 170-year old historic inn, restaurant, bar and event center located downtown in the growing community of Batesville in Southeast Indiana. A recently added outdoor Biergarten and adjoining Bier Hall top off the business lending it multiple streams of revenue from its hospitality and restaurant venues. These include 22- boutique guest rooms, a front lounge/lobby area, the 1852 Historic Dining Room with Tudor décor and murals depicting cafes one might see in Vienna, Austria, three private dining rooms (120-, 25- and 12-person capacities) and the Black Forest Bar Restaurant featuring detailed artwork depicting its namesake region in Germany — all meticulously renovated. This connects to a unique 3,000 sf landscaped outdoor venue adorned with a colorful mural (the Biergarten) and a 7000 sf Bier Hall Restaurant and Entertainment venue renovated from the first floor of an early 1900s factory. There is street-facing retail space that could be leased and a catering truck with access to a loading dock and a garage. Additionally, there is 33, 000 sf warehouse/factory made up of 3 floors above the Bier Hall that could be used to expand operations for additional revenue.

The Sherman Inn, Black Forest Restaurant and the Biergarten & Bier Hall are currently profitable and positioned for further growth and expansion.

  • Strategically located between Cincinnati and Indianapolis
  • Established and well-known already regionally as well as nationally due in part to past association with Batesville Caskets of Hillenbrand Industries
  • Fully renovated and immaculately clean the businesses are poised to drive growth and higher revenues
  • Potential for expansion of businesses with warehouse space
  • Opportunity to take benefit of well-trained staff

Property Features:

  • Real Estate and Business sold together
  • Boutique Hotel featuring 22 completely renovated rooms all with different floor plans
  • Upscale Dining at The Black Forest Restaurant
  • Biergarten and Bier hall offer casual dining and a variety of outdoor events
  • Events throughout the year to drive traffic
  • Outstanding growth and expansion potential with 33,000 SF Warehouse space on 3 floors

Investment Overview

  • Property Address: 35 S Main St, Batesville, IN 47006
  • Property Type: Boutique Hotel, Restaurant, Bar, Event Space, and Warehouse
  • Square Footage of Building: 56,000 SF
  • Lot Size: 2.7 Acres
Offering Memorandum
Due Diligence
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