$419,000

Restaurant With Real Estate

Illinois/2 hours from Chicago
for sale
Financials
  • Price: $419,000
  • Gross Income: $331,366
  • Cash Flow: $24,358
  • FFE: $52,500
  • Inventory: $5,000
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #N119
  • Year Established: 1960
  • Financing:
  • Training: Seller will stay on and provide training for a period of time and terms to be discussed prior to offer. Seller will also execute a non-compete agreement.
  • Facilities: 3,251 square foot restaurant and full service bar. Restaurant seats 65, bar area seats 46. Purchase also includes 17.8 acre parcel, including 1,358 s.f. primary residence (2 Bed/1 Bath), 864 s.f. A-frame (generating rental income), and detached 2 car garage (approximately 575 s.f.)
  • Competition:Recreational Hot Spot...Only 3 other full service restaurants within 20 mile radius.
  • Growth: The new owner could increase cash flow by expanding business hours (breakfast), offering pizza carryout/delivery or by adding an outdoor patio area.
  • Employees:

Property Descriptions

Hurry-Well established restaurant prime for new owner. Seller would like to move on to other business opportunities, and has priced this business (with real estate) to sell.This restaurant has a successfully established base of loyal patrons, and is truly a turn key operation for the new owner.Illinois recreational hot spot assures constant business opportunities! The current menu offerings are broad, yet the layout and size of the kitchen can accommodate the creative side of the new owner.Come take a look at this exciting business opportunity!For more information, e-mail Dana Frazier at dfrazier@sunbeltnetwork.com for a non-disclosure agreement and to initiate the next steps.

The information in this listing has been provided by the business seller or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

Business Listed By

Dana J. Frazier 641 N. La Grange Rd., Illinois, Frankfort
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