Business To Buy

Full Service Family Restaurant

Chicagoland, Illinois
This family friendly restaurant is packing 'em in with delicious food, classy surroundings and a fantastic location.With a menu that offers delicious breakfast dishes and exquisite lunch plates, customers are sure to enjoy a dish of their preference. The completely up-to-date, very clean kitchen is a chef's dream. Traffic, especially on weekends, is heavy and brisk. Hundreds upon hundreds of patrons bring their entire family to enjoy the tasty meals offered at this local favorite. The numbers on this business speak for themselves. Suffice to say, this business would be a great opportunity for anyone looking for a proven business model with an established customer base.For more information, e-mail Dana Frazier at dfrazier@sunbeltnetwork.com for a non-disclosure agreement and to initiate next steps.

Financials

Price: $595,000
Gross Income: $1,000,000
Cash Flow: $144,000
FFE: $200,000
Inventory: $15,000
Real Estate Value: $1,900,000

About the Business

Office Reference ID: #N115
Year Established: 2004
Financing:
Training: Seller will stay on and provide training for a period of time and terms to be discussed prior to offer. Seller also acknowledges a non-compete agreement is negotiable.
Facilities: Facility and kitchen are in great condition – only 4 years old. Building is available for lease or purchase.
Competition:
Growth: Among other possible growth opportunities, a new owner could increase cash flow by:o Increasing advertising expenditures and/ or offering specials. The current owner spends very little time or money advertising the business.o Keeping the restaurant open later in the day (it currently closes at 3 p.m. every day). Keeping the restaurant open until 8 p.m. or later would only need to cover variable food, labor and overhead costs to improve cash flow. o Devoting more attention to the business – the current owner also has many other investments.
Business Listed By
Name: Dana J. Frazier
Company: Sunbelt Business Brokers
Phone: 815-806-8401

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