Business To Buy

Restaurant With Real Estate

2 hours from Chicago, Illinois
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.

Financials

Price: $419,000
Gross Income: $331,366
Cash Flow: $24,358
FFE: $52,500
Inventory: $5,000
Real Estate Value: $0

About the Business

Office Reference 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.
Business Listed By
Name: Dana J. Frazier
Company: Sunbelt Business Brokers
Phone: 815-806-8401

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Business Listings by: Dana J. Frazier

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