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Illinois Business For Sale |
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| RESTAURANT, BANQUET ROOMS FOR SALE, CHICAGO BURBS |
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| Attn: Tony |
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| Chicago Suburbs, IL, USA |
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| Asking Price: |
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$1,569,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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In poor health as well as owning multiple
business |
| Year Established: |
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1988 |
| # of Employees: |
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60 |
| Yearly Cash Flow: |
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$160,000 |
| Yearly Gross Income: |
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$2,050,000 |
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Business for Sale Overview:
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Owner is Retiring and is selling the business and all of the real estate
that goes along with it. The Property/Building has recently been
appraised at $1,750,000.00 in September of 2007. The restaurant has
over 475 seats, 2 bars, 3 banquet rooms, multiple dining rooms, plenty
of parking and a huge kitchen. 2007 sales were just over
$2,000,000.00 with very little advertising. The business has a 2am
liquor license and a separate lounge area. This full-service restaurant
is located near Park Forest, Flossmoor and the Chicago Heights area.
The exact location will be disclosed once a confidentiality agreement is
signed. It is a very busy location with over 32,000 cars driving by the
front door of the restaurant each day. This restaurant is well known in
the community for 2 reasons. The first is the wonderful food and
expansive menu. The other reason is the business has been serving
people in the community for over 20 years.
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Property Features and Assets:
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Lot Size is over 46,000 square feet (over 1 acre), Gross Building Area is
over 18,000 square feet, Seating for approximately 475 people. |
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Market Competition and Expansion:
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No real competition exists as this business has so many options in terms
of food, drinking & banquet space. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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