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Business For Sale

RESTAURANT & BANQUET HALL FOR SALE IN CHICAGO BURB

Attn: Tony
Chicago Suburbs, IL, USA
Listing Number: "091108"
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Asking Price: $2,099,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: Retire.
Year Established: 1987
# of Employees: 67
Yearly Cash Flow: $253,837
Yearly Gross Income: $2,277,555
 

Business for Sale Overview:

The restaurant & banquet hall is for sale in a Chicago suburb & is a true “turn-key business” with a long history and lots of potential? Now is your chance. The Owner is retiring. This business generates over $2.25 million in sales each year without doing hardly any advertising. The business has a 2am Liquor License. There are over 32,000 cars driving by the front door of this restaurant each day. This business has a tremendous amount of potential. This is a full service restaurant & banquet hall serving Italian cuisine, steaks, seafood and pizza. The property consists of 3 banquet rooms, multiple dining rooms, a lounge, 2 bars, 3 offices, a prep kitchen, a main kitchen, multiple storage rooms and a partial basement. With the right Operator, this business has the potential to generate up to $5,000,000.00 in gross sales. Don’t make a decision until you’ve seen this place. Pictures of the property and menus can be emailed upon request.


Property Features and Assets:

Zoning is B-2, limited service business district , Lot Size is +/- 46,093 square feet (+/- 1.06 acres), Building Construction is primarily masonry, Gross Building Area is +/- 18,334 square feet, Seating for approximately 480 people


Market Competition and Expansion:

Huge growth potential with an already huge gross sales in place.


Additional Details:

  • 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 resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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