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Asking Price:	$1,589,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	In poor health as well as owning multiple business
Year Established:	1988
# of Employees:	60
Yearly Cash Flow:	$160,000
Yearly Gross Income:	$2,050,000

Business for Sale Overview:

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.

Property Features and Assets:

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.

Market Competition and Expansion:

No real competition exists as this business has so many options in terms of food, drinking & banquet space.

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.