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Asking Price:	$319,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Health related condition.
Year Established:	2007
# of Employees:	15
Yearly Cash Flow:	$155,000
Yearly Gross Income:	$710,000

Business for Sale Overview:

This is a full-service restaurant with a dining room and a separate lounge/bar. The menu consists of pastas, pizzas, sandwiches, wraps, salads, steaks and seafood dishes. The restaurant opened in 2007. In the few months, it has been operating, this restaurant has already made a name for itself with virtually no advertising at all. The current owner spent over $225,000 on remodeling and purchasing new equipment, and it shows. As you walk in you are immediately greeted by the front desk person. From there you have the option of either going to the right or the left. If you go to the right, you’ll enter the lounge area where you’ll experience a high end sports bar type of atmosphere. Going to the left will take you right into the cozy yet elegant dining room with plenty of tables and high back leather booths, perfect for a private dining experience. Pictures of the restaurant can be emailed upon request. Even without doing much advertising at all, business has been good. Current plans to increase sales even further include offering carryout and delivery. The current owner also plans to roll out a catering menu. Recently, he invested in an automatic dough rolling machine and a new pizza oven to offer pizzas. Another important feature is the location of the restaurant. According to the Illinois Department of Transportation, there are over 26,100 cars driving by the front door each day. Also, the building is so close to the road, you can’t possibly miss it when you drive by. With some advertising, it is only a matter of time before the word gets out and the business really takes off. Note: A copy of the menu can be faxed to you upon request.

Property Features and Assets:

Current lease expires 10/31/2012 with options negotiable. Base Rent is 10% of Gross per Month. Building is +/- 5,110 Square Feet. Plenty of parking. Dining Room seats +/- 95. Bar/Lounge seats +/- 75.

Market Competition and Expansion:

Great outlook for expansion as very few businesses in Rockford has a good sports bar/restaurant vibe.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not 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.