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Business For Sale

Family Restaurant - Owner Retiring

Central Illinois, IL, USA

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$399,000
Not Disclosed
Not Disclosed
$120,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
Not Disclosed
Not Disclosed
42303887

Business for Sale Overview:

This family restaurant is located in Peoria, IL and has been around for 40 Years. There are a total of 42 employees that could be cut way back. It is open seven days a week until 8 PM. A new owner could be open longer hours, add an ATM, add liquor, and much more. This is an 8,000 square feet building with a parking lot that can fit over 50 cars. The restaurant can seat 84 people. The real estate taxes are only $4,200 a year. The 2008 sales were over $1,450,000. 2009 is doing great and May was $129,000. The owners benefit per year is about $120,000. The owners need to retire. There is owner financing with $170,000 down and a good credit score.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Additional Details:

  • The property is owned.
  • The owner may be willing to train/assist 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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