Business For Sale

Business Overview:

The current owner acquired the property and building in September of 2009. The restaurant was closed at the time he bought it. He spent approximately $600,000 on remodeling, buying new equipment. New signage and getting the place open for business. It's located at the main entrance of a very busy shopping center. Other big corporate chains in the shopping center include Fridays, Red Lobster, the Patio Restaurant, Home Depot, Party City and Big Lots. The Illinois department of transportation reports that there are over 33,600 cars driving by the front door of this restaurant each day.

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.

Property Features and Assets:

The restaurant is a casual steakhouse with an expansive menu including burgers, steaks, ribs, pork chops and a cowboy theme similar to Longhorn Steakhouse. As you walk in the front door, there is a waiting area to the right. The bar/saloon is straight ahead, which has plenty of booths and tables with 17 seats along the bar. The rest of the restaurant is open with lots of windows and booths. There are a total of 195 seats in the building, not including the waiting area. The kitchen is huge and most of the equipment was bought "new" in 2009. There is a separate office, a walk-in cooler and walk-in freezer. Throughout the restaurant there are 16 cameras, which can be viewed online or on your smart phone. Outside, there's more parking than you'll ever need. This place can easily handle $4 to 5 million in sales.

Market Competition and Expansion:

The current owner has other businesses and has no time to manage this business. He has been running it absentee. He hired a couple of managers to run the business. However, they haven't met his expectations. He decided it would be best if he sold the business to somebody who has the time to manage it. Seller is motivated!

Additional Details: