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 below. 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.