Business For Sale

2649KK Midwest Landmark Restaurant with RE

Not Disclosed, IL


Asking Price: Annual Revenue:
$799,000 $1,678,639

Food & Beverage: Restaurants, Fast Food, Deli


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RE: 2649KK Midwest Landmark Restaurant with RE Broker: Ken Kunkel

Quick Facts

Asking Price: $799,000
Annual Revenue: $1,678,639
Net Profit: Not Disclosed
Cash Flow: $199,964
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 370913435
Broker Reference #: 2649KK

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Business Overview:


TAKE $800,000 OFF ORIGINAL PRICE ON THIS LANDMARK RESTAURANT (BUFFET STYLE) WITH REAL ESTATE INCLUDED IN THE SALE. MAKING GREAT MONEY
Owner financing available--- call me .

NEW PRICE ON THIS RESTAURANT NETTING OWNER 300K PLUS A YEAR

* BRAND IDENTITY * STABLE LABOR FORCE
* 30 PLUS YEARS CONSISTENT RETURNS * 132,000 A YEAR IN RENT
* NAME RECOGNITION * SELLER VERY MOTIVATED
* OUTSTANDING YIELD * TURN-KEY OPERATION
* INCREDIBLE CAP RATE * PRICED WELL BELOW MARKET

This landmark restaurant continues to serve great food and service to people all over the Midwest, Owners are ready to retire after 35 years and have this business priced to sell. WE have great employees in place to help new owner for an easy transition. PROFITS ARE GREAT ALONG WITH SALES. and owner pays another $132,000 a year back to their holding company for more income. The restaurant itself has a very large well -equipped kitchen, seating for up to 300 plus, private dining rooms and parking for over 100 cars This is a true turn-key restaurant and new owner could easily add liquor sales and promote catering for even greater sales. BANKS WILL LOVE THIS BUSINESS AS IT IS ~ SBA FINANCE-ABLE. The sellers have a great website that is included in this sale. THE NEW PRICE IS $ 799,999 with real estate valued at over $1.3 million. Please call Ken Kunkel at 636 346 0293 or our office at 314 842 3802 for more information on this Landmark restaurant. ID#2649KK

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Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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