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Businesses For Sale   >>   Illinois Businesses For Sale Categories   >>   

Famous Restaurant

Location  Illinois,United States
Asking Price Range  $250K - $500K
Gross Revenues  $720000
Net Profit / Cash Flow  $100000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1963
Number of Employees  1 - 3
Inventory  520000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will train.
Reason for Sale  Retirement.
Description  Venerable, locally famous eatery in far south suburbs. This enormous far south suburban restaurant is a Chicago-area classic. Nearly from its first day of operation -- during the Kennedy presidency -- the distinctive decor and incredibly delicious food has garnered raves from regional and national press. Now, after years of being culinary beacons for famished south suburbanites, the management of this restaurant is looking for a well-earned retirement. The property boasts a spacious kitchen, several dining areas (including a handy design for serving meetings and banquets), a full, stylized cocktail lounge, and very ample parking. The ''legendary'' status of the restaurant has made current ownership quite comfortable in operations, thereby creating enormous opportunities for aggressive new management. For example, current management does ''just fine'' without benefit of any advertising or special food or beverage promotions. Additionally, when it originally opened, this restaurant was something of a destination in itself, since its suburban location made it a bit of a drive for many in the City. Now, however, recent growth has put this eatery right in the middle of a very wealthy zone of new suburban development. Contact for more information on this Restaurant for sale.
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