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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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

American Restaurant For Sale

Location  Illinois,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $743002
Net Profit / Cash Flow  $65938
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1988
Number of Employees  10 - 19
Inventory  $68500
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Training  Owner will train the buyer for 4 weeks at no cost.
Reason for Sale  Retirement.
Description  This restaurant is nationally known and has been family owned for over 60 years. It has a stellar reputation for its great American food, and its family atmosphere. There is seating for up to 128 people and they are famous for their steaks, catfish and chicken dishes and uses many family recipes. All this is accompanied by a full service bar. Recently, poker machines in Illinois have been legalized. A new owner could add these poker machines for a substantial added revenue. The state is estimating that these machines could earn $20,000 per year each. Adding 5 new machines could increase the revenues by $100,000. This is a very profitable business for the owner with a loyal customer base. The current owner wishes to retire but would like for the tradition to continue. The Seller is also willing to finance a % of the sale to a qualified buyer. If you would like more information about this business, or if you would like to schedule a site visit, please contact the agent either by phone (770-886-5100) or by email. Asking Price: $550,000
Click Here To Contact Seller

    

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