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Restaurant For Sale
Location Illinois,United States
Asking Price Range < $250K
Gross Revenues $197600
Net Profit / Cash Flow $99990
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2005
Number of Employees 4 - 5
Inventory $120000
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training Owner will train the buyer for 2 weeks at no cost.
Reason for Sale Other business interests.
Description This listing is for an outstanding pizza take-out/delivery business located in the northwest Chicago suburbs with seller financing of $20,000 over 3 years. This is a long-established, multi-store family business from a well regarded family owning a group of restaurants. The owner is VERY motivated to sell and cannot operate the business at this time. The owner has their main store in Chicago for 30 years and is not able to dedicate the desired amount of time to both businesses. So, the owner is looking to sell their suburban location. Currently, the owner is an absentee owner and is paying 2 extra personnel to run things for him. Based on the seller's calculations, a new owner who operates the business personally can realize between $1,500 and $1,700 weekly (6 day net). This is a great opportunity for a buyer to align themselves with a business that already has an established reputation for superior quality food and service along with a large base of customers. The menu offers a fantastic and large variety of pizza, pastas, salads, sandwiches, wings, dinner specials and many more items. They also offer catering services at this business. With the sale of the business, over $180,000 in assets are to be transferred including over $110,000 in equipment alone. Due to the cityys no-alcohol ordinance, the business closes at 9PM allowing the owner family time. If you would like more information about this business opportunity, 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: $79,000
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