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Established, Profitable Restaurant
Location Illinois,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1507375
Net Profit / Cash Flow $220293
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1938
Number of Employees 20 - 34
Inventory $388414
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Owner will train the buyer for 4 weeks at no cost.
Reason for Sale Retirement.
Description This listing is for a well-established, highly profitable and popular restaurant located in the southwest Chicago suburbs that is available to a qualified buyer. Situated along historic Route 66, this business has been serving the road weary traveler for decades. The menu features a large array of chicken dishes, sandwiches, burgers, ribs, shrimp dishes, steaks and a full bar. This restaurant offers daily drink specials and they host live music and numerous special events. They have also been featured on TV shows that have brought a very large number of customers to this business that continue to spread terrific word-of-mouth about this business. The owner is currently earning a significant financial benefit and a new owner could easily continue making a yearly income of over $200,000. Over the last three years, this business has seen consistent growth in their revenues and the owner benefit. In addition, over $500,000 in assets are being transferred with the sale of the business. The revenues and cash flow figures below are from only a ten month period of 2010. Also, a new owner can add an additional $100,000 to their bottom line by changing the restaurant from a full-service (waiters and waitresses) to a casual serving establishment. If you would like more information about this highly profitable restaurant, 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: $1,390,000
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