Highly Profitable, Award Winning Restaurant
Location Illinois,United States
Asking Price Range $500K - $1.0M
Gross Revenues $673222
Net Profit / Cash Flow $399167
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1975
Number of Employees 20 - 34
Inventory 300000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Owner will train the buyer for 4 weeks at no cost.
Reason for Sale Other business interests.
Description This listing is for an award winning, well-established and profitable restaurant located in northern Illinois that is available to a qualified buyer. This restaurant features award winning pizza and ribs. The establishment seats 85 and it features a full bar. The business offers take-out service that brings in a substantial amount of revenue. This is a highly profitable business for the owner that has consistently yielded an income of over $200,000 per year. TheyyyyyyA?ve been a fixture in their marketplace for over 30 years and have earned a stellar reputation for their superior food and outstanding service. The business is situated in a free-standing building with a 2,300 sq ft 3BR/2BA apartment upstairs. In addition, over $750,000 in assets are to be transferred with the sale of the business including the real estate that is valued at $450,000. If you would like more information about this terrific restaurant 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: $775,000.
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