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Established Steak & BBQ Restaurant For Sale
Location Illinois,United States
Asking Price Range $250K - $500K
Gross Revenues $141002
Net Profit / Cash Flow $79032
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1985
Number of Employees 10 - 19
Inventory 134000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Owner will train the buyer for 2 weeks at no cost.
Reason for Sale Personal reasons.
Description This listing is for a well-established steakhouse and BBQ restaurant located in northern Illinois that is available to a qualified buyer. This profitable business offers great food in a family atmosphere. It features a large dining room, a 50 seat banquet hall and outdoor dining for the warmer months. They've also just recently added 4 state-approved poker machines which will significantly add to the revenues. A buyer could realize a six-figure income with the purchase of this business. The restaurant has a large menu of steak, seafood, BBQ, pizza and more. It is a highly popular business in the area with a large base of loyal customer and a stellar reputation in their marketplace leading to great reviews for the business. Additional revenue can also be attained through catering and there is a large opportunity to add delivery as well. In addition, a buyer can increases revenues by opening for lunch and extending their evening hours. Approximately, $134,000 in assets are to be transferred with the sale of the business. The real estate is available separately from the asking price for $555,000. 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: $275,000.
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