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

Well Established Family Restaurant

Location  Illinois,United States
Asking Price Range  $250K - $500K
Gross Revenues  $278441
Net Profit / Cash Flow  $93784
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1970
Number of Employees  10 - 19
Inventory  $74000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Training  Owner will train the buyer at no cost for 4 weeks
Reason for Sale  Retirement
Description  This listing is for a well-established family restaurant located in central/eastern Illinois that is available to a qualified buyer. This business has been a fixture in the community for over 40 years specializing in terrific home cooking, barbecue and more. This is the local watering hole for the families in the area. Their sales breakdown is 75% food and 25% alcohol sales. The dining room seats about 100 people and they are well-known and have a great reputation. This restaurant has five poker machines and their revenues have increased dynamically since they were added. Customers come from miles around just to play and this inevitably has led to higher food and alcohol sales. A buyer can realize a yearly income between $80,000-$100,000 dollars In addition, approximate $194,000 in assets are to be transferred with the sale of the business including the real estate which is valued at $120,000. 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: $439,000
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