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Highly Profitable Hotel & Restaurant
Location Illinois,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $1569250
Net Profit / Cash Flow $488718
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1968
Number of Employees 35 - 49
Inventory 578000
Relocatable No
Number of Employees 35 - 49
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 a highly successful, very profitable hotel & restaurant in east/central Illinois that is available to a qualified buyer. This business offers a buyer a yearly income of over $450,000 and it has shown consistent growth over the last three years in both the revenues and owner benefit. The hotel is located near a tourist spot and has wonderful amenities like boat hook-ups, an indoor pool & hot tub and much more for their guests. The business derives its revenues from the large varieties of services it offers. There are a number of banquet and meeting rooms that host a variety of occasions from weddings, to conventions and business meetings. The re is also an excellent, full-service restaurant whose menu features a very large variety of food from breakfast and sandwiches to outstanding steaks, seafood and chicken dishes. The rooms and restaurants have also been recently remodeled. Approximately, $1,778,000 in assets are to be transferred with the sale of this business. This includes the real estate itself which is valued at $1,200,000. This is an outstanding and highly profitable business. If you would like more information about this hotel & 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: $3,200,000
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