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Businesses For Sale > Business For Sale in Chicago Suburbs, Illinois (IL)
Restaurant, Bar, Banquet Rooms, Real Estate For Sale in Chicago, Suburbs
Chicago Suburbs, Illinois (IL)
| Asking Price: |
Gross: |
Cash Flow: |
| $1,569,000 |
$2,050,000 |
$160,000 |
Furniture and Fixtures Value:
$487,000 (included in the asking price)
Inventory Value:
$50,000 (not included in the asking price)
Real Estate:
$1,750,000 (included in the asking price)
Business Summary:
Owner is Retiring and is selling the business and all of the real estate that goes along with it. The Property/Building has recently been appraised at $1,750,000.00 in September of 2007. The restaurant has over 475 seats, 2 bars, 3 banquet rooms, multiple dining rooms, plenty of parking and a huge kitchen. 2007 sales were just over $2,000,000.00 with very little advertising. The business has a 2am liquor license and a separate lounge area.
This full-service restaurant is located near Park Forest, Flossmoor and the Chicago Heights area. The exact location will be disclosed once a confidentiality agreement is signed. It is a very busy location with over 32,000 cars driving by the front door of the restaurant each day. This restaurant is well known in the community for 2 reasons. The first is the wonderful food and expansive menu. The other reason is the business has been serving people in the community for over 20 years.
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| Year
Business was Established: 1988 |
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| Number of Employees:
15FT/45PT |
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| Facilities / Terms of Lease:
Lot Size is over 46,000 square feet (over 1 acre), Gross Building Area is over 18,000 square feet, Seating for approximately 475 people. |
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| Potential
Growth/Expansion:
Excellent growth potential as always at this location. Huge space with so many options in terms of food, drinking & banquet space. |
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| Competition:
No real competition exists as this business has so many options in terms of food, drinking & banquet space. |
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| Owner
willing to finance:
Owners may discuss some financing with qualified & experienced buyer/operators. |
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| Owner
willing to train:
The sellers are happy to discuss all training requirements during the purchase process and are very open to supporting the new owners as much as possible for a smooth transition. to working that out. |
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| Reason for selling:
In poor health as well as owning multiple businesses. |
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Seller Reference Number: 091008
BusinessMart.com Listing Number: 41999 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Dennis J. Hansmann
American Business Acquisitions, Inc.
312-360-1953
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