Business For Sale Listing 148568
Restaurant, Banquet Rooms 4 Sale in Chicago, Burbs
Status as of Oct-10-2008 at 06:00 PM: Active
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.
Categories
Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million (1,589,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (160,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $1 Million and $2.5 Million (1,589,000) |
