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Prime Restaurant Location

Location  Illinois,United States
Asking Price Range  $250K - $500K
Gross Revenues  $926397
Net Profit / Cash Flow  $231242
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1986
Number of Employees  10 - 19
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  Other business interests.

Description  
This listing is for the former location of a popular restaurant in northeast Illinois that is available to a qualified buyer. There is currently no business here (the financials below represent their last year at the location). However, it is ready for a new restaurant to be started right at this location. There is no equipment, but all the hook-ups are available. The establishment has been completely cleaned, the roof is under warranty, with all new HVAC and all new plumbing as well. The location is close to I-94 in a free-standing building with a terrific patio. This potential business is in a fantastic location with high traffic and great visibility. The restaurant moved in 2007 and it housed a spa until 2011. When open, the restaurant at this location yielded the owner a yearly income of over $231,000 (2007) and consistently over $170,000/year. The interior needs some upgrades and the owner will help with consulting & food commissary/prep if needed. An SBA loan and construction loan are available to a qualified buyer as well. 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: $269,000


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