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Restaurant/Bar for Sale in Chicago, NW Suburbs, Property Included...$1,200,000 plus inventory

SOLDNear Schaumburg, Arlington Heights, Elk Grove Village, & Hoffman Estates  (In Cook County)
Sale includes: The Real Estate, the Entire Business, all Equipment & all Fixtures.
 
Total Purchase Price/Real Estate & Business = $1,200,000
plus inventory
Purchase Price/Real Estate = $850,000
Purchase Price/Business = $350,000
plus inventory
 
This is a full service restaurant that has been in business since 1985 with a reputation for great food and service.  After nearly 25 years, the owners are ready to retire. This well known restaurant has seating for 120 people, a bar, large dining room, annual sales over $1 million, wonderful food and is located in an extremely high traffic area with lots of foot traffic also. They are only open in the evenings and yet they do over $1 million in annual sales. They also have an incidental liquor license. This is a true turn-key operation with no need for remodeling. Stop in, try the food and see for yourself.

Total Asking Price/Real Estate & Business: $1,200,000.00 plus inventory
Gross annual sales (approximately): $1,017,368.00 (as stated by owner)
Cash Flow: $171,121.00 (as stated by owner)
Value of furniture, fixtures & equipment (approximately): $135,000.00
Value of inventory (approximately): $25,000.00 (not included in asking price)
Value of real estate (approximately): $850,000.00
Building, Property, Lease details (approximately): Gross Building Area is +/-3,538 sq ft, Seating for +/- 120 people. RE Taxes = +/-$24,000.00/yr.  Lot size = 4,000 sq ft  
Seller Financing: Owner may discuss some financing with qualified & experienced buyer/operators.
Contact: Dennis, info@abausa.com or 312-360-1955

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