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Restaurant for Sale in Chicago, Illinois, Northwest Suburbs..................$6,500,000 plus inventory

SOLDNorthwest Suburbs of Chicago – Sale includes: The Real Estate, the Entire Business, all Equipment & all Fixtures.
This full-service restaurant is located in the Northwest Suburbs of Chicago. The exact location will be disclosed once a confidentiality agreement is signed.  It is a very busy location with over 109,200 cars driving by the restaurant each day.  That’s right........109,200 cars! It’s not a typo. This restaurant is well known in the community because of the fantastic food and wonderful and highly visible location.  It’s a very, very consistent business, even in this economy. 2008 sales were $3,746,000.00. 2007 sales were $3,680,476.00. 2006 sales were $3,743,878.00. 2005 sales were $3,664,187.00.
The restaurant has over 345 seats, 4 dining/banquet rooms, a bar, parking for 133 cars and a huge kitchen.  The business has a full liquor license. The current owners purchased the restaurant in 2002 & have decided to part ways in order for each of them to pursue other interests.
Due to the current owner’s concern about confidentiality, all potential buyers will be required to fill out a short Financial Statement to show they are financially qualified before receiving exact name and location of this extremely busy restaurant.
Total Purchase Price/Business & Real Estate: $6,500,000.00 plus inventory
Gross annual sales (approximately): $3,746,000.00 (2008 reported).
Cash Flow (approximately): $575,011.00 (2008 reported)
Value of furniture, fixtures & equipment (approximately): $325,000.00
Value of inventory (approximately): $75,000.00 (not included in asking price)
Building, Property details (approximately): 2 acres. Gross Building Area is over 10,500 square feet, Seating for approximately 345 people. Real Estate Taxes=+/-$92,338.10. Parking for 133 cars. 2 floors. Zoned Commercial.
Seller Financing: Seller might consider some financing with experienced and qualified buyer.
Contact: Dennis, or 312-360-1955

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