Restaurant with Banquet Rooms for sale in Chicago suburbs...............$1,515,000 plus inventory
South/Southeast Suburbs of Chicago – Sale includes: the Entire Business, all Equipment & all Fixtures.
Owner is Retiring
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.
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
Asking Price: $1,515,000.00 plus inventory
Gross annual sales (approximately): $2,050,102.42 (2007 reported)
Cash Flow (approximately): $160,221.37 (2007 reported)
Value of furniture, fixtures & equipment (approximately): $487,000.00
Value of inventory (approximately): $50,000.00 (not included in asking price)
Building, Lease details (approximately): Gross Building Area is over 18,000 square feet, Seating for approximately 475 people.
Seller Financing: Owners may discuss some financing with qualified & experienced buyer/operators.
Contact: Dennis, email@example.com or 312-360-1955