Restaurant /Bar for sale in Rockford…….................................................$299,000.00 plus inventory
Rockford, Illinois – Sale includes: The entire business, equipment & fixtures.
This is a full-service restaurant with a dining room and a separate lounge/bar. The menu consists of pastas, pizzas, sandwiches, wraps, salads, steaks and seafood dishes.
The restaurant opened in 2007. In the few months it has been operating, this restaurant has already made a name for itself with virtually no advertising at all. The current owner spent over $225,000.00 on remodeling and purchasing new equipment, and it shows. As you walk in you are immediately greeted by the front desk person. From there you have the option of either going to the right or the left. If you go to the right, you’ll enter the lounge area where you’ll experience a high end sports bar type of atmosphere. Going to the left will take you right into the cozy yet elegant dining room with plenty of tables and high back leather booths, perfect for a private dining experience. Pictures of the restaurant can be emailed upon request.
Even without doing much advertising at all, business has been good. Current plans to increase sales even further include offering carryout and delivery. The current owner also plans to roll out a catering menu. Recently, he invested in an automatic dough rolling machine and a new pizza oven to offer pizzas. Another important feature is the location of the restaurant. According to the Illinois Department of Transportation, there are over 26,100 cars driving by the front door each day. Also, the building is so close to the road, you can’t possibly miss it when you drive by. With some advertising, it’s only a matter of time before the word gets out and the business really takes off.
*Note: A copy of the menu can be faxed to you upon request.
Asking Price: $299,000.00 plus inventory
Gross annual sales (approximately): $710,464.84 (As Stated By Owner)
Cash flow or net (approximately): $155,000.00 (As Stated By Owner)
Value of furniture, fixtures & equipment (approximately): $125,000.00
Value of inventory (approximately): $15,000.00 (not included in asking price)
Value of real estate (approximately): Not included in sale
Building, Lease details (approximately): Rent is currently 10% of gross sales however the property owner is willing to renegotiate and will consider a fixed monthly base rent. The space is approximately 5,110 square feet. There are approximately 170 seats, including the seats at the bar.
Seller Financing: Owner may discuss some financing with qualified & experienced buyer/operators.
Contact: Dennis, email@example.com or 312-360-1955