Established Restaurant and Lounge
Location: Illinois
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $879,000
Gross Revenue: $850,000
Cash Flow Comments: Seller will reveal
Inventory: $4,500 (Included in Asking Price)
FF&E: $50,000 (Included in Asking Price)
Real Estate: $600,000 (Included in Asking Price)
Seller Financing: Seller will consider.
Business Summary
Established Restaurant & Lounge, in a growing, small central Illinois community,
located at an Interstate exit. It is adjacent to both lodging and service station businesses. The 5,000 sq. ft. building was built and established in 2000 and the owner has developed a solid presence and reputation for offering excellent food at affordable prices and great service to their guests.
This currently is a family style restaurant with a large banquet room facility, with combined seating capacity of over 100. It includes a lounge that has a separate outside entrance, seats over 60, and has a paved, ample parking lot for over 40 vehicles.
The business lends itself to flexible options from a family restaurant, to a steak house or sports bar.
located at an Interstate exit. It is adjacent to both lodging and service station businesses. The 5,000 sq. ft. building was built and established in 2000 and the owner has developed a solid presence and reputation for offering excellent food at affordable prices and great service to their guests.
This currently is a family style restaurant with a large banquet room facility, with combined seating capacity of over 100. It includes a lounge that has a separate outside entrance, seats over 60, and has a paved, ample parking lot for over 40 vehicles.
The business lends itself to flexible options from a family restaurant, to a steak house or sports bar.
About the Business
Year Established: 2000
Employees: 20 full time - 5 part time
Facilities: 5000 sq ft building with total seating capacity of 166 between front restaurant, dining room and lounge.
About the Sale
Management Training and Support: Seller will train for a mutually agreed upon amount of time.
Reason For Selling: Owner is moving to Europe
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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