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Ilinois Restaurants Business For Sale 26618

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Restaurants Businesses For Sale
UNION BAY GROUP
3401 Evanston Ave. N. Ste. A
Seattle, WA 98103
UNITED STATES

p.2067831717
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Category: Restaurants SIC:
Detail: N/A Price: $3,455,000
County: Down: $0
State/Prov.: IL Adj Net: $419,639
Country: USA Sales: $3,674,897
Relocatable No Home based No Franchise No Lender pre-qualified No
This listing is for an outstanding steakhouse located in suburban Chicago that?s available to a qualified buyer. This highly profitable, vibrant restaurant offers a buyer a substantial income of over $400,000 to a hands-on owner/operator. The popular restaurant?s rustic atmosphere makes their guests feel like they?re on vacation. This is a destination location for people locally and many miles away. They have won numerous awards and have an absolutely stellar reputation in their marketplace for their superior food and service. The business specializes in steaks of the highest quality and it has been voted as the single best restaurant in its area. It has been featured on TV and many local publications. The food is fresh and the steaks are hand-cut on site. Over time, a steady flow of improvements and enhancements have been added. The location features a gorgeous patio and the beautiful dining rooms seats 550 with ample room for group parties and special events. This is an outstanding restaurant in a terrific location with a large and loyal base of customers. There are also 5 video poker machines on site bringing a large amount of revenue. This is a debt-free business. In addition, well over $3,000,000 in assets is to be transferred with the sale of the business. This includes their real estate which is valued at $2,800,000. Their revenues and cash flow have remained strong over the last three years and business profits and sales are up 10% in 2019. The building has been completely remodeled inside and out and features high-end (2BR/2BA) apartment in the living quarters of the building (that can also be used as office space/storage/rental units). There is also an unattached remote lot half a block away for employee parking. It is really something to see (pictures available on request). If you would like more information about this terrific opportunity, or if you would like to schedule a site visit, please contact the agent by phone or by email.
A/R: Real Estate: $2,800,000.00
Inventory: $40,000.00 Other Assets: N/A
FF&E: $600,000.00 Total Assets: N/A
Leasehold: $ Included: N/A

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