Classy restaurant w/bar.....Very, Very Sharp and clean!

Central Illinois, IL (Woodford County)

Seller Financing Available
Classy restaurant w/bar.....Very, Very Sharp and clean!

Asking Price:$195,000

Cash Flow:N/A

Gross Revenue:$200,000

EBITDA:N/A

FF&E:$70,000

Inventory:$7,000

Real Estate:$170,000

Established:1966

Classy restaurant w/bar.....Very, Very Sharp and clean!

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Business Description

OWNERS VERY MOTIVATED TO SELL....AND will review ALL
offers and will consider some seller financing. This family owned
restaurant/bar has had the same family owners for over 40
years. The real estate is included and in excellent condition with
numerous updates over the years. An energetic new owner
could spur new life into a very popular business that has
customers driving 30 miles just to eat their favorite meal. Local
customer support has always been noted. This is a turn-key
operation and ready to go....Don't wait long!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
2 ft / 9 pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This locally owner 40 year young business has the potential to expand. The single story structure is in excellent condition and was updated 5 years ago. VERY CLASSY!
Competition:
There is NO competition within 15 miles....Great location!
Growth & Expansion:
Currently the owners are open Wed-Sat evenings and Sunday brunch. Both the tavern and restaurant do an excellent business but by adding breakfast, take-out and the very popular....and VERY profitable....poker machines, annual sales would grow rapidly.
Financing:
Owners will consider or SBA very possible!
Support & Training:
Owners will train and support new owners if requested.
Reason for Selling:
Poor Health is forcing the owners to retire.

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David Etnier

Business Listed By:
David Etnier

Central Illinois Business Brokers

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