Family Diner

Norwood Park, IL (Cook County)

Family Diner

Asking Price:$125,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$150,000

Inventory:$5,000*

Established:1975

*not included in asking price.

Family Diner

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Business Description

This is the local "go to" place for breakfast,lunch or dinner with tasty food,friendly service and reasonable prices.The facility was remodeled about a year ago and is in like new condition.The owners are selling because their primary business'in another industry} requires the majority of their time.
The rent is below market value and the lease has three[3] renewal options for a long term business opportunity.The hours are currently short '7am-8pm} and could be expanded.A Liquor License is attainable.A true "turn-key"!
This is an opportune situation for a dedicated,hands-on owner to succeed at his/her own restaurant business.
HIGHLY CONFIDENTIAL.Please do not approach manager or employees.
Confidentiality Agreement MUST be submitted for further information.Thanks.
Vince c847-778-3571.In contract.

Detailed Information

Inventory:
Not included in asking price
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Corner exposure at signalized intersection.Approximately 2800 square feet.Dining Room seats 90 with an additional 20 seats on the Patio.Fully fixtured. Recently remodeled..in pristine condition.Parking lot in rear.Tenant favorable lease!
Competition:
Only Family Restaurant in this terrific NW Chicago neighborhood.
Growth & Expansion:
Currently "absentee ownership"......needs an active,hands-on owner/operator.
Financing:
Possible with excellent credit and substantial down payment.
Support & Training:
Two [2] weeks transitional training or as negotiated.
Reason for Selling:
Other,primary business interest.

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Vince Ferraro

Business Listed By:
Vince Ferraro

Pontarelli Associates

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