Iconic Springfield Restaurant with Real Estate - Profitable

Springfield, IL (Sangamon County)

Seller Financing Available
Iconic Springfield Restaurant with Real Estate - Profitable

Asking Price:$500,000

Cash Flow:N/A

Gross Revenue:$600,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$275,000

Established:N/A

Iconic Springfield Restaurant with Real Estate - Profitable

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Business Description

One of Springfield's long standing iconic restaurants is for sale. This place has lots of history and has been around for decades. Very loyal customer base and great affordable food. The owner is relocating out of state to be closer to family and has decided to sell.

The business has sales in excess of $600,000 per year and is profitable. Impeccable health department ratings as the kitchen is clean and running efficiently. Capable of cranking out food fast and the opportunity to do even more if the new owner wanted to focus on adding more catering jobs. This is turn key and ready to go. Staff, menus, recipes all included and ready to go. Full bar and video gaming also present.

Real estate is included in the price so you are not wasting money on rent. The business is pre-approved for an SBA loan. Just bring 20% down payment and your desire to work and thrive in this already established local business.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Facilities:
Included in sale price
Financing:
Owner Might Finance a Small Portion
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Seller Relocating

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Dan Sperry - The Business Exchange

Business Listed By:
Dan Sperry - The Business Exchange

The Business Exchange / The Sperry Group

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