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Breakfast And Lunch Restaurant With Built In Equity!!

La Salle County, IL

Breakfast And Lunch Restaurant With Built In Equity!!
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Asking Price: $299,000

Cash Flow: $131,000

Gross Revenue: $668,000

EBITDA: N/A

FF&E: N/A

Inventory: $20,000

Real Estate: $399,000*

Established: 1961

*not included in asking price.

Breakfast And Lunch Restaurant With Built In Equity!!

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Business Description

SBA PRE-APPROVED!!!

Own a Profitable a Piece of the Community

Everyone loves a diner! Especially buyers who see astronomical
growth potential!

Advertising, social media, a food truck, the possibilities for growth are
endless.

Comfort food and an attentive, caring staff have built this 48-year
institution, with a large repeat customer base and established catering
contracts with local government offices. Customers vote with their
wallet to the tune of $668,000 in gross sales in 2018 and rave reviews
on Facebook, Yelp, and Google.

The seller recently upgraded and renovated the entire restaurant with
$176,000 in capital improvements including a new HVAC, AC, and
parking lot. The sale includes exceptionally maintained kitchen
equipment, catering supplies, and a delivery truck.
The real estate has been appraised at $521,000 and selling below
market value with the business.

This is a phenomenal opportunity to put your mark on a profitable
business with built-in equity and $120,000 cash flow.

Detailed Information

Location:
La Salle County, IL
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
3,281
Employees:
11
Facilities:
Seats 135, everything up to date and in compliance with code. No surprises at closing.
Competition:
No other competition in this area of town.
Growth & Expansion:
Could open up for dinner, expand catering, run a food truck.
Support & Training:
30-45 days
Reason for Selling:
Retirement
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Dana Jennings

Business Listed By:
Dana Jennings

BBDC

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Sponsoring Broker:
Toby Barker

Listing Statistics

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