Outstanding, Highly Profitable Steakhouse

Cook County, IL

Outstanding, Highly Profitable Steakhouse
Contact Seller

Asking Price: Get Financing: $3,975,000

Cash Flow: $466,690

Gross Revenue: $3,389,876

EBITDA: $9,549

FF&E: $144,266

Inventory: $179,690

Real Estate: $2,955,000

Established: 1965

Outstanding, Highly Profitable Steakhouse

Get Financing Save Print Share Valuation Report

Business Description

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 $450,000 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. Business is up $400,000 over the last year (9%). 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. 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 $2,955,000. The building has been completely remodeled inside and out and it also includes rental income from 3 apartments 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. 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.

Detailed Information

Included in asking price
Real Estate:
Included in asking price
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
1.85 acres restaurant property. 15,000 sq ft building. Owned by the seller and included in the asking price. Executive Living apartment and office 1,400 sq ft upstairs.
Price, Loyal Customer Base, Reputation, Superior Product or Service
Growth & Expansion:
add carry-out service, add outdoor sports courts, add permanent outside gazebo, increase outdoor seating, add sale staff, expand marketing territory, add new products
Support & Training:
Owner will train the buyer for 3 weeks at no cost.
Reason for Selling:
Other business interests
Contact Seller

Contact the Seller

(from currently available funds)
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Tommy Farmer

Business Listed By:
Tommy Farmer

The Marvin Group LLC

Show Phone Number

View My Listings

Listing Statistics for Premium Members

Ad#:1280902 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Similar Listings