Profitable Restaurant for Sale by Owner

Saint Clair County, IL

Profitable Restaurant for Sale by Owner
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Asking Price: $180,000

Cash Flow: N/A

Gross Revenue: $500,000

EBITDA: N/A

FF&E: $140,000

Inventory: N/A

Rent: $5,000 /Month

Established: 2006

Profitable Restaurant for Sale by Owner

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Business Description

Family owned restaurant for sale due to retirement

The sky is the limit to the buyer of this authentic restaurant; fully equipped and with trained staff in place, it offers the benefit of a turnkey operation. The facility and location provide a great opportunity to take over a profitable business with an extensive customer base, excellent reputation, future booked events, growing demand for catering, established off-site vendor connections during beer fest and holiday seasons. Ideal for a chef, a baker or a brewer to start a craft brewery/ taproom/ sports bar or wedding venue. The future of this investment has endless possibilities due to successful products based on family recipes that suggest franchising or creating a new product line. Indoor seating 150 and additional 100 outdoor seating for increased occupancy during summer and fest seasons.

Detailed Information

Real Estate:
Leased
Building SF:
3,980
Lease Expiration:
N/A
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located on a private road, 3980 sf building, fully furnished, dining room, party room with Fireplace, bar and enclosed waiting area. Clean and well maintained kitchen, recent water heater and air conditioning upgrades. East Patio (covered and furnished), West Patio furnished with tent, and large Beer Garden area. Outdoor Volleyball court, 65 parking spaces, large storage area, well maintained green space. Seller owns the property; Terms of Lease to be negotiated.
Competition:
No comparable business within 35 miles. This specialty restaurant is ideal for the upcoming Chef or restaurateur to continue the dining destination. This business is well suited for future expansion due to increasing catering requests and by adding hours/ days of operation- or easily convert to a Wedding Reception Venue, Sports Bar or Wine Bar.
Growth & Expansion:
This business is well established with its growing market area. Located in a safe and growing community, 30 minutes from ST. Louis, conveniently close to Interstate, three major highways, airport and 5 min from large military base. Our Niche market concept has proven successful, large, loyal customer base, customers drive up to 60 miles to dine here. Fun atmosphere, live entertainment on weekends and established fest calendar. News letter list and contact information.
Support & Training:
Owner is willing to train /consult for a fee (limited time). Equipment list, manuals and maintenance schedule, warranties and service companies available. Vendor and supplier contacts. Qualified buyers only, financial information and equipment list available with a confidentiality agreement. Please do not disturb employees or daily operations.
Reason for Selling:
Retirement
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Business Listed By:
Renate Gray

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