Quad Cities Bar & Restaurant 2500 sqft

Rock Island County, IL

Seller Financing Available
Profitable establishment is in a great location with 300k+ in recent improvements
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Asking Price: $252,000

Cash Flow: $75,000

Gross Revenue: $738,000

EBITDA: N/A

FF&E: $78,883

Inventory: $5,000

Real Estate: $236,000*

Established: 2012

*not included in asking price.

Quad Cities Bar & Restaurant 2500 sqft

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Business Description

This profitable establishment is in a great location with 300k+ in recent building & property improvements.

Located in the heart of the quad cities, the sellers are retiring and are open to a new owner who has their own brand and recipes. All equipment included to be up and running with a full service bar & restaurant.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,500
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Seller desires to sell building and property with the business. Large storefront, well known location located by college with recently repaved parking lot, new HVAC & major building improvements. Full bar setup, high production kitchen, main dining room, plus separate party/meeting room or overflow. Gaming machines net Legends an average of $3,000 per month. Walk in Cooler, Walk in Freezer, 2 - 6 handle keg units, 1 - 8 handle keg unit, Ice Machine, fridge, kitchen freezer, full service bar & bar stools, beer cooler, char broiler, espresso machine and coffee equipment, gas range oven, keg cooler, pizza oven, pressure washer, salad bar, open grill 30 inch flat top, 30 inch range, 30 inch 2 deep fryers, all chairs and tables, new booths, spacious patio with outdoor seating.
Competition:
Located in an area that has sizeable population with nearby college and limited options for food/drink.
Growth & Expansion:
Currently doing $2K per day in sales, with little to no promotion. Interior dining and bar decor and build out is significant and with minor effort can be modified to accommodate new owners own theme.
Support & Training:
As needed
Reason for Selling:
Retiring
Business Website:
http://www.marigoldresources.com/listings/5000-sf-quad-cities-bar-restaurant
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Contact the Seller

(from currently available funds)
 
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Chris Barnard

Business Listed By:
Chris Barnard

Marigold Resources

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Sponsoring Broker:
Todd McGreevy

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