Steak & Seafood with Bar & Entertainment Restaurant

Cook County, IL

Steak & Seafood with Bar & Entertainment Restaurant
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Asking Price: $4,850,000

Cash Flow: $420,000

Gross Revenue: $4,600,000

EBITDA: $520,000

FF&E: $700,000

Inventory: $90,000*

Real Estate: $3,500,000

Established: 1995

*not included in asking price.

Steak & Seafood with Bar & Entertainment Restaurant

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Business Description

Profitable Restaurant business with growth potential !!

The owner purchase the restaurant in 2002.The menu, décor and theme of the restaurant remained the same.
Many employees continued working under the new ownership and are still working there today. Sales continued to increase, adding new customers annually.
The interior of the building is impeccably maintained and in excellent condition. The Village is located along Illinois Route 53 and Interstate 90 in the rapidly growing "Golden Corridor", and as such it has excellent access to the State's Highway system.
The population has risen to over 76,000 residents, with over 47,000 in the work force.
There are now 11 hotels, numerous apartment complexes and a top-rated school system...all conveniently located within 8 miles of O'Hare International Airport.
It contains approximately 10,500 square feet, divided accordingly: kitchen - 2,000 square feet, main dining room - 2,500 square feet, additional dining room - 2,000 square feet, first floor private dining room - 1,000 square feet, bar area - 2,000 square feet, and second floor dining area - 1,000 square feet. The total capacity of the restaurant is 345 people.

AAA VENTURE BUSINESS BROKERS, LTD., can provide financing for a qualified Buyer with 10 down, 25 years financing for the Business, Property & Inventory.

Attached Documents


Detailed Information

Location:
Cook County, IL
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
10,500
Employees:
30
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The interior & external of the building is impeccably maintained and in excellent condition.
Competition:
Non in the area.
Support & Training:
The owner(s) will train the buyer(s) for Four (4) weeks, full-time(40 hours per. week). All training will be done after closing on the sale of the business.
Reason for Selling:
They have other interests and decided that the best thing would be to sell.
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(from currently available funds)
 
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John Mikaelian

Business Listed By:
John Mikaelian

AAA Venture Business Brokers LTD

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