Restaurant And Banquet Business In Central Illinois For Sale

Business description

Imagine opening your doors in the morning and finding a line of customers just waiting to get into your business? That is what happens every day at this restaurant. Founded in 1975 and purchased in 2002 by the present owners, this restaurant has always been the hometown family favorite for breakfast and lunch. The restaurant has seating for 96 and banquet facilities for up to 250! The kitchen is designed to handle large events. The business comes with parking for 68 cars. In addition, there is plenty of street parking. Now the owners need to go their separate ways and have decided to sell the business. The business is listed at only $349,000!! Reported sales in 2010 were $742,456 and the real estate was appraised at $332,440!! Imagine a restaurant with that sales volume, all the equipment and the real estate for only $349,000!!! Do not wait on this one! This is a HUGE OPPORTUNITY!! Contact Steve by clicking on the contact seller button below.

Property information

Real Estate:

Real Property Included

Location:

Located on a main street.

Premises details:

Seating for 96 and banquet facilities for 250. Parking lots hold 68 cars plus on street parking.

Business Operation

Expansion potential:

Ample room to expand.

Competition / Market:

There are a few competitors but clientele are very loyal.

Reasons for selling:

No longer want to manage the business, wish to pursue past careers.

Trading hours:

Sunday 6 AM - 2 PM, Monday - Saturday 5 AM - 2 PM.

Employees:

9 FT, 6 PT

Years established:

36

Other information

Support & training:

Sellers will train for a mutually agreed to amount of time.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Sellers will consider for a credit worthy Buyer.

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$2,000 (included in the asking price)