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Restaurant In Lake County For Sale

Lake County, Illinois, US
Asking Price:
$1,500,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$4,900,000 (USD)
Cash Flow:
$550,000 (USD)

The Company is a well-established restaurant located in the Suburban Chicago area. The restaurant has been in business for over 20 years and offers catering, carry out, a bar area and video gaming.

The Company is well positioned to continue its performance in sales and profitability. Utilization of the restaurant’s loyal customer base and solid reputation provides an industry related company access to a well established customer base and a competent and loyal workforce.

In 2018, the Company yielded $4,800,000 in revenue with EBITDA of $500,000. The Company is on tract to achieve $4,900,000 in revenue with $515,000 adj. EBITDA for 2019.
 
The key management people will stay with the company, with just the owner leaving. The owner will help the new buyer through the transition period.
 
The Company has a strong customer base and is well known in their market territory. Their key to success has been to provide fresh, quality food at a reasonable price and to provide friendly customer service.

Property Information

Real Estate:

Real Property Included

Location:

The Restaurant building is over 5, 500 square feet. The restaurant area is over 4,000 square feet and the kitchen area is over 1,000 square feet. The seating capacity is 225 people and 50 patio.

Seller wants to lease the building to the new owner.

Premises Details:

Great location busy street

Size in square feet:
5,500

Business Operation

Expansion Potential:

Yes

Competition / Market:

Sales grow every year, tells you something about the competition

Reasons for selling:

The owner feels that it is the right time to sell and wants to spend more time with the family.

Trading hours:

Restaurant Hours:
Monday 11:00 am – 1:00 am
Tuesday 11:00 am – 1:00 am
Wednesday 11:00 am – 1:00 am
Thursday 11:00 am – 1:00 am
Friday 11:00 am – 2:00 am
Saturday 11:00 am – 2:00 am
Sunday 11:00 am – 12:00 am

Kitchen Hours:
Monday 11:00 am – 11:00 pm
Tuesday 11:00 am – 11:00 pm
Wednesday 11:00 am – 11:00 pm
Thursday 11:00 am – 11:00 pm
Friday 11:00 am – 12:00 am
Saturday 11:00 am – 11:00 pm
Sunday 11:00 am – 10:00 pm

Employees:
70
Years established:
1996

Other Information

Support & training:

Up to 90 days

Financing available:

seller note 5% of purchase price

Furniture / Fixtures value:
$480,000 (USD) - included in the asking price
Inventory / Stock value:
$33,000 (USD) - included in the asking price
Related Documents:

Contact EBIT Associates Ltd

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