Restaurant & Banquet Hall for sale in Chicago suburbs ...………...........$2,099,000 plus inventory
Purchase Price – Business (Cash Flow, Equipment, Fixtures, etc...)............Value = $549,000.00 plus inventory** Purchase Price – Real Property (Building & Main Parking Lot, etc...)............Value = $1,750,000.00
Southeast Suburbs of Chicago – Sale includes: the Property, the Entire Business, all Equipment & all Fixtures.
Are you looking for a true “turn-key business” with a long history and lots of potential? Now is your chance. The Owner is retiring. This business generates over $2.25 million in sales each year without doing hardly any advertising. The business has a 2am Liquor License. There are over 32,000 cars driving by the front door of this restaurant each day. This business has a tremendous amount of potential.
This is a full service restaurant & banquet hall serving Italian cuisine, steaks, seafood and pizza. The property consists of 3 banquet rooms, multiple dining rooms, a lounge, 2 bars, 3 offices, a prep kitchen, a main kitchen, multiple storage rooms and a partial basement.
With the right Operator, this business has the potential to generate up to $5,000,000.00 in gross sales. Don’t make a decision until you’ve seen this place.
Pictures of the property and menus can be emailed upon request.
Asking Price: $2, 099,000.00 plus inventory
Gross annual sales (approximately): $2,277,555.00 (reported)
Cash flow or net (approximately): $253,837.00 (reported)
Value of furniture, fixtures & equipment (approximately): $552,000.00
Value of inventory (approximately): $55,000.00 (not included in asking price)
Value of real estate (approximately): $1,750,000.00
Building & Property details (approximately): Zoning is “B-2, limited service business district”, Lot Size is +/- 46,093 square feet (+/- 1.06 acres), Building Construction is primarily masonry, Gross Building Area is +/- 18,334 square feet, Seating for approximately 480 people
Seller Financing: Owners may discuss some financing with qualified & experienced buyer/operators.
Contact: Tony info@abausa.com, American Business Acquisitions, Inc. 312-360-1953
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