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Restaurant & Irish Tavern
Location: United States -> Illinois -> Lasalle County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This listing is for a terrific, long-established restaurant and Irish tavern in the far western suburbs of Chicago that is available to a qualified buyer. They are located in a highly-trafficked, tourist area of Illinois and the business offers the buyer a $100,000 yearly income. This business has a stellar reputation in their marketplace with a large base of customers and outstanding online reviews. The restaurant seats 85 and there are long waits with lines out the door on the weekends. However, there is also great growth potential for this business as well with a motivated owner/operator. They are currently open only for lunch and dinner, which are both very busy. A new owner could open for breakfast as well. Also, the business can be expanded to the second floor of their beautiful building into a much needed, tourist driven, bed & breakfast. Video poker can also be added to increase revenue as well.

They offer great food with daily specials and a charming atmosphere with plenty of beers on tap and great combination of Irish and American favorites on the menu. This business has a very loyal tourist clientele and local customer support. Over $300,000 in assets is to be transferred with the business sale as well. This includes their real estate which is valued at $192,000. If you would like more information about this restaurant, or if you would like to schedule a site visit, please contact the agent either by phone (770-886-5100) or by email. Asking Price: $511,000


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $678,254
Cash Flow:   $70,486
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $140,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1972
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner will train the buyer for 3 weeks at no cost.
Reason For Selling:  Retirement




Print Listing Id: 700281014
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Illinois Businesses For Sale > Illinois Franchises For Sale > Illinois Business Brokers



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