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Well Established Restaurant
Location: United States -> Illinois -> Schaumburg
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

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.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $4,900,000
Cash Flow:   $680,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $33,000
Seller Financing:  Yes

About The Business

Year Established:  1996
Number of Employees:  50 - 99
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Retire




Print Listing Id: 700330965
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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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