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Famous Restaurant
Location: United States -> Illinois -> Chicago
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Venerable, locally famous eatery in far south suburbs. This enormous far south suburban restaurant is a Chicago-area classic. Nearly from its first day of operation -- during the Kennedy presidency -- the distinctive decor and incredibly delicious food has garnered raves from regional and national press. Now, after years of being culinary beacons for famished south suburbanites, the management of this restaurant is looking for a well-earned retirement.

The property boasts a spacious kitchen, several dining areas (including a handy design for serving meetings and banquets), a full, stylized cocktail lounge, and very ample parking.

The ''legendary'' status of the restaurant has made current ownership quite comfortable in operations, thereby creating enormous opportunities for aggressive new management. For example, current management does ''just fine'' without benefit of any advertising or special food or beverage promotions.

Additionally, when it originally opened, this restaurant was something of a destination in itself, since its suburban location made it a bit of a drive for many in the City. Now, however, recent growth has put this eatery right in the middle of a very wealthy zone of new suburban development. Contact for more information on this Restaurant for sale.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $720,000
Cash Flow:   $100,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $520,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1963
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will train.
Reason For Selling:  Retirement.




Print Listing Id: 70055767
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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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