Turn Key 250 seat full service family restaurant for sale

Financial Information

  • Asking Price: $1,450,000
  • Gross Revenue: $1,572,315
  • Cash Flow: $202,817
  • Down Payment: 0
  • FF&E (Included): $125,000
  • Inventory: $9,000
  • Financing: No

Business Location

  • Rock Island
  • Quad Cities Area
  • Illinois
Primary Business Category: Restaurants

Consistently profitable restaurant business for sale. Same owner 28 years in a great central city location. 200 seat family restaurant business with 4,900 sq ft building and on site parking. Real state is for sale with the business. This is a turn-key business that has been maintained and updated as needed over the years. This is a popular local restaurant with consistently good food, good friendly service, comfortable seating, convenient parking and modest prices. They offer a menu with wide variety of popular american foods and some specialty menu items. Loyal customer base, lots of regulars, a "go to" place.


Competition Description

Normal


Growth / Expansion overview

Business revenues and profits have been good over the years. Delivery could be easily added and would provide for additional income with little additional cost.


Support / Training Comments

Seller is willing to offer support and training as needed to facilitate a smooth transition.


Reason For Sale
retirement
  • Home Based: No
  • Year Established: 1983
  • Franchise: No
  • Year Acquired: 1993
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: Yes
  • Real Estate Value: $950,000
  • Real Estate Asking: $95,000
  • Days Open: 7
  • Hours Open: 6:00 to 9:00
  • Fulltime Employees: 6
  • Part time Employees: 40
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 4900 sq ft
  • Monthly Rent: N/A

Contact Business Broker

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Business Listed by

Sunbelt Moline - Quad Cities

Contact: Milton Anderson
Office Phone: 309-764-1955
Mobile Phone: (309) 236-0739
Listing ID: QUADCIL001-N557

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Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.