Restaurant and Bar for Sale
Restaurant
and Bar for Sale - $315,000.00 plus inventory
Rockford-Dekalb Area – Sale includes: Entire business, equipment & all fixtures. Full Liquor License.
After remodeling, the restaurant opened to the public in the middle of September, 2006. For the 1st six months, the average monthly gross sales were $89,293.86. Then in April of 2007, due to the rapidly growing community, the most comprehensive roadwork in the history of the area began.
The restaurant is located in a large strip mall with three main entrances.
Due to the road construction, the two closest entrances to the restaurant were closed completely. Since those two entrances have been closed the average monthly sales have dropped to $71,946.07. The roadwork is was completed last November and sales are back on the rise.
Asking Price: $315,000.00 plus inventory
Cash Flow or Net: $100,386.00 (As Stated By Owner)
Gross Annual Sales: $927,814.72 (As Stated By Owner)
Value of Furniture, Fixtures & Equipment: $105,000.00
Value of Inventory: $8,000.00 (not included in asking price)
Value of Real Estate: Not included in sale
Building, Property, Lease details: Rent is approximately $2,350.52 a month. The space is approximately 2,400 square feet. There are approximately 115 seats, including the seats at the bar.
Seller Financing: Owners may discuss some financing with qualified & experienced buyer/operators.
Rockford-Dekalb Area – Sale includes: Entire business, equipment & all fixtures. Full Liquor License.
This is a classy yet casual full service restaurant
and bar for sale
has a full liquor license.
The menu consists of steaks, seafood, pasta, chops, salads, sandwiches, appetizers and desserts.
This location has been a restaurant
since 1970.
The
previous owners
retired due to health and age and sold to the current owners
in 2006.
After remodeling, the restaurant opened to the public in the middle of September, 2006. For the 1st six months, the average monthly gross sales were $89,293.86. Then in April of 2007, due to the rapidly growing community, the most comprehensive roadwork in the history of the area began.
The restaurant is located in a large strip mall with three main entrances.
Due to the road construction, the two closest entrances to the restaurant were closed completely. Since those two entrances have been closed the average monthly sales have dropped to $71,946.07. The roadwork is was completed last November and sales are back on the rise.
Asking Price: $315,000.00 plus inventory
Cash Flow or Net: $100,386.00 (As Stated By Owner)
Gross Annual Sales: $927,814.72 (As Stated By Owner)
Value of Furniture, Fixtures & Equipment: $105,000.00
Value of Inventory: $8,000.00 (not included in asking price)
Value of Real Estate: Not included in sale
Building, Property, Lease details: Rent is approximately $2,350.52 a month. The space is approximately 2,400 square feet. There are approximately 115 seats, including the seats at the bar.
Seller Financing: Owners may discuss some financing with qualified & experienced buyer/operators.
