Restaurant and Lounge for Sale

Restaurant and Lounge for Sale - $1,589,000.00 plus inventory

Property recently appraised at $1,750,000!

South Suburbs of Chicago - Sale includes: the Property, the Entire Business, all Equipment & all Fixtures.

   Are you looking for a true turn-key business          with a long history and lots of potential? Now is      your chance.

  The Owner is retiring.

  This business generates over $2 million in         sales each year without doing hardly any                 advertising. The business has a 2am Liquor           License. There are over 32,000 cars driving by       the front door of this restaurant each day. This       business has a tremendous amount of potential.

This is a full service restaurant & banquet hall serving Italian cuisine, steaks, seafood and pizza. The property consists of 3 banquet rooms, multiple dining rooms, a lounge, 2 bars, 3 offices, a prep kitchen, a main kitchen, multiple storage rooms and a partial basement.

With the right Operator, this business has the potential to generate up to $5,000,000.00 in gross sales. Dont make a decision until youve seen this place.
Pictures of the property and menus can be emailed upon request.

Asking Price: $1,589,000.00 plus inventory
Gross annual sales: $2,050,000.00 (reported)
Cash flow or net: $160,221.00 (reported)
Value of furniture, fixtures & equipment: $487,000.00
Value of inventory: $55,000.00 (not included in asking price)
Value of real estate: $1,700,000.00
Building & Property details: Zoning is "B-2, limited service business district", Lot Size is +/- 46,093 square feet (+/- 1.06 acres), Building Construction is primarily masonry, Gross Building Area is +/- 18,334 square feet, Seating for approximately 480 people
Seller Financing: Owners may discuss some financing with qualified & experienced buyer/operators.