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#5306
Chicago Restaurants For Sale

Money Making Restaurant w/Real Estate in West Chicago Suburb

$2,800,000
Money Making Restaurant w/Real Estate in West Chicago Suburb
This Listing is Expired

Great American Restaurant with real estate that's in great shape, located in a wonderful neighborhood, full bar, large patio dining, lake view and 3.5 acres with lots of parking. 

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Chicago Restaurants For Sale
Lease Term:
Real Estate For Sale

Financials

Last Year's Annual Gross:
$2,178,000
Last Year's Owner's Cash Flow:
$369,857
Last Year's Food Cost %:
30.3
Last Year's Payroll Cost %:
32.0
Last Year's Rent %:
5
EBITDA:
$284,857

Operations

Liquor License:
Full Liquor
# of Full-Time Employees:
22
# of Part-Time Employees:
27
Hours Open:
Daily From 11am-1am
Year Established:
1995
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
170
Outdoor Seating:
90
# of Parking Spots:
109
Inside Sq. Ft.:
4,200
Outside Sq. Ft.:
1000
Lot Sq. Ft.:
107440

Highlights

  • Real Estate Included
  • Town Favorite
  • Long History
  • Full Liquor
  • Absentee Operated - Management In PLace
  • Lot Size 107,440 Sq. Ft.
  • Great Views
  • Room To Improve Profit
  • Well Maintained Building and Landscape
  • Long History of Profit
  • SBA Loan Available

Financing

Down Payment:
$350,000
Will SBA Finance:
Yes
Est. Monthly SBA Loan Payment:
$14,322
Est. Annual Interest Rate:
5%
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
10%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 30,696 59,783 110,364
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,939 20,448 38,556
2010 Persons Per Household 2.86 2.79 2.71
Median House Value $333,600 $308,931 $286,266
Income Per Household $103,401 $96,958 $88,239
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,112 2,082 3,848
2012 Number Of Employees 27,070 57,402 108,414
2012 Total Annual Payroll $550,583,000 $1,289,424,000 $2,356,650,000

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Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.


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