Banquet Hall/Restaurant for sale in Chicago, Property included Business For Sale in Chicago, Western Suburbs, Illinois

Banquet Hall/Restaurant for sale in Chicago, Property included

Chicago, Western Suburbs, Illinois (Cook County)

Food and Beverage - Restaurants | Food and Beverage - Bars and Taverns

Asking Price:	$3,450,000	Inventory:	$35,000 **
Gross Revenue:	$2,148,691 (comments below)	Real Estate:	$2,500,000 ++
Cash Flow:	$336,069 (comments below)	FF&E:	$275,000 ++
++ included in the asking price not** included in the asking price
Gross Revenue Comments: Seller is happy to meet & discuss all details
Cash Flow Comments: Seller is happy to meet & discuss all details

This full-service banquet hall/restaurant and real estate is located in the Northwest Suburbs of Chicago. The exact location will be disclosed once a confidentiality agreement is signed. It is a very busy location with over 20,900 cars driving by the front door of the banquet hall each day. This banquet hall is well known in the community for 2 reasons. The first is the wonderful food and expansive menu. The other reason is the business has been serving people in the community for over 50 years. It’s a very, very consistent business, even in this economy. 2008 sales were $2,148,691.00. 2007 sales were $2,166,967.00. 2006 sales were $2,366,175.00.

The restaurant has over 560 seats, 3 banquet rooms, 3 bars, plenty of parking and a huge kitchen. The business has a full liquor license. In addition to hosting weddings, retirement parties, luncheons, anniversary parties, holiday parties, & fashion shows, they also do outside catering.

About the Business

Year Established:1929

Employees:4 full time -

Facilities:Gross Building Area is over 22,500 square feet, Seating for approximately 560 people. Real Estate Taxes=+/-$62,554.00

Market Outlook and Competition:Nothing with this fantastic history.

About the Sale

Management Training and Support:Yes, as much as needed and discussed during purchase process.

Reason For Selling:Retirement.

Seller Financing:Seller might consider with experienced and qualified buyer.

KEYWORDS: Club, Night Club, Upscale, Upscale Club, Upscale Night Club, Disco, Upscale Disco, Dance, Dance Club, Lounge, Dance Lounge, Upscale Lunge, Martini, Martini Lounge, Bar, Pub, Sports Bar, Tavern, Fast Food, Restaurant, Night Club, Pool Hall, Billiards, Bars, Clubs, Night Clubs, Club, Restaurant, Restaurants, Tavern, Taverns, Sport, Sports, Chicago, Il, Illinois, Pubs, TV, TV's, Televisions, Big Screen, Plasma, Plasma TV’s, Plasma Televisions, lounge, lounges, Cocktail, Cocktails, Food, Fast food, Dining, Dining Room, Eat, Eatery, Great Food, Live, Live Music, Music, Live Music Nights, Contests, Bands, Dj, Dj’s, Dinner, Lunch, Breakfast, Snack, Soda, Beer, Liquor, Neighborhood, Cafes, Pool, Pool Halls, Billiards Hall, Fast Food, Entertainment, Video Games, Juke Box, Dart Board, Darts, Video Food, Fast food, Sandwiches, BBQ, Restaurants, Cafes, Coffee Shops, Deli, Dining, Dining Room, Eat, Eatery, Great Food, Restaurant, Dinner, Lunch, Breakfast, Snack, Soda, Beer, Liquor, Neighborhood, Banquet, Banquets, Banquet Hall, Hall

Sell Your Business | This listing has been viewed 348 times

Bookmark

Contact the Seller

* Bold fields are required

Re: BizQuest ID:	952965
Seller ID:	VBB20091
Your Name:
Your Email Address:
Phone Number:
Message Text:
	Yes, I would like to receive the Buyer's Newsletter.
	Yes, I would like to receive a daily summary of new listings.

Tips for Buyers

close

You can increase your chances of success in buying a business by improving how you communicate with sellers and/or business brokers. It's important to understand that good businesses receive many inquiries through BizQuest, and sellers/brokers are always more inclined to work with buyers who present themselves as serious, motivated, and educated about the buying a business process.

Business brokers will typically require that you sign a confidentiality or non-disclosure agreement (NDA) prior to providing more detailed information about the business.. They will also want to know a bit about you: how serious you are about buying a business, what your financial picture looks like, your time horizon to buy a business, etc.

Because of this, it's best to not ask for detailed information about the business just yet. An effective inquiry that's sure to be taken seriously would be something similar to this:

"I am interested in this business. Please send me the necessary non-disclosure and any additional documents to complete so we can discuss it further."

For more on this subject, see this posting from the BizQuest Blog.

Privacy Pledge

BizQuest has been connecting buyers and sellers for over 15 years, and has earned a reputation for honesty and integrity. We will NEVER sell or share your personal information with anyone other than who you have specifically requested. For more see our Privacy Pledge

NO SPAM ALLOWED

BizQuest has a strong anti-spam policy. Use of this form for any reason other than to inquire about purchasing this business will result in cancellation of your account.

Business Listed By
Dennis Hansmann or Tony Gavros \| American Business Acquisitions, Inc. View All of My Listings


	Recommended Resources Sponsored Links FREE money to buy your new business Business Financing with IRA/401k Funds - No Tax Penalties - An Inc500 Company


	The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.

THE Business for Sale Marketplace

Privacy Pledge

NO SPAM ALLOWED