Highly Profitable Italian Restaurant in Mid Central IL for Sale

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Asking Price:
$990,000

Gross Revenue:
$889,373
Cash Flow:
$375,805
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
included in asking price

FF&E:
$150,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This restaurant is a stand-alone authentic steak and pasta house featuring authentic Italian family recipes. Open for lunch (has lunch buffet), and dinner, as well as catering for events (and delivery) It also has 5 gambling machines but only since November and has brought in $4500 per month.

This profitable business has only been in operation for 1 year, and it has growth potential if there is someone to run the front and someone to run the back at all times and if there is an effort to increase the catering business.

Average lunch ticket is $10, average dinner ticket is $20 with some dishes much higher. There is a full-service bar.

The restaurant seats 210, and they have small to medium-sized banquet rooms. The owner currently has a major role in the daily workings of the restaurant. He is selling because he now wishes to concentrate on real estate.

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Listing Info

ID:
1611639
Ad Detail Views:
0

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Business Listed by

Maryann Redhead

North American Alliance of Business Brokers

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Sponsoring Broker:

Scott Radin
North American Alliance of Business Brokers

U.S. Census Data for Illinois
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Illinois
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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