Quad Cities Bar & Restaurant 2500 sqft

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Asking Price:
$120,000

Gross Revenue:
$738,000
Cash Flow:
$75,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
$45,000
included in asking price

Real Estate:
$375,000
not included in asking price

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Business Description

This establishment is in a great location with 200k in building & property improvements.

In the heart of the quad cities, the sellers are retiring and are open to a new owner to acquire the current Legends brand and recipes or start their own brand. All equipment included to be up and running with a full service bar & restaurant.

About the Business

Location:
Rock Island County, Illinois
Year Established:
2012
Number of Employees:
9
Real Estate:
Owned
Building Sq. Ft.:
2,500
Facilities:
Seller desires to sell building and property with the business. Large storefront, well known location located by college with recently repaved parking lot, new HVAC & major building improvements. Full bar setup, high production kitchen, main dining room, plus separate party/meeting room or overflow.

Gaming machines net Legends an average of $3,000 per month.

Walk in Cooler, Walk in Freezer, 2 - 6 handle keg units, 1 - 8 handle keg unit, Ice Machine, fridge, kitchen freezer, full service bar & bar stools, beer cooler, char broiler, espresso machine and coffee equipment, gas range oven, keg cooler, pressure washer, salad bar, open grill 30 inch flat top, 30 inch range, 30 inch 2 deep fryers, all chairs and tables, new booths, spacious patio with outdoor seating.
Website:
www.marigoldresources.com/listings/5000-sf-quad-cities-bar-restaurant
Market Outlook/
Competition:
Located in an area that has sizeable population with nearby college and limited options for food/drink.
Growth & Expansion:
Currently doing $2K per day in sales, with little to no promotion. Interior dining and bar decor and build out is significant and with minor effort can be modified to accommodate new owners own theme.
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About the Sale

Reason For Selling:
Retiring
Training/Support:
As needed

Listing Info

ID:
1617374
Ad Detail Views:
0

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Business Listed by

Chris Barnard

Marigold Resources

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Sponsoring Broker:

Todd McGreevy
Marigold Resources


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