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Two Cash Cow Restaurants With Real Estate For Sale

Chicago, Illinois, US
Asking Price:
$6,200,000 (USD)
Sales Revenue:
$4,669,000 (USD)
Cash Flow:
$813,000 (USD)

These two restaurant and sports bar are situated some of the best neighborhood in Chicago metro and include prime corner locations with real estate. These are absentee operated with a regional office and each restaurant contains their own management team. You don't need to operate these businesses yourself.

These restaurants have operated for decades and now the family says we're getting too old so let's sell. This broker believes with some concept upgrades in the look and feel of these restaurants could add more customers. The restaurants feel too much like they are in the 80's.

SBA Loan

These businesses qualify for an SBA loan with 2019 revenues are approximately $4,669,000 with cash flow available for financing of about $813,000. These numbers are reported on tax returns.

Give me a call and I can qualify you for purchasing these businesses.

Location #1

There are 4,200 Sq Ft. plus a basement and large second story office space. There are 2.47 Acres of prime corner location property with a large parking lot and nearby high tech facilities. There's a large outside patio over looking a lake. There are 22 full-time employees and 27 part-time employees. 2019 revenues $2,178,000 and EBITDA $285,000.

Location #2

There are 2,000 Sq. Ft. plus basement and large second story office space. There is 1.45 acres of prime corner location property in one of the wealthiest suburbs of Chicago. There are 18 full-time employees and 25 part-time employees. 2019 revenues were $2,491,000 and EBITDA of $528,000.

Both locations must be purchase and will not be split.

Property Information

Real Estate:

Lease

Business Operation

Trading hours:

7 Days Lunch/Dinner

Employees:
92
Years established:
1980-Present

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