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Family Restaurant - Owner Retiring

Central Illinois, Illinois (Peoria County)

Retail - Restaurants | Retail - Other Food Stores

$Seller Financing Available

Asking Price $399,000 Inventory  
Gross Income $1,450,000 Real Estate  
Cash Flow $120,000 Year Established N/A
FF&E N/A Employees N/A

* included in the asking price

** not included in the asking price

This family restaurant is located in Peoria, IL and has been around for 40 Years. There are a total of 42 employees that could be cut way back. It is open seven days a week until 8 PM. A new owner could be open longer hours, add an ATM, add liquor, and much more. This is an 8000 sq. ft. building with a parking lot that can fit over 50 cars. The restaurant can seat 84 people. The real estate taxes are only $4200 a year. The 2008 sales were over $1,450,000. 2009 is doing great and May was $129,000. The owners benefit per year is about $120,000. The owners need to retire. There is owner financing with $170,000 down and a good credit score. Call today before this is gone.

Seller Financing Available: Yes

Financing: $170,000 down and good credit score

Reason Selling: Retiring

Business For Sale By

Jeff Highfill

217-347-5758

American Business Brokers

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