Absentee run Restaurant $260,334 Cash Flow-pre-approved w/bank

Schaumburg, IL
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Asking Price:$699,000
Gross Revenue:$1,464,948
Rent:$7,760
FF&E:$258,770
Cash Flow:$298,808
Inventory:$50,000
EBITDA:$298,808
Established Year:2011
BUSINESS DESCRIPTION

Absentee owned restaurant in upscale western suburbs of Chicago. Owner only does paperwork, staff runs everything.
$298,808 Buyer's Income Benefit, 8,800 customers **pre-approved w/bank**
$320,000 assets to transfer to buyer.
Visit us@:
https://tangentbrokerage.com/search/?listingId=clu8sonob002tzxmwj7yn4ty3

This popular restaurant's atmosphere makes their guests feel like they're on vacation. This is a destination location for people locally and many miles away. They have won numerous awards and have the reputation in their marketplace for superior food and service.
This popular restaurant's atmosphere makes their guests feel like they're on vacation. This is a destination location for people locally and many miles away. They have won numerous awards and have the reputation in their marketplace for superior food and service.


DETAILED INFORMATION
Location
Schaumburg, IL
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,600
Lease Expiration
30/06/2025
Employees
24
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
**pre-approved w/bank**
Competition
**pre-approved w/bank**
Growth & Expansion
**pre-approved w/bank**
Support & Training
30 days training for free included with sale; available via cell phone afterwards.
Reason for Selling
Retirement
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Charles
Howard
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Charles Howard