Established Bakery & Restaurant $1.6M Revenue / Real Estate Included

Litchfield, IL

Seller Financing Available

Bakery & Restaurant
Asking Price:$1,050,000
Established Year:1925
Gross Revenue:$1,639,000
BUSINESS DESCRIPTION

This Bakery & Restaurant is a staple in the community for over 101 years serving up exceptional quality bakery goods and restaurant meals that keeps people coming back. Serving breakfast, lunch and dinner. Dine-in, and Carryout with a convenient drive-up window that always has a line of cars. Equipped with a large kitchen that can handle all the demands. The restaurant has a big following with amazing online reviews. The restaurant/bakery building space is approximately 4014 sf, and sites on ~.9229 acres of paved parking space for customers Bakery/Restaurant Located in Central Region of Illinois Fully operational Bakery and Restaurant that has been operating for multiple decades Real Estate of the restaurant and bakery in prime location with high traffic visibility (4,014 SQ FT, .9229 Acre) Extensive amount of Bakery / Restaurant Equipment (~100K+) 100’s of proprietary specific recipes that have been used over the years. Consistent sales revenue over the last three years of $1.6M per year


DETAILED INFORMATION
Location
Litchfield, IL
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,014
Employees
23
Facilities
Building is approximately 4014 sf Land 43,560 / .9229 Acres Real Estate last appraisal $576K in Sept 2022 Extensive amounts of kitchen and bakery equipment included
Competition
Minimal
Financing
Minimal seller financing available
Support & Training
Seller is willing to assist with training for a successful transition to the new owners.
Reason for Selling
Retirement
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Darin & Dana
Kinsolving
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Darin & Dana Kinsolving