Back to Top

Add to Shortlist View Shortlist
Receive Email Alerts

Listing ID: 2129673

Outstanding Highly Profitable Steakhouse For Sale

Southwest Chicago Suburbs, Cook, Illinois, United States

$ 3,975,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: $ 3,389,876

Cash Flow: $ 466,690

Business Description

This listing is for an outstanding steakhouse located in suburban Chicago that’s available to a qualified buyer. This highly profitable, vibrant restaurant offers a buyer a substantial income of over $450,000 to a hands-on owner/operator. The popular restaurant’s rustic 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 an absolutely stellar reputation in their marketplace for their superior food and service. The business specializes in steaks of the highest quality and it has been voted as the single best restaurant in its area. It has been featured on TV and many local publications. The food is fresh and the steaks are hand-cut on site. Over time, a steady flow of improvements and enhancements have been added. Business is up $400,000 over the last year (9%). The location features a gorgeous patio and the beautiful dining rooms seats 550 with ample room for group parties and special events. This is an outstanding restaurant in a terrific location with a large and loyal base of customers. In addition, well over $3,000,000 in assets is to be transferred with the sale of the business. This includes their real estate which is valued at $2,955,000. The building has been completely remodeled inside and out and it also includes rental income from 3 apartments in the living quarters of the building (that can also be used as office space/storage/rental units). There is also an unattached remote lot half a block away for employee parking. It is really something to see. If you would like more information about this terrific opportunity, or if you would like to schedule a site visit, please contact the agent by phone or by email.

Property Details

Size:

1.85 acres restaurant property.

Years Established:

52

Property Type:

Real

FF&E:

$ 144,266

Inventory Value:

$ 179,690

Real Estate Value:

$ 2,955,000

Other Details

Business Location:

Cook County southwest Chicago suburbs.

Premise Details:

1.85 acres restaurant property. 15,000 sq ft building. Owned by the seller and included in the asking price. Executive Living apartment and office 1,400 sq ft upstairs.

Living Accommodation?

Yes
Executive Living apartment and office 1,400 sq ft upstairs.

Operation Details

Employees:

121

Support & Training:

Owner will train the buyer for 3 weeks at no cost.

Miscellaneous

Reason For Selling:

Other business interests

Listed by:

Related Businesses for Sale