Restaurants For Sale Online - List your restaurant for sale at the source for buying and selling restaurants


Buy a Restaurant Sell a Restaurant


Home  > Illinois >  Glenwood  > Listing View

Sell your restaurant business in Illinois - Glenwood
Click Here to Sign Up!

Glenwood Oaks Rib and Chop House Including Real Estate
Glenwood, Illinois

Asking Price

Real Estate Included

Revenue 3.2 million plus $11,000 Lease Rent NA
Cash Flow $160,000 / year Square Feet 16000
Direct Link


A) Established in 1974 doing business for 42 years in the south suburban area of Chicago
B) Annual volume of $3.5 million gross plus $11,000. a month in Slot revenue
C) $400,000. of improvements in 2016
1) new parking lot -sewer and drainage, asphalt, landscaping, and all new LED lighting
2) new contemporary Men's and Ladies rooms
3) all new interior LED lighting and motion detectors
4) new residential 2nd floor apartment -monthly rental and real estate tax reduction
D) Seating for 200 dining room guests and 200 banquet roomguests. Horseshoe bar seats 22
E) Carry-out with drive thru window-sales increase for 2016 was 15%
F) Catering service with 2 delivery trucks-sales increase for 2016 was 20%
G) 5 slotmachinesaveraging $120,000 a month gross-generating $11,000. a month profit.
H) Selling because of estate planning. VERY fairly priced for a fast sale. I) Real Estate, Land & Business and equipment J) Certified appraisals of $1,500,000. of JUST land and building


General Information

Organization LLC
Year Established 1974
Current Owners 1974
Employees 35 full, 45 part
Operating Hours 11am - 10pm
Reason For Sale health and retirement


Seating 200 dining, 200 banquet, 22 bar
Square Feet 16000
Parking 155 cars, owned lot
Licenses Liquor & Gambling


Revenue 3.2 million plus $11,000
Cash Flow $160,000 / year
Payroll $895,000 / year
Inventory Contact For Info
FF & E $$500,000


Lease NA  
Expiration NA  
Yearly Adjustment NA  
Option NA  
Deposit NA  


Down Payment Qualified Buyers Optional  
All Cash Contact For Info  
Note Balance 0  
Term of Note 0  
Listing Functions
Favorites Save to Buyer Account
Flyer Printable Flyer

Share |


Email the Seller





Enter case sensitive characters shown below

Listing Contact

Terry Jarosky
phone: 708-404-4400



Advertise with us

The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Restaurants For Sale Online, LLC has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness. Read the disclaimer before responding to any ad.

Buyers Register Free!
Search, post free wanted ads, track favorites and receive auto alerts for free!
Buyer FAQs
Answers to frequently asked questions from our buyers.
Buyer Resources
Check out an array of resources that can help your buy a restaurant, bar or clubs.
Broker Directory
Locate a business broker or commercial real estate agent in your area that may be able to assist you in the buying or selling process.
  Buy a Good Restaurant at a... Comprehensive guide for buying a restaurant, bar or night club business. Learn what you should know to make the right investment.   Restaurant Rap
Articles about buying and selling restaurants, bars and nightclubs.
  Pricing Survey
Valuation guidelines based on pricing survey.
  Advertise with Us
Become a sponsor and reach a target market of tens of thousands of active buyers and sellers.



about us  advertise terms of use  |  privacy policy

Copyright 2016 Restaurants For Sale Online.