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

Asking Price

$1,300,000
Real Estate Included

Revenue $4,000,000 / year Lease Rent NA
Cash Flow $160,000 / year Square Feet 16000
Direct Link www.restaurants-for-sale.com/26061

    

A) Established in 1974 doing business for 42 years in the south suburban area of Chicago
B) Annual volume of $4 million gross
C) $400,000. of improvements in 2015
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 2015 was 15%
F) Catering service with 2 delivery trucks-sales increase for 2015 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 all included J) Cash flow is only 4% because of absentee ownership

  

General Information

Organization LLC
Year Established 1974
Current Owners 1974
Employees 35 full, 45 part
Operating Hours 11am - 10pm
Reason For Sale Estate Planning Retirement
   

Facilities

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

Financials

Revenue $4,000,000 / year
Cash Flow $160,000 / year
Payroll $984,000 / year
Inventory Contact For Info
FF & E $$500,000
 
 

Lease

Lease NA  
Expiration NA  
Yearly Adjustment NA  
Option NA  
Deposit NA  
     

Financing

Down Payment Qualified Buyers Optional  
All Cash Contact For Info  
Note Balance Contact For Info  
Term of Note Contact For Info  
 
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Listing Contact

Terry Jarosky
phone: 708-404-4400

glenwoodoaks.com

 
   

 

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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.

 
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