Quick Serve American Restaurant For Sale | Northbrook, Illinois
Quick Serve American Restaurant For Sale, Northbrook, Illinois for $80,000! Asset sale. Seller financing available with $50,000 down. This is a great opportunity to purchase a fully built out restaurant. Currently the restaurant offers a menu of American comfort food from fried chicken to homemade baked goods. The restaurant can seat 80 inside and 20 outside and is located on a busy street in an upscale, trendy area, surrounded by both commercial and residential properties and close to the Metra line. This restaurant has a loyal customer base with positive reviews. The restaurant would benefit from opening seven days a week and an owner operator to maximize it's potential. Great opportunity to add breakfast. Please be advised that the owner will not entertain SBA loans, or third party lending. If seeking financing, buyer must be able to borrow against personal assets. For additional lending options Apply Here
Frequently Asked Questions:   Price: $80,000   Cash Flow: TBD   Financing: Yes   Listing: Active
What is the current gross revenue for this restaurant? This is an asset sale. The space has been built out to accommodate and operate as an American restaurant.
How does the restaurant profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? Seller is willing to offer financing with $50,000 down. Terms to be discussed. If more financing is needed you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. Lease terms remain for 5 years. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located? Located in Northbrook, Illinois. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: Cake POS System, 2 VIZIO TVs, 3 Under counter Grista Wine coolers, Cres Cor Roast N Hold Hot Box, Randell Prep Cooler, Hobart Stand up Mixer, Southbend Flat top/Oven, Southbend 6 Burner Stove/Oven, Radiance Commercial Grill, Norlake Walk in Freezer, Norlake Walk in Cooler, Traulsen Reach in Cooler, Fetco Double Coffee Brewer, Plateware/Glassware, 2 Stainless Steel Prep Tables, 3 Compartment Dish Sink, 10 Laminate High Top Tables, 20 Black Wood Stools, 40 Yellow Metal Chairs, 14 Low Top laminate Tables, 3 60" Round Laminate Tables and more.
What size and how many customers can this restaurant seat? Restaurant is 2049 sq. ft. and seats 80 inside and 20 outside.
Does this restaurant currently have a beer or liquor license? No, there is no beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service? The restaurant currently offers a delivery service but not a drive-thru.
How long has the seller owned the restaurant? Seller has owned this restaurant for 1 year.
Why is the owner selling? Owner is pursuing other business opportunities.
What are the hours of operation? This restaurant is operated from 11.00am to 9.00pm, Tuesday - Sunday.
What type of neighboring business are in the area? Neighboring properties are a mix of residential, small business, retail and commercial.
What do you recommend when purchasing a business? When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know? Opportunity to purchase a fully built out restaurant in a great location. Restaurant has a loyal clientele and positive reviews. Includes all equipment. Seller financing available with $50,000 down. Plenty of opportunity to increase revenue. Priced at $80,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.