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#Business ID: 15315

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Historic Restaurant In Peoria Illinois

Business Location: Peoria, Illinois, United States

Asking Price: $ 650,000 Revenue: $ 600,000 Cash Flow: not disclosed

Business Summary

This historic restaurant is known all across the Midwest. This is a one of a kind restaurant ! It is located near the Illinois River (not in flood zone). This 2400 sq. ft. restaurant sits on two acres of land. It generates about $600,000 a year and is only open 40 hours a week. That is right..only open 40 hours in six days and does a ton of business. Just in June and July 2012 it did $113,000 for the two months !!! It seats about 90 guests and has a beer garden that can hold about 40 people. To push sales even higher, you could add lunch, late night bar, and much more. To instantly increase sales by 20% you could take debit and credit cards. This unique restaurant serves fish, steak, sandwiches, salads, alcohol, and much more. There are 16 dedicated and well trained employees. This place has been a restaurant for 75 years. The owner has had for ten years and needs to sell. The owner will make $130,000 a year. Contact Jeff Highfill seven days a week until 10 PM.

Down Payment: $650,000
Sellers Discretionary Earnings: $130,000

Property Details

Property Type:

Lease

Business Operation Details

Employees:

Full Time: 0

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