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Authentic Italian Restaurant For Sale

Tazewell County, Illinois, US
Asking Price:
$730,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$468,933
Cash Flow:
$158,098

This listing is for a long-established and highly profitable Italian restaurant located in central Illinois that is available to a qualified buyer. This family restaurant offers a new owner/operator a yearly income of over $150,000. The business specializes in delicious Italian standards all from homemade recipes. From alfredo dishes to chicken parmesan to delicious pizza, this popular restaurant has food that keep their loyal base of customers always coming back. They offer dine-in, delivery and catering. The restaurant has a stellar reputation in their local marketplace with fantastic online reviews across a number of sites. The business has been an established fixture in their community for over 60 years. In addition to the strong cash flow the business provides, over $300,000 in asset value is to be transferred with the business sale. This includes their 2,600 square foot real estate which valued at $225,000 and seats 90 guests. If you would like more information about this business, or if you would like to schedule a site visit, please contact the agent either by phone or by email. Online inquiries will be replied to with an email from an @marvingroupllc.com address with an NDA attached. These can sometimes get filtered into junk/spam folders. If you do not hear back from us within 24 hours (weekdays), please contact us by phone.

Property Information

Real Estate:

Real Property Included

Location:

Central Illinois. Tazewell County.

Premises Details:

2600 sq ft. restaurant with 360 sq ft office space. Included in the asking price and valued at $225,000. Seats 90

Size in square feet:
2,600

Business Operation

Expansion Potential:

Add Lunch, Add Liquor License, Increase Evening Hours, Advertise, Increase Marketing Area

Reasons for selling:

Retirement

Employees:
20
Years established:
64

Other Information

Support & training:

Owner will train the buyer for 4 weeks

Furniture / Fixtures value:
$110,000 - included in the asking price
Inventory / Stock value:
$8,000 - included in the asking price

Contact The Marvin Group LLC

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