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Sunbelt of Edwardsville

Great Growth Opportunity Gaming/restaurant/bar And Laundry Mat In Illinois For Sale

Illinois, US
Asking Price:
$700,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

This is a company that offers:
-Full-Service Restaurant
-6 Gaming Machines with a Bar
-Fully Functioning Laundromat
-Large Garage Space
-Full Living Quarters
-Extra Acres of Land
-Growth Opportunities

This is a fully newly remodeled 7200 sq ft building with excellent growth opportunities! It offers a full restaurant, laundromat, and video gaming and bar. Along with all that there is a beautifully remodeled living quarters attached with a large garage and outdoor covered patio. There is also 1.2 Acres in the rear of the property to build or expand the business. The opportunities here are endless and exciting!

The business was established in 2022. Recently, and unfortunately the owner's wife is dealing with some medical complications that will lead them to not being able to run the business anymore. He and his wife are also just looking to enjoy retirement.

The new owner will need to be an active operating manager of the company and might want to hire a part-time or full-time person to run the restaurant and gambling side of the business. Current owner is willing to stay on in this capacity as well to help the new owner both transition and help with future needs.

Facilities:
Newly renovated, multi-use facility including a bar and restaurant, laundry mat, and gaming facility with living quarters and garage/storage area.
Real Estate Available: Yes
Real Estate Included: Yes

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Owner worked hours per week: 20

Property Information

Real Estate:

Real Property Included

Size in square feet:
7,200

Business Operation

Reasons for selling:

Retirement

Employees:
Full Time: 3, Part Time: 1
Years established:
2

Other Information

Support & training:

Owner is willing to stay on for a 3-month training period for a smooth transition.

Financing available:

Financing is available

Furniture / Fixtures value:
$65,000 - included in the asking price