Listing ID: 81563
Classic 1950’s décor including Vintage Juke Box makes this well known restaurant the go to place in Glenview and surrounding areas for delicious Fast Food
Menu includes Hot Dogs, Hamburgers, Italian Beef, Gyros, Chicken, Tasty Salads and much more
Beer & Wine License
Open Kitchen with spacious layout including 16’ hood with Flat Grill, Char Grill and six burner stove. Second hood for 3 bin fryer. Walk In Cooler and Walk in Freezer. Plenty of prep area and additional refrigeration
Experience staff including cook who has worked here for 12 years willing to stay.
Owners will assist with smooth transition as needed.
Excellent signage, plenty of parking and seating for 64
This must-see location has it all.
For more details contact broker today
- Asking Price: $62,500
- Cash Flow: N/A
- Gross Revenue: $330,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $3,000
- Inventory Included: N/A
- Established: 1984
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
3000 sq/ft facility with seating for 64. Spaciuous well equipt kitchen with 2 hoods. Excellent signage and plenty of parking
Owner will provide 2 weeks training and transition
The venture was established in 1984, making the business 38 years old.
The transaction won't include inventory valued at $3,000*, which ins't included in the suggested price.
The business has 4 employees and is located in a building with approx. square footage of 3,000 sq ft.
The real estate is leased by the company for $5,200 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell businesses. However, the genuine reason vs the one they tell you may be 2 totally different things. As an example, they might say "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or an array of various other reasons. This is why it is really essential that you not depend totally on a seller's word, yet rather, utilize the seller's solution together with your total due diligence. This will repaint an extra sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money with the purpose of covering points such as stock, payroll, accounts payable, and so on. Remember that occasionally this can suggest that profit margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new clients? Most times, companies have repeat clients, which develop the core of their day-to-day earnings. Particular factors such as brand-new competitors sprouting up around the location, road building and construction, as well as personnel turnover can affect repeat customers and also adversely influence future earnings. One essential point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the higher the chance to construct a returning customer base. A final thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the local median home income effect future earnings potential?