Business Overview

An excellent restaurant in a prime location! Remodeled in 2019, this property is in a high traffic location on the corner of Airport Road and Main Street. Main Street has approximately 45,000 cars going by daily. There is a ton of opportunity! The neighboring businesses are two hotels and a fuel/convenience store. Additionally, it is on a direct road to the airport. Starbucks is a hop skip and a jump away and other wonderful surrounding businesses add life to a great location. Lots of traffic and lots of customers. Directly south, an easy access road leads to the Metra.


  • Asking Price: $1,350,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell businesses. However, the true factor and the one they tell you may be 2 entirely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, current reduction in incomes, or a variety of various other factors. This is why it is extremely vital that you not rely entirely on a seller's word, yet instead, make use of the seller's solution combined with your general due diligence. This will repaint a more reasonable image of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies finance loans with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that profit margins are too small. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be met or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in new consumers? Often times, operating businesses have repeat customers, which form the core of their day-to-day revenues. Particular elements such as brand-new competitors growing up around the area, road building, as well as personnel turnover can impact repeat clients and adversely affect future profits. One important thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business often, the greater the possibility to construct a returning consumer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional typical household earnings influence future income prospects?