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Downtown Highland

  • Listing No.: 205-20282

  • Category: Food - Restaurant

Asking Price $250,000
Down Payment
Gross Revenue $295,000
Total Adjusted Net Income $135,981
Equipment / Fixtures $21,683
Year Established 1987
General Location Downtown Highland
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Established, profitable restaurant for sale in Highland, Illinois. Current owner has been in business over 30 years and is retiring. The establishment includes a full Bar, as well as a restaurant with seating for 200. The business also has 5 games licensed by the state of Illinois. The outside terrace overlooks scenic downtown Highland. The city promotes the downtown area through events and capital investment. The restaurant attracts clientele from the surround rural areas as well as Highland. The facility includes living quarters. Business owner owns building and will lease. A real estate broker is handing the sale of the building.

Gross Revenue $295,000 Listed Price $250,000
Total Income $135,981 Down Payment
Base Rent $2,500 Square Feet 2000
Total Rent $2,500 Lease Expiration
Rent Deposit $7,500 Lease Options
Inventory $3,500 Leasehold Improvements $0
Equipment / Fixtures $21,683 Other Assets
Full-Time Employees 3 Training Period 4 Weeks
Part-Time Employees 4 Special License Required Food, Liquor and Gaming
Contract Staff Reason for Selling Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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