Downtown Highland
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Listing No.: 205-20282
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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 |
Bruce Thompson
- Office: (636) 445-5444
- Cell: (314) 614-6930
- Office: (636) 445-5444
- Cell: (314) 614-6930
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.
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