FAMOUS SOUTHERN ILLINOIS RESTAURANT AND BANQUET CENTER-priced to sell fast –sellers will listen to all offers -call Ken Kunkel at 636 346 0293 for new details.
FAMOUS SOUTHERN ILLINOIS RESTAURANT AND BANQUET CENTER-priced to sell fast –sellers will listen to all offers -call Ken Kunkel at 636 346 0293 for new details.
Listing ID: 1331KK
Location: Metro East
Industry: Food and Beverage
Price: $1,200,000
FAMOUS SOUTHERN ILLINOIS RESTAURANT AND BANQUET CENTER-priced to sell fast --sellers will listen to all offers -call Ken Kunkel at 636 346 0293 for new details.
Broker summary:This very popular restaurant and bar has been in business over 60 years and owners are wanting to retire. Located in a very good area and with great parking and exposure. Check out this 14,000 sq ft restaurant with multiple dining rooms and banquet rooms along with a great bar that has outside dining and much more.. Sellers will entertain some owner financing and will stay on a period of time to train new owners. THIS is priced to sell and listed at $700,000 under appraised price. NEW PRICE IS 1.2 MILLION WITH ALL REAL ESTATE INCLUDED. Please call Ken Kunkel at 636-346-0293 for more information on this turn-key restaurant and ask about ID#1138KK.
Average Gross Sales: $550,000
Average Cash Flow: $50,000
FF&E Value: $450,000
Estimated Inventory (not included in sale price): $40,000
Own/Lease: Own
Square Footage: 14000
Building Comments:
The restaurant is over 12000 sq ft with multiple dining rooms and banquet rooms along with 2 up stair apartments and 2000 ft outside stand-alone gazebo.
