Business-only Business for sale in Peoria, IL
Restaurant and Game Room Business-only in Peoria, Illinois!
Offer Price
$149,000
Business-only
About this property
Restaurant and Game Room Business-only in Peoria, Illinois!
Total Net Sales are $350,000 per year! Restaurant generates $266,000 per year at 65% margin!
Game machine commission from the Game Room is $84,000 per year! Game Room just started recently and is increasing in income as its presence becomes known in the neighborhood!
Yearly Net Profit is over $120,000 AFTER paying an Employee Payroll of $51,000, as well as rent and all other expenses!
Operating Partner spends only 32 hours per week at the restaurant and partakes in profit sharing and does not take a salary.
Rent is only $3,500 NNN per month with a new 15 or 20-year lease available to the Buyer!
Business Information:
Brand-New Restaurant Equipment including vent-a-hood and all cooking equipment!
Liquor License Included! Fully Built-Out Game Room Attached!
Customer reviews are 4.7 stars on Google!
Seller is the property owner and plans to spend $1 million to open a laundromat next door which will bring in more customers for the restaurant and game room!
Geographic & Demographic Details:
Neighborhood location!
Median household income is $65k!
Population is increasing by 2% per year!
Close proximity to hotels like Comfort Suites, Quality Inn & Suites, SpringHill Suites, Travelodge by Wyndham, OYO Hotel Downtown, Four Points by Sheraton and Embassy Suites by Hilton!
Nearby schools including Peoria Christian School, Reservoir Gifted School, Franklin Primary School and Bolin School collectively serve over 1,400 students and faculty!
Surrounded by apartment complexes such as Carriage Hill Apartments, Glen Oak Terrace Apartments, Civic Center Plaza Apartments, Heartland Apartments, The Lofts at Waterfront Place and Providence Pointe Apartments!
Less than 3 hours from Chicago! 1 hour from Springfield, IL! 1 hour 30 min from Champaign, IL and Davenport, Iowa!
Major recent government developments in Peoria, IL include a $64.5M Galena Road reconstruction, $26M Riverfront Master Plan, sewer upgrades, fire station rebuild, and downtown revitalization projects!
Asking Price for Business-Only: $149,000 plus inventory!
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Property Details
Location
Business Details
Pricing Details
Listing Information
This listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.
This listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.