HIGH VOLUME GAMING BUSINESS WITH DINE IN RESTAURANT

Business Opportunity for Sale
Catylist Listing ID: 30528320
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $450,000
Name of Establishment: HOUSE OF INDIA RESTAURANT
Year Business Established: 1995
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 11/27/2020

Overview / Comments

PRICE REFLECTS BOTH THE RESTAURANT AND THE VIDEO GAMING MACHINE BUSINESS.

AVERAGE MONTHLY CASH FLOW:
RESTAURANT : $11,700 DOLLARS –-NET AFTER ALL EXPENSES PAID.
GAMING MACHINE INTAKE : $7,500 DOLLARS AVERAGE / MONTH
TOTAL MONTHLY NET CASH FLOW : $19,200 DOLLARS + /–

THIS RESTAURANT CAN BE EASILY CONVERTED TO ANY NEW CONCEPT, TASTE OR CHOICE ACCORDING TO THE NEW OWNER.
ALL EQUIPMENT AND TRADE FIXTURES ARE INCLUDED IN THE ASKING PRICE .TURNKEY BUSINESS.
CURRENTLY, THE ONLY INDIAN RESTAURANT IN THE AREA. KNOWN FOR IT'S DELICIOUS AND AUTHENTIC TASTE OF INDIAN CUISINE. VIDEO GAMING MACHINE BUSINESS ADDS PROFIT DOLLARS TO THE OVERALL NET INCOME.
LOCATED ON A HIGHLY TRAVELED MAIN STREET LEADING TO
HIGHWAY I-90 .LOCAL FAVORITE. FAMILY OWNED AND OPERATED .
SERVING THE AREA FOR OVER 20 YEARS.
SELLER RETIRING !!!!!
MOTIVATED SELLER.

ALSO OPPORTUNITY TO PURCHASE:
STRIP CENTER(Fully Leased) RESTAURANT INCLUDED : $1,675,000
AMAZING CAP RATE!!!

Additional Details

Nearest MSA: Rockford
County: Winnebago
Industry Segment: Restaurants
Reason for Selling: MOVING OUT OF STATE
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Mgmt/Training Support Description: CURRENT OWNER WILL TRAIN THE NEW OWNER IF IT IS NEEDED.
Competition/Market Description: VIRTUALLY NO COMPETITION WITH THE TYPE OF FOOD SERVED.
Seller Financing Description: NONE AVAILABLE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,884 56,413 152,909
Median Age: 44.27 43.43 40.18
Households: 2,399 23,329 61,477
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