RESTAURANT WITH HIGH VOLUME GAMING INCOME

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: 4/3/2020

Overview / Comments

PRICE REFLECTS BOTH THE RESTAURANT AND THE VIDEO GAMING MACHINE BUSINESS.
The one and only South Asian 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 Operating Income(NOI). All Trade fixtures are included in the sale. Located on a highly traveled street leading to a major highway I-90. Full service restaurant with a full bar. Locally well known for their Lunch Buffet special. Family owned and operated serving the area for over 20 years. Seller retiring.
MOTIVATED SELLER!!

ALSO OPPORTUNITY TO PURCHASE:
STRIP CENTER(Fully Leased) INCLUDES RESTAURANT : $1,675,000 DOLLARS

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

View FullscreenMap

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
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Rockford Area REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.