Successful Family Owned Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30735576
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 2,152 SF
Gross Land Area: 23,958 SF
Sale Price: $339,900
Unit Price: $157.95 PSF
Property Use Type: Business
Usable Size (USF): 2,152 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/2/2021

Overview / Comments

Turnkey Restaurant, Averaging over 150 customers per day this restaurant continues to have a strong, loyal, regular customer base, more like extended family. Gross sales already over $220,000 for 5 months of 2021. 2020 sales with 289 days open over $370,000. 2019 sales over $541,000. Hours 6am to 3pm. Great location on Business Highway 20. Exciting chance to continue the Restaurant that has been Family Owned since 1993, regular customers will become like family too. Restaurant includes 22 Tables, 45 parking spaces, 2 HVAC one is new in 2017, water heater new 2017, water softener new 2016, dishwashing machine new 2015, fryer new 2019, commercial microwave new 2014, carpet new 2020!

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $7,553 (Annual)
Gross Operating Income $370,081 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2019
Real Estate Taxes - Annual($) $7,553 (Annual)
Gross Operating Income $591,053 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Freeport
County: Stephenson
Tax ID/APN: 13-26-476-016
Zoning: B3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: IL Business Highway 20
Feet of Frontage: 120
Traffic/Vehicle Count: 5,750
Highway Access: IL Business Highway 20
Airports: Freeport - 7 miles, Rockford - 36 miles, Chicago O'Hare - 105 miles
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1983
Roof Type: Gable
Total Parking Spaces: 45
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: BS Commercial and Wholesale Business
Lot Frontage: 120
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,877 27,880 30,627
Median Age: 43.93 42.44 42.6
Households: 4,086 12,019 13,077

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