Address Not Available By Request

    Confidential, IL 99999
    • $5,800,000
    • STATUS: Active
    • ON SITE: 277 days
    • MLS #: 09852202
    UPDATED: 62 min ago
    $5,800,000
    • 0
      BEDS
    • 1.0-1.99 Acres
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,000
      SQFT
    • $264
      $/SQFT
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    NEWLY REMODELED BANQUET HALL SEATING 900 GUESTS, ON 2 ACRES OF LAND DOING $3.8 MILLION A YEAR, FOR PAST TEN YEARS, OWNER RETIRING AFTER 30 YRS IN BUSINESS. HOLDING APPROX $800,000 IN BANQUET DEPOSITS, WHICH IS CREDIT TO BUYER AT CLOSING. VERY PROFITABLE BUSINESS, ARM CHAIR MANAGEMENT.FULLY STAFFED, INTERESTED PARTIES MUST SIGN CDA.THRIVING STABLE BUSINESS FOR LAST 30 YEARS.

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    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Jacobs Group. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than The Jacobs Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-11-13T22:50:55.94.

    Digital Millennium Copyright Act
    www.jacobsgrouphomes.com/homes/80611764

    Address Not Available By Request Confidential, IL 99999

    • Price: $5,800,000
    • Status: Active
    • Updated: 62 min ago
    • MLS #: 09852202
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.0-1.99 Acres
    Acres
    22,000
    SQFT
    $264
    $/SQFT
    Neighborhood:
    Confidential Commercial Listings
    County:
    Cook
    Area:
    Confidential Commercial Listings
    Property Description
    NEWLY REMODELED BANQUET HALL SEATING 900 GUESTS, ON 2 ACRES OF LAND DOING $3.8 MILLION A YEAR, FOR PAST TEN YEARS, OWNER RETIRING AFTER 30 YRS IN BUSINESS. HOLDING APPROX $800,000 IN BANQUET DEPOSITS, WHICH IS CREDIT TO BUYER AT CLOSING. VERY PROFITABLE BUSINESS, ARM CHAIR MANAGEMENT.FULLY STAFFED, INTERESTED PARTIES MUST SIGN CDA.THRIVING STABLE BUSINESS FOR LAST 30 YEARS.
    Exterior Features

    Approx Land Sq Footage 22000 Construction Concrete Block Frontage Access City Street Land Amenities Lighting/ExteriorOther Location Mixed Use Area Lot Dimensions 400 X 208 Lot Sq Ft 83258 Number Of Parking Spaces 175 Roof Coverings MembraneRubber Waterfront YN No

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Private Restroom/SStorage Inside Number Of Stories 2 Outdoor Parking Over 100 Spaces

    Property Features

    Adj Net Inc Expense Source Actual Adjusted Net Income 999 Ann Rnt Expense Source Actual Annual Rent For Real Estate 999 Business Age 11+ Years Business Type Food And Beverage Corporate Limits 999 Cost Of Goods Expense Source Actual Cost Of Goods Sold 999 Cost Of Goods Year 2016 Current Use Commercial Electrical Service Over 600 Amps Food Beverage Type Banquet Gross Payroll 999 Gross Payroll Expense Source Actual Gross Payroll Year 2016 Gross Profit 999 Gross Profit Expense Source Actual Gross Profit Year 2016 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 2016 Gross Sales Annual 999 Heat Ventilation Central Bldg Heat Inventory 999 Inventory Expense Source Actual Inventory Year 2016 Known Encumbrances None Known Lease Expires 2018-02-10T06:00:00 Living Quarters None Miscellaneous Outside Handicapped AccessSecurity LightingSecurity System Net Operating Income Year 2016 Net Profit 999 Net Profit Source Actual Number Of Emp Full Time 10 Number Of Emp Part Time 25 Possession Closing Potential Use Commercial Property Offered For Sale Only Proprietary Info Furniture/Fix/Equip ListProfit And Loss StatementTax BillTax Returns Real Estate Included YN Yes Sale Terms ConventionalOwner May Help/Assist Seating Capacity 100+ Tax Year 2016 Taxes 128938 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatJanitorialReal Property TaxesInsuranceRepairs And MaintenanceRoofScavengerWater/SewerCooking Gas Total Op Exp Year 2016 Total Op Expense Source Actual Total Operating Expenses 999 Type Of Lease None Type Ownership Business Corporation Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Community Zoning Type Commr

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Cambridge Realty & Brokerage Llc.


    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Jacobs Group. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than The Jacobs Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-11-13T22:50:55.94.

    Digital Millennium Copyright Act
     
    The Jacobs Group
    508 S Northwest Hwy
    Barrington IL, 60010