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    2061 W Galena Avenue

    Freeport, IL 61032
    • $349,900
    • STATUS: Active
    • ON SITE: 156 days
    • MLS #: 10759765
    UPDATED: 48 min ago
    $349,900
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,152
      SQFT
    • $163
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    A very rare opportunity. This restaurant has been family owned for years and this is the 1st time this has been offered for sale outside of the family. Sale includes real estate and all equipment & FF & E. ( completely turn key) . These owners know most of their customers by name and they regularly win best of the region awards. This restaurant has a very strong, loyal customer base. Complete financials available with CA.Owners will stay on short term to train and familiarize new owner. Most staff wants to stay in place....

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    © 2020 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 MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2020-11-29T14:52:05.85 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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.

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    2061 W Galena Avenue Freeport, IL 61032

    • Price: $349,900
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 10759765
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    2,152
    SQFT
    $163
    $/SQFT
    Neighborhood:
    Freeport
    County:
    Stephenson
    Area:
    Freeport
    Property Description
    A very rare opportunity. This restaurant has been family owned for years and this is the 1st time this has been offered for sale outside of the family. Sale includes real estate and all equipment & FF & E. ( completely turn key) . These owners know most of their customers by name and they regularly win best of the region awards. This restaurant has a very strong, loyal customer base. Complete financials available with CA.Owners will stay on short term to train and familiarize new owner. Most staff wants to stay in place....
    Exterior Features

    Approx Land Sq Footage 2152 Frontage Type City Street Parking Total 40 Waterfront YN Yes

    Interior Features

    Cooling Central Air Heat Ventilation Forced Air

    Property Features

    Additional Parcels YN No Adj Net Income Year 2019 Adjusted Net Income 118666 Annual Rent For Real Estate 0 Business Age 11+ Years Business Name Family Affair Restaurant Business Type Restaurant Corporate Limits Freeport Cost Of Goods Sold 100000 Cost Of Goods Year 2019 Existing Lease Type N/A General Information Show-Call Listing Office Gross Payroll 30000 Gross Payroll Year 2019 Gross Profit 118666 Gross Profit Year 2019 Gross Sales Ann Year 2019 Gross Sales Annual 218666 Inventory 5000 Inventory Year 2019 Known Encumbrances None Known Lot Size .50-.99 Acre Lot Size Dimensions 120 X 200 Net Operating Income Year 2019 Net Profit 118666 Non- Disclosure Agreement Required YN Yes Operating Expense 100000 Ownership Type Individual Ownership Type1 Individual Property Offered For Sale Only Real Estate Included YN Yes Sale Includes LandBuildingBusinessEquipment Sales Taxes 21866 Sales Taxes Year 2019 Tax Annual Amount 7405 Tax Year 2018 Tenant Pays Air ConditioningElectricityHeatJanitorial Service Total Operating Expenses Year 2019 Type Bus / Bus W/Real Est Type Of Lease None

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of A-1 Agency.


    © 2020 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 MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2020-11-29T14:52:05.85 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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.

    Digital Millennium Copyright Act
     
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