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    6430 E Riverside Boulevard

    Loves Park, IL 61111
    • $450,000
    • STATUS: Active
    • ON SITE: 379 days
    • MLS #: 10572211
    UPDATED: 49 min ago
    $450,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,400
      SQFT
    • $39
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    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!!!

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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 2020-11-26T09:51:50.573 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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    6430 E Riverside Boulevard Loves Park, IL 61111

    • Price: $450,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 10572211
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    11,400
    SQFT
    $39
    $/SQFT
    Neighborhood:
    Loves Park
    County:
    Winnebago
    Area:
    Loves Park
    Property Description
    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!!!
    Exterior Features

    Approx Land Sq Footage 4800 Frontage Type City StreetEasementFrontage Road Parking Total 16 Waterfront YN No

    Interior Features

    Cooling Central Air Heat Ventilation Central Bldg Heat

    Property Features

    Additional Parcels YN No Adj Net Income Year 2018 Adjusted Net Income 0000 Annual Rent For Real Estate 69600 Business Age 11+ Years Business Name House Of India Business Type RetailOther Cost Of Goods Sold 0000 Cost Of Goods Year 2018 Current Use Commercial Food Beverage Type Restaurant General Information 24-Hr Notice Required Gross Payroll 0000 Gross Payroll Year 2018 Gross Profit 0000 Gross Profit Year 2018 Gross Sales Ann Year 2018 Gross Sales Annual 0000 Inventory 0000 Inventory Year 2018 Known Encumbrances None Known Leaseable Area Units Square Feet Lot Size Dimensions 0 Net Operating Income Year 2018 Net Profit 0000 Non- Disclosure Agreement Required YN No Number Of Full Time Employees 3 Number Of Part Time Employees 1 Operating Expense 0 Ownership Type1 Corporation Possible Use Commercial Property Offered For Sale Only Real Estate Included YN No Sale Includes BusinessLicense/PermitEquipmentTrade FixturesPhone NumberBusiness NameKey Money/Good Will Sales Taxes 0000 Sales Taxes Year 2018 Tax Year 2018 Tenant Pays Air ConditioningElectricityHeatInsuranceRepairsScavengerSewerVaries By TenantGas Total Operating Expenses Year 2018 Type Bus / Bus W/Real Est Type Of Lease Net LeaseRenewal Options Zoning Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Berkshire Hathaway Homeservices Crosby Starck Real.


    © 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 2020-11-26T09:51:50.573 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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