Nov 28, 2019 — The Company is a well-established restaurant located in the Suburban Chicago area. The restaurant has been in business for over 20 years and offers catering, carry out, a bar area and video gaming.
The Company is well positioned to continue its performance in sales and profitability. Utilization of the restaurant’s loyal customer base and solid reputation provides an industry related company access to a well established customer base and a competent and loyal workforce.
In 2018, the Company yielded $4,800,000 in revenue with EBITDA of $500,000. The Company is on tract to achieve $4,900,000 in revenue with $515,000 adj. EBITDA for 2019.
The key management people will stay with the company, with just the owner leaving. The owner will help the new buyer through the transition period.
The Company has a strong customer base and is well known in their market territory. Their key to success has been to provide fresh, quality food at a reasonable price and to provide friendly customer service.
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