Historic Restaurant & Bar Downtown Burlington, IL - Business for Sale
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Historic Restaurant and Bar in Downtown Burlington, IL
Burlington, IL, US
Added 1 day ago
Restaurant & Bar
56 years in business
Absentee / Semi-Absentee
This is a turnkey historic restaurant and bar with a fully equipped commercial kitchen, located in downtown Burlington, IL, operating in a renovated 1908 building.
Key Information
Asking
$75K
Revenue
–
Earnings
–
Multiple
–
Key Highlights
- Alternative acquisition options: lease fully equipped for $4,500/month or purchase property (restaurant, equipment, and 2 apartments) for $600,000
- Business established in 1970; current owners since 2023
- Restaurant occupies 2,255 sqft plus full basement for storage in a 4,511 sqft, 2-story building built in 1908
- FF&E included in sale valued at $75,000 (replacement cost estimated at $250,000-$400,000)
- Staff consists of 2 full-time and 4 part-time employees; owner is absentee
- No gross sales or net operating income figures provided (asset sale only)
Contact Info
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