420 Main Street

    Princeton, IL 61356
    • $275,000
    • STATUS: Active
    • ON SITE: 119 days
    • MLS #: 10157939
    UPDATED: 58 min ago
    $275,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,948
      SQFT
    • $93
      $/SQFT
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Rural community of 7500 people just 1.5 hr. train ride from Chicago. Established midwestern cafe is dedicated to homemade and the best of locally sourced food; serving breakfast and lunch. Catering done in house as well as your location with customized menus. In house seating is 52 plus a separate dining area that seats up to 30 for small parties. Main Street business with excellent location and city parking. Local, regional and traveling customer base provides a #1 rating out of 29 restaurants on Trip Advisor as well as Yelp. This destination Cafe prides itself in quality of product and service, receiving Trip Advisor's Certificate of Excellence for the last 4 years. A current institutional food service contract runs until July 2020 which allows for a guaranteed income. Additional information available upon proof of funding and non-disclosure signed. Owners will stay and train for a fee.

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    © 2019 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 Mark Bowers Team at Berkshire Hathaway HomeServices Snyder Real Estate. 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 Mark Bowers Team at Berkshire Hathaway HomeServices Snyder Real Estate 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: 2019-04-18T21:51:40.527.

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    www.markbowershomes.com/homes/90159871

    420 Main Street Princeton, IL 61356

    • Price: $275,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 10157939
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,948
    SQFT
    $93
    $/SQFT
    Neighborhood:
    Hollowayville / Princeton
    County:
    Bureau
    Area:
    Hollowayville / Princeton
    Property Description
    Rural community of 7500 people just 1.5 hr. train ride from Chicago. Established midwestern cafe is dedicated to homemade and the best of locally sourced food; serving breakfast and lunch. Catering done in house as well as your location with customized menus. In house seating is 52 plus a separate dining area that seats up to 30 for small parties. Main Street business with excellent location and city parking. Local, regional and traveling customer base provides a #1 rating out of 29 restaurants on Trip Advisor as well as Yelp. This destination Cafe prides itself in quality of product and service, receiving Trip Advisor's Certificate of Excellence for the last 4 years. A current institutional food service contract runs until July 2020 which allows for a guaranteed income. Additional information available upon proof of funding and non-disclosure signed. Owners will stay and train for a fee.
    Exterior Features

    Approx Land Sq Footage 1700 Location Central Business District Lot Dimensions 47X136 Lot Sq Ft 6392 Number Of Parking Spaces 4 Roof Coverings Membrane Waterfront YN No

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Multi-TenantPrivate Restroom/SPublic Restroom/SStorage Inside Number Of Stories 2 Outdoor Parking 1-5 Spaces

    Property Features

    Adj Net Inc Expense Source Actual Adjusted Net Income 43958 Ann Rnt Expense Source Actual Annual Rent For Real Estate 0 Business Age 7-10 Years Business Name Four And Twenty Cafe Business Type Restaurant Corporate Limits Princeton Cost Of Goods Expense Source Actual Cost Of Goods Sold 140675 Cost Of Goods Year 2017 Electrical Service 201-600 Amps Food Beverage Type RestaurantCateringCarry-Out Gross Payroll 75311 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2017 Gross Profit 188072 Gross Profit Expense Source Actual Gross Profit Year 2017 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 1640 Gross Sales Annual 328747 Heat Ventilation Forced AirGas Inventory 1000 Inventory Expense Source Owner Projection Inventory Year 2018 Known Encumbrances None Known Net Operating Income Year 2017 Net Profit 43958 Net Profit Source Actual Number Of Emp Full Time 4 Number Of Emp Part Time 10 Possession Closing Property Offered For Sale Only Real Estate Included YN No Sale Terms Conventional Seating Capacity 76-100 Tax Year 2016 Taxes 0 Tenant Pays Air ConditioningElectricHeatJanitorialInsuranceScavengerWater/SewerCooking Gas Total Op Exp Year 2017 Total Op Expense Source Actual Total Operating Expenses 143445 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 © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Landmark Realty Of Illinois Llc.


    © 2019 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 Mark Bowers Team at Berkshire Hathaway HomeServices Snyder Real Estate. 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 Mark Bowers Team at Berkshire Hathaway HomeServices Snyder Real Estate 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: 2019-04-18T21:51:40.527.

    Digital Millennium Copyright Act
     
    Mark Bowers Team at Berkshire Hathaway HomeServices Snyder Real Estate
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    Bloomington IL, 61701