126 Oak Street, ARCOLA
Highly profitable restaurant & bar located in the beautiful downtown area of Arcola, IL. This restaurant has been entirely renovated over the past two years. The owner recently put on a new $30,000 roof, renovated lights and plumbing, added new chairs & tables. The kitchen has been renovated with new appliances, hood, and Ansul system. The owner has also added a new $5,700 surveillance system, and new TV's. The restaurant currently has FIVE gaming machines and that will be increasing to SIX. Gaming machine bets are also being raised from $2 to $4 shortly. Gaming aspect of business alone making over $110,000 annually. Restaurant on pace to sell over $500,000 of food & liquor in 2019 in addition to gaming revenue. The business typically has $25,000 to $30,000 of food & liquor in inventory. Business will sell with everything, in addition to FB page, website, and name if desired. Owner relocating to save money on kids out of state tuition & find a more business friendly state.
- MLS® #10446075
- Square Footage5,800
- Sub-TypeBus / Bus w/Real Est
- Parking Spaces50
- Lot DescriptionCentral Business District
- Listing OfficeColdwell Banker The R.e. Group
- Address126 Oak Street
- Zip Code61910
- HeatingForced Air
- CoolingCentral Air, Exhaust Fan/s, Heat Pump
Price Change History for 126 Oak Street, ARCOLA, IL (MLS® #10446075)
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Listing information last updated on July 18th, 2019 at 7:20am CDT.