October 1, 2019
Lakes Business Group, Inc. help complete the acquisition of this restaurant chain in Illinois by a private investor. Congratulations to our sales rep, Joe Braier , and to the new owners of this established business.
This business, with the real estate, was on the market for only 108 days before closing the deal! With an established brand, great staff, stable earnings, low owner dependency, and several other positive attributes, this was an amazing opportunity for this buyer.
Some of the highlights of this business included:
- Strong Brand Loyalty of Customer Base
- Seasoned Management at each location
- Ownership is semi-absentee – executive level.
- Significant Historical Positive Cash Flow.
- All Real Estate Locations were available for Purchase
- Several Opportunities for Growth & Expansion
- An incredible platform for any restaurant entrepreneur to build off a solid foundation