2040 N State St
Belvidere, IL 61008
2040 N State St, Belvidere, IL 61008 · Retail Property For Sale

Serving delicious gyros, Italian beef & sausage, pure beef hot dogs, char-broiled burgers, grilled chicken, specialty sandwiches, hot & cold subs, wraps, clubs, ribs, salads, soups, sides, desserts and more. Daily specials. Kids meals. Plus, Pepsi fountain drinks and milkshakes. Simple operation - counter service. Dine-in, plus HUGE carry-out and delivery business. Many deliveries to businesses, offices and manufactures in the area! In a freestanding building on a major street with excellent street frontage, great signage, fantastic visibility, high traffic counts, easy access, inside & outside seating, drive-thru and ample parking. Well-established location for 10 years! Family friendly. Features a fully-equipped professional kitchen with large hood, walk-in cooler and freezer. Plus, office, storage room and more. Efficiently set up for large volumes. Independent - no royalties, advertising or transfer fees. Family owned and operated. Turnkey operation. Location: Brand new building in 2017 due to major growth! Well located on the primary street of this growing community. Close to the post office and just down the street from several car dealerships, as well as other popular franchises: Arbys, KFC, McDonalds, Taco Bell, Jimmy Johns, Culvers and more. Densely populated region - surrounded by many homes and businesses. Ten out of Boone County’s thirteen leading employers are located in Belvidere! Boasts lots of carryout and delivery to the Chrysler Plant and many other manufacturers, businesses and offices in the area. Area In General - Rockford is the largest city in IL outside of Chicago, conveniently located 65 miles northwest of O'Hare. The area is home to several Fortune 500 company facilities, 3 major medical facilities, as well as more than 15,000 other businesses. It's the best of big city and small-town living. Almost 30% of the US population lives within 500 miles of its borders! Year Established: 2009 Property: Included in the Asking Price Square Feet: 3,440 Seating: 124 Days/Hrs of Operation: Daily 10:30a-10p # Of Employees: 25 Training: At least two weeks on-site comprehensive training. As long as it takes to transition smoothly. Gross Sales (2018): $1,260,742 Net Operating Income (Sellers Discretionary Earnings): $185,662 Value of FF&E: Included in Asking Price Seller Financing: No, but already pre-approved for SBA financing. Reasons for Selling: Retiring. Competition/Market: One of the top places to eat in the Rockford metropolitan area. Ideally located. The “go-to” place for delicious food! Great American food restaurant. Finest Chicago dog around. King of the gyros. Best food in town. One of the only places in the area to get authentic Chicago-style food. Amazing fast food. Extensive menu. Everything fresh made-to-order. High quality ingredients. Known for their friendly service. Growth & Expansion: Highly successful small local chain. Excellent brand name recognition. Hugely popular. Local favorite. Lots of regulars. Well loved by many. Prime location on a busy street in a growing area. Well established location. Staple in the area. Loyal customer base. A steady business with a strong sales history. Highly rated and recommended, great reputation to continue to build upon.