Description
**FOR SALE: The Red Wheel Restaurant/Bar - Monticello, IL** Strategically positioned next to Best Western Monticello Gateway Inn and Circle K Truck Stop, and directly across I-72 from Rick Ridings Ford, Kirby Medical Center, and the Monticello Railway Museum. Situated just off I-72, Exit 166, this prime location offers excellent visibility and accessibility for both locals and travelers.**Property Details: Built:1999, Size: Approx. 5,000 sq. ft., Seating Capacity: Total 280 (Dining: 220, Bar: 60, Outdoor Patio: Additional 50). **Bar Features:** 6 gaming machines, 1 jukebox, 1 ATM, 1 electronic dart board (All currently owned and managed by J new owner must secure their own gaming and alcohol licenses and agreements with J&J.) **Business Highlights: Turnkey Opportunity:All Kitchen equipment included (detailed list available), Gaming Revenue: Historical data accessible via the Illinois Gaming Board website, Stable Operation: 22 years of successful business, Growth Potential: Current operating hours are until 8 PM daily, despite local ordinances allowing later service (until Midnight Mon-Thurs, 1 AM Fri-Sat, and 10 PM Sun). **Why Sell? The current owner is retiring after decades of operation, offering a golden opportunity for a motivated buyer to expand hours and tap into the bar's full potential. **Financials: Owner profit/loss statements are available upon request for qualified buyers. Don't miss this rare chance to own an established restaurant/bar in a thriving location!
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School Ratings & Info
Description
**FOR SALE: The Red Wheel Restaurant/Bar - Monticello, IL** Strategically positioned next to Best Western Monticello Gateway Inn and Circle K Truck Stop, and directly across I-72 from Rick Ridings Ford, Kirby Medical Center, and the Monticello Railway Museum. Situated just off I-72, Exit 166, this prime location offers excellent visibility and accessibility for both locals and travelers.**Property Details: Built:1999, Size: Approx. 5,000 sq. ft., Seating Capacity: Total 280 (Dining: 220, Bar: 60, Outdoor Patio: Additional 50). **Bar Features:** 6 gaming machines, 1 jukebox, 1 ATM, 1 electronic dart board (All currently owned and managed by J new owner must secure their own gaming and alcohol licenses and agreements with J&J.) **Business Highlights: Turnkey Opportunity:All Kitchen equipment included (detailed list available), Gaming Revenue: Historical data accessible via the Illinois Gaming Board website, Stable Operation: 22 years of successful business, Growth Potential: Current operating hours are until 8 PM daily, despite local ordinances allowing later service (until Midnight Mon-Thurs, 1 AM Fri-Sat, and 10 PM Sun). **Why Sell? The current owner is retiring after decades of operation, offering a golden opportunity for a motivated buyer to expand hours and tap into the bar's full potential. **Financials: Owner profit/loss statements are available upon request for qualified buyers. Don't miss this rare chance to own an established restaurant/bar in a thriving location!
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