Owner Financing is Available!
Business Overview:
This restaurant is a full-service Italian restaurant and bar with a fantastic reputation, located in a historic downtown area of the Western suburbs of Chicago. During the warmer months, they have some additional seating outdoors, directly in back of the restaurant. The current owner lives in South Florida. His son and daughter moved up here from South Florida to manage the restaurant. Unfortunately, they are homesick and wish to return to South Florida, where they grew up. The restaurant specializes in quality Italian cuisine in an elegant dining atmosphere. The menu includes prime cuts of steak and chops, fresh seafood, veal and chicken dishes, as well as dozens of reasonably priced pasta dishes. An extensive wine menu is also available. There is a large market to tap into for catered meals providing quality food that people crave as opposed to the standard fast food options. Private family parties, social functions and businesses are all great opportunities for additional revenue. This restaurant is also only open for lunch on Thursday and Friday, so opening for lunch the other 5 days would increase sales even further. Another area of opportunity is to stay open later and open Sundays. They are only open until 9pm Monday to Tuesday and until 10 pm Wednesday to Saturday. Most restaurants are open later.
Note: The current owner prefers to sell both the business and property together, due to the fact he lives in Florida.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
West Suburbs of Chicago sale includes: The property, the business, all equipment and all fixtures. Purchase price / Real Estate = $525,000. Purchase Price / Business = $65,000. Total Purchase Price / Business and Real estate = $460,000. This is a truly beautiful restaurant. Do yourself a favor and request pictures of the restaurant. The previous owner really did a wonderful job on the build out and interior design. The restaurant has a fully equipped kitchen, a bar, approximately 50 seats inside and 50 seats outside. There is plenty of street parking available and the train station is directly in front of the restaurant (across the street). The space is 2,144 square feet plus a basement. Real Estate taxes are about $9,600 per year. The restaurant is currently managed by the owner's son and daughter in law. They will provide the necessary training to ensure a successful transition for a new owner.
Market Competition and Expansion:
West Suburbs of Chicago sale includes: The property, the business, all equipment and all fixtures. Purchase price / Real estate = $525,000. Purchase Price / Business = $65,000. Total Purchase Price / Business and Real estate = $460,000. This is a truly beautiful restaurant. Do yourself a favor and request pictures of the restaurant. The previous owner really did a wonderful job on the build out and interior design. The restaurant has a fully equipped kitchen, a bar, approximately 50 seats inside and 50 seats outside. There is plenty of street parking available and the train station is directly in front of the restaurant (across the street). The space is 2,144 square feet plus a basement. Real Estate taxes are about $9,600 per year. The restaurant is currently managed by the owner's son and daughter in law. They will provide the necessary training to ensure a successful transition for a new owner.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: