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Business For Sale

Full Service Restaurant-Located NW Chicago Suburbs

Chicago NW Suburbs, DuPage County, IL

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$85,000
$32,000
Not Disclosed
$60,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
2000
15
359232783
Owner Financing is Available!
Seller might consider a small amount of financing for qualified buyer.

Business Overview:

This business has been operating at this location for over 11 years. It's currently operating as a full-service Mexican restaurant with a full liquor license, two dining rooms, a bar, an office and seating for about 200 people. It's a free standing 5,500 square foot building with plenty of parking, located on a major road with more than 42,000 cars driving by the front door each day. The restaurant has a very good reputation in the area and it's easy to find many glowing reviews on the internet. As you can see from the picture, you are getting a lot for a mere $85,000. At this low of a price, you have the flexibility to do pretty much whatever you want. You can continue to run it as a Mexican restaurant or change the name and the concept to something completely different. In fact, this location was an Italian restaurant at one time. The d cor is pretty neutral, so a change in concept wouldn't require much remodeling. Plus, at this price, you'd have the financial flexibility to make changes. One area of opportunity is modernizing the sign out front to better capture the tremendous amount of traffic driving by each day. Another area of opportunity is expanding the hours of operation by staying open later than 11:00 PM and opening for lunch. At this price, this restaurant won't be available very long. Call us to schedule a tour before it's too late. Business Hours & Liquor License. Sunday Thursday: 4:00 PM 11:00 PM. Friday Saturday: 4:00 PM 11:00 PM. *Note: The restaurant has a full liquor license that allows you to stay open until 2 AM during the week and until 3 AM on Friday and Saturday. Pictures of the property can be emailed upon request.

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:

It's currently operating as a full-service Mexican restaurant with a full liquor license, two dining rooms, a bar, an office and seating for about 200 people. It's a free standing 5,500 square foot building with plenty of parking, located on a major road with more than 42,000 cars driving by the front door each day.The total monthly rent and Real Estate Taxes is $8,000/month and is negotiable for an experienced and qualified owner/operator. Seller might consider a small amount of training however, he has a manager who has been running the business for him & is willing to stay and very capable of training a new owner.

Market Competition and Expansion:

Competition: This business has been operating at this location for over 11 years. The restaurant has a very good reputation in the area and it's easy to find many glowing reviews on the internet. As you can see from the picture, you are getting a lot for a mere $85,000. At this low of a price, you have the flexibility to do pretty much whatever you want. You can continue to run it as a Mexican restaurant or change the name and the concept to something completely different. In fact, this location was an Italian restaurant at one time. Growth/Expansion: One area of opportunity is modernizing the sign out front to better capture the tremendous amount of traffic driving by each day. Another area of opportunity is expanding the hours of operation by staying open later than 11PM and opening for lunch. The restaurant is only open from 4PM to 11PM. At this price, this restaurant won't be available very long. Call us to schedule a tour before it's too late. The restaurant has a full liquor license that allows you to stay open until 2 AM during the week and until 3 AM on Fri and Sat.

Reason for Selling:

Retiring and moving to Texas.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.