Turnkey Restaurant & Bar Far NW Suburb Of Chicago

Business Overview:

Turnkey Restaurant & Bar Affluent Far Northwest Suburb of Chicago - Bring Your Concept Here!

"Newer 3,432 SqFt Build-Out - Fully Equipped - Full Bar - Fenced-In Patio"

Exceptional opportunity to bypass the time, expense and uncertainty of building from the ground up. This second-generation restaurant offers an extensively improved 2023 build-out ready to be transformed into a buyer’s own concept. This is strictly an asset sale; existing names, concepts, recipes, website and intellectual property are not included, so the buyer must rebrand, subject to landlord and governmental approvals. Ideal for an experienced operator, emerging brand or established concept seeking a faster, cost-effective path to opening another location. The commercial kitchen includes a 12-foot hood, double-stack conveyor pizza oven, three fryers, charbroiler, stacked convection ovens, warming cabinets, dough mixer, steam table, extensive refrigeration, walk-in cooler/freezer, prep tables, shelving, sinks and smallwares. The adaptable facility can support pizza, burgers, sandwiches, wings, barbecue, Mexican, Mediterranean, Asian, gastropub, sports-bar, family, brewpub-style or chef-driven concepts. Existing bar infrastructure includes 10 draft taps, keg coolers, liquor rails, beverage and wine refrigeration, ice bin and four dual-flavor frozen-drink machines. Major restaurant infrastructure is already installed, reducing conversion complexity considerably.

Listed By Pat Mahoney at EatZ & Associates

Contact the Seller:

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Property Features and Assets:

Prime corner retail space in a neighborhood center with ample parking along a major east-west commercial corridor, immediately east of a heavily traveled north-south arterial. The intersection carries more than 40,000 vehicles daily, drawing customers from the immediate community and surrounding northwest and western suburbs. The center is part of an established retail node surrounded by restaurants, shopping, service businesses and dense residential neighborhoods. The affluent community has 40,718 residents and a median household income of $133,240.

Established March 2023. Gross rent is $8,996 per month. Current lease expires November 2027 with three five-year options. Seating accommodates 100 indoors and 32 outdoors. Current operating hours are daily, 11 a.m.–9 p.m. Absentee owned and operated with a general manager in place and 14 employees. FF&E is included in the asking price and valued at $171,000. Inventory is valued at $14,000 and excluded. No seller financing. Seller is focusing on other locations.

SqFt: 3,432
Seating: 100 Inside & 32 Outside
Hrs: Daily 11a-9p
Owners Role: Absentee owned and operated - general manager in place
Training: (Asset Sale)
Leased Space: Leased space $8,996/mth gross. Current lease expires Nov 2027 with three 5-year options.

Market Competition and Expansion:

This offering provides value versus developing a restaurant from a vacant shell. The included equipment package alone carries an estimated replacement cost of approximately $276,000–$404,000. A buyer steps into an existing restaurant environment where costly core infrastructure is already completed, including the grease trap, plumbing, restrooms and finished dining areas, helping avoid many upfront construction and equipment expenditures.

The established, high-income suburban trade area creates an opportunity to introduce a concept tailored to local market demand. Potential expansion avenues include delivery, online ordering and catering to extend sales beyond on-premise traffic. Additional revenue opportunities may come from private events, family dining, sports viewing and later-evening business. Seasonal programming can monetize outdoor capacity during warmer Chicagoland months. The operation may also offer an opportunity to add video gaming, subject to approvals, licensing and requirements. Together, these avenues give an operator multiple ways to broaden dayparts, occasions, customer reach and revenue streams.

Reason for Selling:

Focus on other locations. Kindly ask the seller for more information.

Additional Details:

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