NOT DISCLOSED, Illinois
| Asking Price |
$175,000 |
Year Established |
2023 |
|
| Annual Revenue |
$0 |
Reason for Selling |
Focus on other locations. |
|
| Annual P/L |
$0 |
Attention |
Pat Mahoney |
|
| Annual Cash Flow |
$0 |
Listing Number |
1018117 |
|
| # of Employees |
14 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
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/bar received a substantial 2023 build-out and is ready for an experienced operator, emerging brand or established concept to rebrand and launch. This strictly asset-sale offering includes extensive FF&E and major restaurant infrastructure. The commercial kitchen features a 12-ft hood, double-stack conveyor pizza oven, three fryers, charbroiler, stacked convection ovens, warming cabinets, 60-qt mixer, steam table, walk-in cooler/freezer, prep refrigeration, stainless tables, shelving, sinks and smallwares. Built-in bar infrastructure includes two keg coolers supporting 10 draft taps, liquor rails, beverage and wine refrigeration, ice bin, plus four dual-flavor frozen beverage machines. The flexible layout can support pizza, burgers, wings, barbecue, Mexican, Mediterranean, Asian, gastropub, sports bar, family dining, brewpub-style or chef-driven concepts, subject to approvals. Existing names, concepts, recipes, website and intellectual property are excluded. Buyers gain a faster, more cost-effective path to opening, with construction, permitting and equipment installation largely completed and operational flexibility from day one.
Listed By Pat Mahoney at EatZ & Associates
Property Features and Assets:
<p>Prime corner location in a neighborhood retail center with ample parking on a major east-west commercial corridor, immediately east of a heavily traveled north-south arterial. The intersection carries 40,000+ vehicles per day, providing visibility and access from several northwest and western suburbs. The center is part of an established retail node surrounded by restaurants, shopping, service businesses and dense residential neighborhoods. The surrounding affluent community has a population of 40,718 and median household income of $133,240, supporting a substantial local customer base. This site combines prominent corner positioning, traffic generators and access to both nearby residents and commuters. The business was established in March 2023. Fourteen employees currently support operations, with day-to-day management handled by a general manager.<br><br>SqFt: 3,432<br>Seating: 100 inside / 32 outside<br>Hrs: Daily 11am-9pm<br>Owners Role: Absentee; GM in place<br>Training: Asset sale<br>Leased Space: $8,996/month gross; expires Nov. 2027; three 5-year options<br>Property: Leased</p>
Market Competition and Expansion:
<p>This offering presents value versus creating a restaurant from scratch: the included equipment package has an estimated new replacement cost of approximately $276,000-$404,000. A buyer also avoids recreating improvements such as the grease trap, plumbing and finished restrooms, preserving capital that can instead be directed toward branding, marketing and launch. The high-income suburban trade area creates an opportunity to introduce a concept tailored to local demand and broaden revenue beyond traditional dine-in service. Potential expansion channels include delivery, online ordering and catering, while private events can create occasions and group business. Bar-focused promotions may increase beverage sales, and family-oriented programming or sports viewing can help build repeat traffic across different dayparts. Late-evening service offers another possible revenue window where market demand and approvals support it. Seasonal outdoor programming can create warmer-weather traffic and special-event opportunities. An operator may also explore adding video gaming, subject to applicable licensing, approvals and requirements.<br></p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity