Closed Restaurant Excellent Shape PRICE REDUCED (ID: 1106549)

FINANCIAL DETAILS
Asking Price: $449,000
Gross Revenue: Not Disclosed
Cash Flow: Not Disclosed
Inventory: n/a **
Real Estate: $485,000 ++
FF&E: $250,000 ++
Business Listed by Mike BauerCornerstone Commercial Partners II, LLCView All of My Listings
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Closed Restaurant Excellent Shape PRICE REDUCED
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Business Description

Landmark Family Pizza Restaurant in a Great Location. Generations have brought their families to this famous area establishment. Current owner finally retired at age 90, so it's now time for a new operator to cash in and take advantage of the location. Fully Furnished building is 4390 Square Feet with a Full Bar. Seating capacity is 200. Fully Sprinkled Building. Real Estate includes Building and 31,760 Square Foot Lot. Excellent chance to purchase restaurant real estate at a fraction of the appraised value. Re-open as same or re-concept. Formerly know as Popes Pizza located at 66 E. Devon in Elk Grove. Type of Real Estate: Retail Location Description: Prime restaurant location near the intersection of Devon and Arlington Heights Road. Exceptionally easy access from all directions and Huge parking lot. Across the street from sports fields means a FULL HOUSE before and after games/ leagues, etc. Building Square Feet: 4390 Building Status: Established Asking Price Per Square Foot: 112.75

About the Business

Facilities: Fully Equipped Restaurant. All Furnishings, Fixtures, and Equipment, Tables, Chairs, Bar and All Bar Equipment, Two Old Fashioned Cash Register Bangers, All Kitchen Equipment, Walk-ins, Reach-ins, Prep Tables, Dough Rollers, Mixers, Hoods, Pizza Ovens.......All clean and ready to be put back into service. Full Bar and Fully Sprinkled Building.

LISTING KEYWORDS: restaurant pizza italian lunch dinner breakfast carry-out delivery closed pub bar tavern beer liquor

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