Beloved Long-Established Italian Restaurant w/Bar-Hoffman Estates, IL!

Asking Price: $159,000

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Beloved Long-Established Italian Restaurant w/Bar-Hoffman Estates, IL!


Asking Price: $159,000

Asset Sale Description
Serving incredible authentic Italian cuisine.

Full-service restaurant with a full-service bar. Dine-in, carryout, pickup and delivery, plus party packages, catering and trays to go. Online ordering also available. Reservations accepted.

Features a warm and inviting dining room, a beautiful bar area, plus an additional dining room for private events (~50 guests). A popular spot for communions, birthday parties, showers, rehearsal dinners, anniversaries, holiday gatherings, corporate events and more. As well as live music a couple of nights a week.

Along with a large fully equipped kitchen includes two hoods (10ft & 14ft), 10-burner stove, 4-burner stove w/oven, 2 deep fryers, steam unit, bread oven & warmer, pasta warmer, meat slicer, cappuccino maker, refrigerated prep tables, reach-in coolers & freezers, walk-in cooler & freezer and much more.

Well established over 12 years. Current owner over 4 years. Independent - no royalty, advertising or transfer fees. Asset sale - all furniture, fixtures and equipment (FF&E) as well as name and recipes included, but no financials.

Turnkey - keep the current concept or bring your own here!

Prime retail space in a popular 44,961 sqft neighborhood center with other sought-after tenants and ample parking for over 250 vehicles. Boasts prominent signage, excellent visibility, easy access and ample parking.

Perfectly situated at a signalized intersection on a heavily traveled corridor with over 25,000 vehicles per day. Near a mega-church with over 8,000 members and large community college with over 16,000 students. Also, just minutes from a popular shopping & entertainment district and expansive retail & hotel node. Plus, near corporate campuses and hospitals/medical offices and so much more.

As well as surrounded by the affluent neighborhoods of Hoffman Estates, Inverness and South Barrington. Over 49,000 residents with a median household income over $118,000 within a 3-mile radius and over 171,107 residents with a median household income over $97,000 within a 5-mile radius.

Competition & Market: A cozy traditional Italian eatery. True classic Italian cooking with amazing authentic flavors. Every dish is handcrafted with the freshest ingredients. And gourmet catering. Well-known for their house-made pastas/sauces, wood-fired pizzas, fresh fish and decadent desserts, plus great wines. As well as their friendly attentive service.

Inviting interior. Spacious yet intimate dining atmosphere. Robust cocktail bar. And a huge professional kitchen. Built-out for large volumes!

Growth & Expansion: Longtime local favorite Italian place. Beloved institution in the neighborhood. Staple in the community. Area gem. Loyal following. Tons of regulars. Surrounded by a vast commercial and residential area. Highly rated and recommended, solid reputation to build upon.

Also, the opportunity to further increase sales by extending hours and adding lunch plus weekend brunch.

Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only outside of business hours.

Listed By Tim Ryan at EatZ & Associates
Detailed Information
Years in Operation
12
Facilities & Assets
Year Established: 2013 (Current Owner 2021).

Leased space $8,232/mth gross. Current lease expires May 2026 with one 5-year option.

Square Feet: 4,500.

Seating: 99.

Days/Hrs of Operation: Mo-Th 4p-9p, Fr-Sa 4p-10, Su 4p-8p (Dinner Only).

Owners Role: Supervisory (manager) - oversees the operation.

# Of Employees: 15 Part-Time.

Value of FF&E: Included In Asking Price (Valued at $150,000).

Value of Inventory: $20,000 (Not Included In Asking Price).
About the Sale
Transition Support
Two weeks on-site comprehensive training.
Seller Motivation
Downsizing.
Financing
No.
Listing Info
ID
2439547
Listing Views
5

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Business Listed by: Tim Ryan EatZ & Associates

Listing ID: 2439547 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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