American Diner in EXCELLENT LOCATION, Harwood Heights on Harlem Ave!~
Business Description
You'll discover an exceptional American diner opportunity that's been thoughtfully designed for success. Picture yourself welcoming guests into this beautifully renovated 7,200 square foot restaurant on busy Harlem Avenue in Harwood Heights, where strong foot traffic meets excellent visibility.
This isn't just another restaurant - it's a complete dining destination. You'll love the open kitchen concept where you can connect with customers at the 6-seat diner counter, creating that authentic neighborhood feel diners crave. The full bar with Class A liquor license opens up endless revenue possibilities, while the separate gaming room with 6 machines provides an additional $5,000 monthly income stream.
Imagine the flexibility this space offers. The layout splits into North and South sections with a private dining room for special events. Multiple patios extend your seating capacity during beautiful weather, maximizing your earning potential year-round.
You'll appreciate the solid foundation already in place. With 2024 sales exceeding $1.5 million and gaming income adding another $60,000 annually, the numbers speak for themselves. The previous owners invested over $1 million in a complete 2014 buildout, so you're getting premium equipment including Hobart mixers, professional hoods, walk-in coolers, and freezers - everything needed to hit the ground running.
The 35 dedicated parking spaces solve one of restaurant ownership's biggest headaches, while the monument marquee sign ensures your business gets noticed. Being surrounded by strong national co-tenants means built-in foot traffic from day one.
Whether you're an experienced restaurateur ready to expand or someone passionate about creating a community gathering place, this turnkey operation positions you for immediate success. The ownership is flexible on terms and open to carrying financing, making this dream more achievable than you might think.
Lease rate: $34/sf NNN, (annual taxes: $10.75/sf)
Sale Price: STO
This isn't just another restaurant - it's a complete dining destination. You'll love the open kitchen concept where you can connect with customers at the 6-seat diner counter, creating that authentic neighborhood feel diners crave. The full bar with Class A liquor license opens up endless revenue possibilities, while the separate gaming room with 6 machines provides an additional $5,000 monthly income stream.
Imagine the flexibility this space offers. The layout splits into North and South sections with a private dining room for special events. Multiple patios extend your seating capacity during beautiful weather, maximizing your earning potential year-round.
You'll appreciate the solid foundation already in place. With 2024 sales exceeding $1.5 million and gaming income adding another $60,000 annually, the numbers speak for themselves. The previous owners invested over $1 million in a complete 2014 buildout, so you're getting premium equipment including Hobart mixers, professional hoods, walk-in coolers, and freezers - everything needed to hit the ground running.
The 35 dedicated parking spaces solve one of restaurant ownership's biggest headaches, while the monument marquee sign ensures your business gets noticed. Being surrounded by strong national co-tenants means built-in foot traffic from day one.
Whether you're an experienced restaurateur ready to expand or someone passionate about creating a community gathering place, this turnkey operation positions you for immediate success. The ownership is flexible on terms and open to carrying financing, making this dream more achievable than you might think.
Lease rate: $34/sf NNN, (annual taxes: $10.75/sf)
Sale Price: STO
About the Business
- Years in Operation
- 44
- Facilities & Assets
- "The Family Palace" For Sale or Lease
±7,200 SF restaurant building
35 dedicated parking spaces
Monument marquee sign | Brick & stucco façade
2014 full buildout/rehab ($1M+)
4 inline retail spaces converted into one restaurant
Split into North & South sections | Small private dining room
Open kitchen & diner counter (6 seats)
Full bar with Class A liquor license
Video gaming room with 6 machines | ~$5,000/mo income
Includes all FF&E: Hobart mixers, 21’ & 15’ hoods, slicers, walk-in - Market Outlook / Competition
- This is a PRIME LOCATION......
- Opportunities for Growth
- Breakfast will kill it here.....
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 7,200
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- 30 days onsite.
- Financing Options
- Owners financing available
Listing Info
- ID
- 2419456
- Listing Views
- 65
Attached DocumentsAttachment Disclaimer
Listing ID: 2419456 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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