Family Owned Italian Restaurant Chicago NW Suburb - Highly Recommended

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Perfect for a Chef/ Owner
Asking Price:
$125,000

Gross Revenue:
$560,817
Cash Flow:
$50,031
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Currently offering a fine selection of authentic Italian entrées, appetizers, salads, desserts and wines. Full liquor license.

Dine-in, carry-out and catering.

Beautifully appointed interior. Cozy atmosphere. Warm and inviting ambiance. Features soft colors, intimate lighting, lovely furniture and gorgeous stacked stone walls.

Fully equipped kitchen. Turn-key!

All recipes included in the sale. Family owned and operated with the same owners for 17 years!

If you love to cook and want to own your own restaurant, this is the place for you!!

Prime retail space in a large busy shopping center on Palatine Rd with high visibility, excellent traffic counts and strong demographics. Surrounded by many homes. Ample parking.

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not talk to any of the employees or patrons. I f interested, contact EatZ for more information. Showings by appointment only.

Listed by Tom Traina at EatZ & Associates

About the Business

Year Established:
2001
Number of Employees:
3 + Family
Real Estate:
Leased
Building Sq. Ft.:
1,600
Lease Rate/Sq. Ft./Mo.:
$2.61
Lease Expiration:
9/26/2019
Facilities:
Leased space $4,170/mth gross. Current lease expires in 2019. Flexible landlord.

Square Feet: 1,600.

Seating: 60.

Days/Hrs of Operation: Mo-Th 4p -9:30p & Fr-Sa 4p -10p.
Market Outlook/
Competition:
Modern Italian cuisine. Use only the freshest ingredients. Homemade Italian recipes. Known for their wonderful food, wine and ambience, as well as outstanding friendly service. One of the best Italian restaurants in the suburbs. Great neighborhood spot.
Growth & Expansion:
Local favorite. A real gem. Loyal customer base. Lots of regulars. The go-to place for delicious homemade Italian cuisine. Highly rated and recommended, great reputation to continue to build upon!
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About the Sale

Reason For Selling:
Retiring.
Training/Support:
Four weeks comprehensive on-site training.

Listing Info

ID:
1554732
Ad Detail Views:
254

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Business Listed by

Tom Traina

EatZ & Associates
License# 475175390

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Source: American Community Survey (2010-2014), United States Census Bureau.

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