Asking Price: $1,200,000 Gross Revenue: Not DisclosedNet Operating Income: Not DisclosedFF&E: $150,000 included in asking priceBuilding Sq. Ft.: 6500.00Price/Sq. Ft.: Not DisclosedShare this business:
Explanation of Financial Terms
The total asking price of the property for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Net Operating Income
Net Operating income (NOI) equals operating revenue less operating expenses.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
Full service restaurant in a one story 6,500 sqft masonry freestanding building on 1.42 acre overlooking a beautiful pond with its own parking lot and 338 feet of street frontage on North Ave.
Fully equipped kitchen with two coolers and one freezer. Spacious dining room with tables and booths. Full bar with additional seating. Private banquet room for meetings, memorials, rehearsal dinners, showers, parties and more. Live entertainment on Friday & Saturday nights. Remodeled in 2005. Ample parking for 125 cars.
Zoned B-4 Corridor Commercial District. 2016 Appraised value $1.7 million.
Keep the current concept or make it your own at this ideal location. Video gaming coming to Lombard in the spring.
Cash or pre-approved buyers only! And must be able to close quickly!! Showings by appointment only.
Year Established: 1971 (Current Owners 1985 - 32 Years!)
Value of FF&E (Included in Asking Price): $150,000
Seller Financing: No
Reason For Selling: Pre-foreclosure.
Competition/Market: Priced well below appraised value.
Growth & Expansion: Ideal location on North Ave with great exposure.
Listed by Tom Traina at EatZ & Associates / American Realty Network Inc
About the Property
Square Feet: 6,500 (+ 1,500 SqFt Unfinished Basement). Seating: 225 (Dining + Bar + Banquet Room). Days/Hrs of Operation: Closed since June 2017.
Prime retail space at the southwest corner of E North & Joyce Ave, just north of Grace St. Perfectly situated just 2 miles east of I-355 in DuPage county.
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Freestanding Restaurant w/Bar Lombard + Building & 1.42 Acre Property!
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