Greek and Mediterranean Restaurant with Real Estate in Affluent Suburb
Business Description
This established Greek and Mediterranean restaurant represents a compelling acquisition opportunity in La Grange, Illinois, strategically positioned within Chicago's affluent Western Suburbs. The enterprise operates from a prime downtown location offering exceptional visibility and accessibility, with proximity to retail establishments, transportation infrastructure, and cultural amenities.
Financial Performance:
The business generates approximately $1,000,000 in annual revenue while maintaining limited operating hours of 11:00 AM to 8:00 PM across a 10-month operational calendar, demonstrating substantial potential for revenue expansion through extended service hours and enhanced beverage operations.
Operational Infrastructure:
The establishment features comprehensive restaurant infrastructure including newly installed walk-in coolers and freezer systems, a contemporary Unwell POS system, and approximately $30,000 in transferable inventory. The operation maintains a diversified revenue stream with 15% catering services and 20% takeout orders complementing dine-in service.
Licensing and Growth Potential:
The sale includes a package liquor license with conversion capability to full bar operations, presenting immediate opportunities for beverage program expansion and extended operating hours. The location's proximity to major highway networks ensures optimal accessibility for both local clientele and regional customers.
Real Estate Considerations:
The property carries annual real estate taxes of $13,000, reflecting the desirable suburban location while maintaining reasonable carrying costs. The seller offers the option to include proprietary recipes developed over multiple generations, providing operational continuity and established menu offerings.
This turnkey operation presents an exceptional opportunity for an experienced restaurateur to acquire an established business with demonstrated revenue performance, prime location advantages, and significant expansion potential through operational enhancements and extended service offerings.
Financial Performance:
The business generates approximately $1,000,000 in annual revenue while maintaining limited operating hours of 11:00 AM to 8:00 PM across a 10-month operational calendar, demonstrating substantial potential for revenue expansion through extended service hours and enhanced beverage operations.
Operational Infrastructure:
The establishment features comprehensive restaurant infrastructure including newly installed walk-in coolers and freezer systems, a contemporary Unwell POS system, and approximately $30,000 in transferable inventory. The operation maintains a diversified revenue stream with 15% catering services and 20% takeout orders complementing dine-in service.
Licensing and Growth Potential:
The sale includes a package liquor license with conversion capability to full bar operations, presenting immediate opportunities for beverage program expansion and extended operating hours. The location's proximity to major highway networks ensures optimal accessibility for both local clientele and regional customers.
Real Estate Considerations:
The property carries annual real estate taxes of $13,000, reflecting the desirable suburban location while maintaining reasonable carrying costs. The seller offers the option to include proprietary recipes developed over multiple generations, providing operational continuity and established menu offerings.
This turnkey operation presents an exceptional opportunity for an experienced restaurateur to acquire an established business with demonstrated revenue performance, prime location advantages, and significant expansion potential through operational enhancements and extended service offerings.
About the Business
- Years in Operation
- 44
- Employees
- 15 (15 Full-time)
- Facilities & Assets
- Beautiful all brick free-standing building in LaGrange, IL. Truss roof inside, paver floor with exposed brick throughout
- Market Outlook / Competition
- Only authentic Greek and Mediterranean Restaurant with HUGE loyal following.
- Opportunities for Growth
- Increase hours of operation, increase digital marketing, (door dash, etc...)
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 2,118
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- Negotiable
- Financing Options
- Owner will carry some paper for qualified buyer
Listing Info
- ID
- 2451923
- Listing Views
- 6
Listing ID: 2451923 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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