Greek, Mediterranean Restaurant with Real Estate in Affluent Suburb

Asking Price$1,799,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,100,000

Inventory$30,000
Not included in asking price
FF&E$100,000
Included in asking price
Real Estate$1,400,000
Included in asking price
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Greek, Mediterranean Restaurant with Real Estate in Affluent Suburb


Asking Price$1,799,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,100,000

Inventory$30,000
Not included in asking price
FF&E$100,000
Included in asking price
Real Estate$1,400,000
Included in asking price

Seller Financing Available
Business Description
Picture yourself owning this thriving Greek and Mediterranean restaurant that's been delighting customers in one of Illinois' most affluent Western suburbs for years. You're looking at a solid business generating approximately $1 million annually with tremendous growth potential.

The location couldn't be better. You'll be right downtown with exceptional visibility and foot traffic, just steps from the Metro station. Your customers will love the convenience, and you'll appreciate the city-provided employee parking plus reciprocal arrangements with neighboring businesses.

What really sets this apart is the incredible team waiting to welcome you. Many longtime employees are excited to stay and help you succeed from day one. They know the customers, they know the scratch recipes, and they're invested in keeping this community favorite thriving.

You'll inherit diversified revenue streams that smart restaurateurs dream about: 50% takeout keeps the cash flowing, 20% catering delivers higher margins, and dine-in creates that authentic community connection. Operating 11 AM to 8 PM for 10 months (2025) gives you plenty of room to expand hours or add seasonal offerings.

The infrastructure is fantastic. You're getting brand-new walk-in coolers and freezers, a modern Uniwell POS system, and approximately $30,000 in transferable inventory. The spacious 2,350 square foot restaurant sits on a generous 6,300 square foot lot with highway access bringing regional customers right to your door.

Here's something exciting: you'll receive a package liquor license that can convert to full bar operations with Village approval. Imagine adding craft cocktails and wine pairings to complement those authentic Mediterranean flavors.

The seller could include their treasured family recipes (negotiable)- culinary secrets developed over generations that customers already know and love. You're not just buying equipment and a lease; you're inheriting trusted traditions with built-in customer loyalty that serve all ages of clientele and families.

With reasonable real estate taxes of $13,000 annually and a turnkey operation ready to go, this is perfect for an experienced restaurateur ready to build on solid foundations while adding your own vision for growth.
About the Business
Years in Operation
45
Employees
15 (10 Full-time, 5 Part-time)
Loyal long-time staff with little turnover.
Facilities & Assets
Beautiful all brick single story free-standing 2350/sf building in affluent Western suburb. Truss wood roof inside, paver floor with exposed brick throughout. New Walk in cooler and freezer, electrical and upgrades throughout. Fully built out kitchen with commercial grade equipment (oven, grills, refrigeration-all included in sale).
Market Outlook / Competition
Only authentic scratch kitchen Greek and Mediterranean Restaurant with HUGE loyal following.
Opportunities for Growth
Increase hours of operation, increase digital marketing, (door dash, etc...). Increase catering, to-go sales, (currently no delivery services). Outdoor patio for seasonal expansion and increased sales.
Real Estate
Owned or Leased
Owned
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
106

Contact Seller

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Business Listed by: Chad Severson Troy Realty LTD

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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