Incredible Freestanding Restaurant w/Property Joliet, IL-Jefferson St!

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Asking Price:
$499,000

Gross Revenue:
$532,108
Cash Flow:
$86,502
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Currently operating as a friendly neighborhood full-service restaurant offering contemporary American cuisine. Serving delicious appetizers, soups, salads, sandwiches and entrees including steaks, chops, seafood and pastas.

Open for lunch and dinner. Hosts wine tastings. Live acoustic music.

Full bar with an extensive wine list. Also private dining room, the perfect place to host communions, showers, birthdays, graduations, holidays, rehearsals, anniversaries, retirements, funerals, business meetings, golf outings and more. Full basement.

The restaurant is located in a one-of-a-kind historical building. Cozy yet elegant décor. Intimate and casual ambience. Beautiful stone wall. Large windows overlooking the street. Ample parking for 30 cars.

Locally family owned and operated.

Keep the current concept or make it your own at this ideal location.

Prime corner retail space in a beautiful historic freestanding building with great visibility on highly trafficked W Jefferson St. Close to the Rialto Square Theater. Minutes from Harrah’s and Hollywood Joliet casino. Near the historical cathedral area. Surrounded by a vast residential and commercial area - close to many homes and businesses.

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. If interested, contact EatZ for more information. Showings by appointment only.

Listed By Ted Aretos at EatZ & Associates/ Z Real Estate Group / American Realty Network Inc

About the Business

Location:
Joliet, Illinois
Year Established:
2003
Number of Employees:
19
Real Estate:
Owned
Building Sq. Ft.:
3,630
Facilities:
Parcel 1: 3,630 sqft restaurant on 14,397 sqft lot. Parcel 2: 547 sqft commercial building on 5,159 sqft corner lot. Lot total: 20,096 sqft or .46 acre. 2nd parcel currently being leased out for $710/mth to a separate catering company (great source of extra income). Real estate taxes $14,000/yr.

Square Feet: 3,630 Restaurant & 547 Rental.

Seating: 105.

Days/Hrs of Operation: Tu-Th 11:30a-2p & 5p-9p, Fr 11:30a-2p & 5p-10p, Sa 4p-10p.

Value of FF&E: Included in Asking Price.
Website:
truthrestaurant.com
Market Outlook/
Competition:
“Where great food and people meet.” This place is synonymous with delicious food. Elegant dining in a relaxed atmosphere. Known near and far for their delectable cuisine. Amazing cocktails. Salads made from organic, locally grown produce. Also, an excellent place to host a business function, family event or holiday party, as well as celebrate a special occasion. Always first class. Known for their outstanding service.

Best restaurant in Joliet. Best place in town. Best place south of Chicago. Best place around. Best place to have a hearty meal. Winner of 2018 Best of Will County Reader’s Choice for “The Best” in the fine dining Category.

A local landmark. The building was constructed in 1920 and formerly housed Clover Farm Stores, later to be known as Maichin Food Mart. Ideally situated among Joliet’s attractions, Chicagoland Speedway, the Old Joliet Prison, Harrah’s and Hollywood Casinos and more.
Growth & Expansion:
A Joliet favorite since 2003. A real gem. Local hot spot. One of the most sought-after restaurants in Joliet. A diamond in the Joliet area. Neighborhood treasure. Loyal customer base. Highly rated and recommended, great reputation to continue to build upon.
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About the Sale

Reason For Selling:
Current owners looking to change careers.
Training/Support:
Two weeks on-site comprehensive training.
Seller Financing:
No

Listing Info

ID:
1621494
Ad Detail Views:
1317

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Business Listed by

Ted Aretos

EatZ & Associates

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Sponsoring Broker:

Tom Traina
EatZ & Associates
License# 475175390


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