Turnkey Restaurant + Real Estate | 3500 sq ft of Newer Construction

Asking Price$2,200,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$150,000
Included in asking price
Real Estate$1,800,000
Included in asking price
Bar area
Front of Building
Main Dining area
Dining area
2nd Dining sometimes used for private parties
Bar area
Bar area
Front of Building
Save1/6

Turnkey Restaurant + Real Estate | 3500 sq ft of Newer Construction


Asking Price$2,200,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$150,000
Included in asking price
Real Estate$1,800,000
Included in asking price

Seller Financing Available
Business Description
Turnkey Restaurant + Real Estate | 3500 sq ft of Newer Construction
Standalone Restaurant in Newer Custom Building with plenty of parking & two outdoor-dining patios with views enjoying the Chicago Skyline.

Exceptional opportunity to stop paying rent and acquire a fully operational, turn-key restaurant and bar along with high-visibility in Westchester on busy Roosevelt road. This offers a rare opportunity to purchase a newer buildout, and long-term growth potential.

Built from the ground up in 2021, and features approximately 3,500 SF of a beautifully designed interior space, complemented by two outdoor patio areas that enhance seasonal dining and customers can enjoy a dining experience with a view of downtown Chicago without heading to the city. This custom facility sits on an expansive 11,000 SF lot and offers approximately 25 parking spaces.

The property was thoughtfully built for restaurant use with a modern layout and with this being a new build approximately 4 years ago we are looking at all newer mechanicals, a high-end commercial kitchen and beautifully designed. The layout supports strong dine-in traffic, private parties and premium customer experience.

If you are interested in the business as well which is currently operating as a Thai, Vietnamese, French restaurant you can keep the concept or make it your own ~ The 2.2 million pricing includes the real estate, all FF&E, open liquor, good will, recipes/systems and usage of the name (If your desire is to keep the asian flair going). Seller is open to a conversation to sell as an "Asset" sale with FF&E included and open liquor if a buyer has a different concept in mind.

This specific business benefits from an established multi-location brand presence, a recognized name, proven menu systems, proprietary recipes, trained staff structure, and immediate operational continuity for a new owner.

Key Highlights Re-Capped:
~ Newer Construction ~ no major capital expense expected
~ Property taxes: $23,762.73
~ Apx 3,500 sq ft ~ Apx 11,000 sq ft lot ~ Capacity (100 inside) additional (20 outside patio)
~ 2 outdoor patios for seasonal dining and thoughtfully designed with views of Downtown Chicago
~ 25 parking spaces, plus street parking
~ Fully equipped modern, high-quality commercial kitchen equipment
~ High traffic with excellent visibility
~ Established brand since 2015 with multiple locations (Optional name usage rights possible or make this your own)
~ Strong revenue with consistent customer base
~ Open liquor stays with sale and closed liquor to be sold separately! Inventory negotiable

Serious buyers only ~ Upon Submitting an offer Proof of Funds/Pre-approval requested ~ Financials and additional operational details available upon execution of confidentiality agreement ~ Walk-in as a customer or call for private showings - Do Not approach or discuss sale with any employees
~ No sight-unseen offers
~ LOI's will be reviewed as received. Property will continue showings and marketing through LOI stage
~ Earnest money of 2% within 2 business days of signed purchase contract
About the Business
Years in Operation
5
Employees
10 Full-time
Some employees may stay and some possibly transfering to the sister locations
Currently Home Based
Yes
Facilities & Assets
Turnkey and ready to continue operations on day-one and includes all furniture, fixtures, equipment, tables, chairs, bar setup, high-end commercial kitchen equipment "Hood, stoves, ovens, built-ins, bar, glassware/smallwares (All the essentials to get you up and running) ~ Detailed list will be provided and to be re-verified by buyer and/or buyer's broker
Website
https://www.thithirestaurant.com/westchester
Market Outlook / Competition
This is a stand alone one of a kind restaurant with little competition and in a prime location situated along a high-traffic Roosevelt Road corridor in Westchester and supported by strong surrounding residential neighborhoods, repeat local dining traffic, and convenient regional access from nearby western suburbs.
Opportunities for Growth
Seller is open to granting continued use with this "Plug and Play" established Thi Thi's name, food and drink menu concept or if you have been dreaming about "Italian, Mediterranean, steakhouse or a casual bar/restaurant with this modern build-out, efficient kitchen design and strong surrounding demographics, the space is well positioned to suceed under multiple concepts.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
3,500
About the Sale
Seller Motivation
Seller is expanding into a third location and streamlining operations closer to
Transition Support
Owner can stay up to 2 months to ensure a smooth transition of the expansive food and drink menu ~ compensation is negotiable and written up separately. Owner
Financing Options
Owner may consider owner financing with an acceptable down payment & credit score
Listing Info
ID
2494828
Listing Views
553

Contact Seller

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Business Listed by: Paula Boudos Keller Williams Preferred

Listing ID: 2494828 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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