Turnkey Restaurant + Real Estate | Established Multi-Location Brand
Business Description
Standalone Restaurant in Newer Custom Building with plenty of parking & two outdoor-dining patios with views enjoying the Chicago Skyline.
Exceptional opportunity to acquire a fully operational, high-quality Thai Restaurant along with high-visibility in Westchester. Clear split-pricing for buyer transparency: $1,500,000 for the real estate and $700,000 for the business, goodwill, FF&E, recipes/systems, and operational infrastructure, for a combined opportunity at $2,200,000. 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.
The 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
~ Apx 3,500 sq ft ~ Apx 11,000 sq ft lot
~ 25 parking spaces + Dual patios
~ Fully equipped modern, high-quality equipment
~ High traffic with excellent visibility
~ Established brand 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 ~ Proof of Funds upon request/pre-approval ~ 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 ~ Contact Paula Boudos at 708-548-6132 or Kelley Clute 773-653-6306 with Keller Williams Preferred Realty
~ 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
Exceptional opportunity to acquire a fully operational, high-quality Thai Restaurant along with high-visibility in Westchester. Clear split-pricing for buyer transparency: $1,500,000 for the real estate and $700,000 for the business, goodwill, FF&E, recipes/systems, and operational infrastructure, for a combined opportunity at $2,200,000. 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.
The 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
~ Apx 3,500 sq ft ~ Apx 11,000 sq ft lot
~ 25 parking spaces + Dual patios
~ Fully equipped modern, high-quality equipment
~ High traffic with excellent visibility
~ Established brand 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 ~ Proof of Funds upon request/pre-approval ~ 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 ~ Contact Paula Boudos at 708-548-6132 or Kelley Clute 773-653-6306 with Keller Williams Preferred Realty
~ 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
- Thi Thi's ~ Thai, Vietnamese and French Restaurant is a 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 and compensation is negotiable and written up separately.
- Financing Options
- Owner may consider owner financing with an acceptable down payment & credit score
Listing Info
- ID
- 2494828
- Listing Views
- 8
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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