High-Volume Longstanding Steakhouse - Sales Over $2.3 Million!

Asking Price$2,100,000

Gross Revenue
$2,399,511

Net Operating Income$461,099

FF&E$250,000
Included in asking price
Building Sq. Ft.9400

Price per Sq. Ft.Not Disclosed

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High-Volume Longstanding Steakhouse - Sales Over $2.3 Million!


Asking Price$2,100,000

Gross Revenue
$2,399,511

Net Operating Income$461,099

FF&E$250,000
Included in asking price
Building Sq. Ft.9400

Price per Sq. Ft.Not Disclosed

Property Description
Serving premium steaks, chops & ribs, specialty pasta & chicken entrees, fresh seafood and decadent desserts. Plus, delicious appetizers and kid-friendly options. In addition to amazing daily specials.

Full-service restaurant with a full-service bar. Dine-in, carryout or pickup, plus banquets. Features multiple dining rooms/private banquet rooms.

Well established. Independent - no royalty, advertising or transfer fees. Family owned and operated.

Prime retail space in a highly visible freestanding building with and ample parking. Perfectly situated on a well-traveled east-west arterial thoroughfare.

Competition/Market: The finest cuisine. Authentic recipes. Homemade sauces. Hand-cut steaks prepared to order. Legendary prime rib. Signature cocktails. Cozy interior - the perfect setting for both dinner and special occasions. Well-known for their quality food, hearty portions, old-school charm and impeccable service.

Rave reviews. Highly rated and recommended, stellar reputation to continue to build upon!

Growth & Expansion: Area gem. A longtime favorite with timeless appeal. Beloved steakhouse. A cornerstone of the community/surrounding communities. Famous IL name and reputation. A dining destination. Huge regional draw from multiple western suburbs. Patrons come from near and far. The “go-to” celebration spot. Also popular for hosting special events, club meetings, parties and more. Tons of regulars. Loyal multi-generational customer base!

And the potential to further expand the business with catering, delivery and marketing. Can also add video gaming.

Reasons for Selling: Retiring.

This is a HIGHLY confidential listing. If interested, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only outside of business hours.

Listed By Ted Aretos at EatZ & Associates / EatZ Real Estate Group LLC
About the Property
Type
Retail
Building Status
Established
Facilities & Assets
Year Established: 1974.

SqFt: 9,400.

Seats: 404.

Hrs: Tu-Th 3p-9p, Fr-Sa 3p-9:30p, Su 12n-8p (Closed Mondays).

Owners Role: Owner operated (active-day-to-day), plus general manager and a dedicated experienced staff in place.

Employees: 3 Full-Time & 32 Part-Time.

Training: Open to discuss.

Value of FF&E: Included In Asking Price (Valued at $250,000).

Value of Inventory: $25,000 (Not Included In Asking Price).
Location Description
Property: Freestanding building with large private parking lot on 4 acres. Boasts new refrigeration and remodeled bathrooms. Real estate taxes $25,146.
Current and Prior Use
Steakhouse
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
No.
Listing Info
ID:
2406970
Listing Views:
113

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Property Listed by: Ted Aretos EatZ & Associates

Listing ID: 2406970 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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