Beautiful Italian Restaurant for sale in West Suburbs of Chicago, Property Included

This is a restaurant with a small bar for sale with the property. The current owner prefers to sell the business and the property together however, he would consider selling just the business & leasing the property to a well-qualified buyer.
West Suburbs of Chicago – Sale includes: the Property, the Business, all Equipment & all Fixtures.
Purchase Price / Real Estate = $460,000.00

Purchase Price / Business = $65,000.00

Total Purchase Price / Business & R.E. = $525,000.00

This restaurant is a full-service Italian restaurant and bar with a fantastic reputation, located in a historic downtown area of the Western suburbs of Chicago.  During the warmer months, they have some additional seating outdoors, directly in back of the restaurant.

The current owner lives in South Florida. His son and daughter moved up here from South Florida to manage the restaurant. Unfortunately, they are homesick and wish to return to South Florida, where they grew up.

This is a full service Italian restaurant and bar located in a popular downtown area and is one of the area’s premier dining establishments. The restaurant specializes in quality Italian cuisine in an elegant dining atmosphere. The menu includes prime cuts of steak & chops, fresh seafood, veal & chicken dishes, as well as dozens of reasonably priced pasta dishes. An extensive wine menu is also available.  

The restaurant opened for business in 1990 and has received glowing reviews from critics and customers alike.  It doesn’t take long to find an abundance of customer testimonials on a variety of online review sites, such as metromix.com, urbanspoon.com, yelp.com and more.  Customers are in agreement that this popular restaurant combines beautiful ambiance, elegance, warm service and fantastic food.

The historic downtown location allows for it to market to a very population-dense area, including many local businesses.  The restaurant not only has an attractive space for dining and socializing, it is establishing a strong catering component to the business.

There is a large market to tap into for catered meals providing quality food that people crave as opposed to the standard fast food options.  Private family parties, social functions and businesses are all great opportunities for additional revenue. This restaurant is also only open for lunch on Thursday & Friday, so opening for lunch the other 5 days would increase sales even further. Opening on Sundays & Mondays would help as well. Another area of opportunity is to stay open later. They are only open until 9pm on Tues & until 10pm Wed-Sat, and closed on Sunday & Monday. Most restaurants are open later.

This is a truly beautiful restaurant. Do yourself a favor & request pictures of the restaurant. The previous owner really did a wonderful job on the build out & interior design. You need to see this restaurant.

 

Note: The current owner prefers to sell BOTH the business & property together, due to the fact he lives in Florida.  

Asking Price/Business & Real Estate: $525,000.00 plus inventory
Gross annual sales (approximately): $776,021.30 (2010)
Cash flow (approximately): $140,567.60
Value of furniture, fixtures & equipment (approximately): $110,000.00
Value of inventory (approximately): $12,000.00 (not included in asking price)
Value of real estate (approximately): $460,000.00
Building, Property details (approximately): The annual real estate taxes are +/- $9,600.  The lot size is 6,236 sq ft.  The building is 2,144 sq ft.  There are about 50 seats inside plus 60 seats outside.  
Seller Financing: Owners might discuss some financing with qualified & experienced buyer/operators.
Contact: Tony This email address is being protected from spambots. You need JavaScript enabled to view it., Advantage Business Acquisitions, Inc. 847-722-1877

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