4275 W Grand Ridge Rd - EJ Karz Restaurant-Bar
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4275 W Grand Ridge Rd - EJ Karz Restaurant-Bar
6,400 SF Specialty Building Offered at $2,266,534 CAD in Verona, IL 60479
Investment Highlights
- High Volume Restaurant-Bar With Loyal Customer Base and New Customers Daily!
- Indoor Bar Seating for 24 people
- Large Fully Equipped Kitchen with Efficient Layout
- Restaurant Seating for 60 people
- Outdoor Seating for 300+ people
- Huge Parking Lot
Executive Summary
The owners of this well known establishment have decided to retire, creating an opportunity for a buyer to purchase a high volume restaurant-bar that is very profitable. EJ Karz is the combination of a busy restaurant with a 60 seat dining room, a spacious bar that seats 24 with plenty of room for a standing crowd, and an outdoor bar in a recently constructed pavilion which is nestled in the shade of tall oak trees, and offers seating for 260 people! The 6,400 sq.ft. restaurant/bar building, outdoor bar and seating area, and large parking lot is on 3.7 acres with lush green grass and towering oak trees! The fully equipped kitchen is spotless and provides plenty of room in an efficient layout for high volume food sales. The beautiful bar and back bar is laid-out for high volume and features a beer cooler that has glass doors from the walk-in cooler making restocking the bar a breeze! The video gaming machines add additional profit. There is a covered front deck on the building that seats 40+ people and a balcony on the back of the building that overlooks the stage, outdoor seating area and huge concrete patio. There is also a large basement with high ceilings and poured concrete walls that opens to the back patio. The basement is not currently used by customers or for events, but has been in the past. EJ Karz draws patrons from a very large area and has had events with live music and over 1,000 people in attendance! If you are looking for a very profitable, turn-key food and beverage business, you need look no further! This business is closed on Mondays and during summer holidays, so there would be additional revenue and profit for new owner who wants to be open 7 days a week and on summer holidays! The sale will include the business class C and package liquor licenses. Please check out this business as a customer; the food is delicious, the drinks are cold, the service is friendly, and the relaxed atmosphere is great! Then make an appointment to tour the business with a real estate broker on a Monday, or before or after business hours.
Taxes & Operating Expenses (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$12,882
|
$2.01
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,882
|
$2.01
|
Taxes & Operating Expenses (Actual - 2023)
| Taxes (CAD) | |
|---|---|
| Annual | $12,882 |
| Annual Per SF | $2.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,882 |
| Annual Per SF | $2.01 |
Property Facts
| Price | $2,266,534 CAD | Lot Size | 3.70 AC |
| Price Per SF | $354 CAD | Building Size | 6,400 SF |
| Sale Type | Owner User | No. Stories | 2 |
| Sale Conditions | Business Value Included | Year Built | 1974 |
| Property Type | Specialty | Parking Ratio | 7.81/1,000 SF |
| Price | $2,266,534 CAD |
| Price Per SF | $354 CAD |
| Sale Type | Owner User |
| Sale Conditions | Business Value Included |
| Property Type | Specialty |
| Lot Size | 3.70 AC |
| Building Size | 6,400 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 7.81/1,000 SF |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
About 4275 W Grand Ridge Rd , Verona, IL 60479
Property consists of a 6,400 sq.ft building including a full walk-out basement with high ceilings and overhead door to the back seating and entertainment area, a pavilion with full bar, a stage for live entertainment, a large concrete patio, covered deck and balcony, and a large gravel parking lot.
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $160,342 CAD | |
| Land Assessment | $16,335 CAD | Annual Taxes | $12,882 CAD ($2.01 CAD/SF) |
| Improvements Assessment | $144,007 CAD | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$16,335 CAD
Improvements Assessment
$144,007 CAD
Total Assessment
$160,342 CAD
Annual Taxes
$12,882 CAD ($2.01 CAD/SF)
Tax Year
2023 Payable 2024
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Century 21 Coleman-Hornsby
4275 W Grand Ridge Rd - EJ Karz Restaurant-Bar
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