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Arlington Heights Noted Italian Restaurant!

Arlington Heights, IL

Seller Financing Available

Asking Price:$1,800,000
Inventory:$40,000
Established Year:2021
Gross Revenue:$1,500,000
Rent:$6,100/Month
Listing ID: 2310676Listing provided by BizBuySell
BUSINESS DESCRIPTION

Excellent Cash Flow, Absentee Owner, Loyal Tenured Staff with Mgt.

-NDA Required For Financials
-SBA Pre-approved
-2023 sales of $1.5m,
-NOI of mid six-figures
-Phenomenal long term lease with great rent
-Large Parking Lot (Over 300 parks)
-Over $30,000 in Inventory included in price
-High 6-figure Owners Comp

A Great opportunity to own a high cash flowing (six figures) passive income Italian restaurant, and catering business. Sale includes all FF&E of a full service operation, all Intellectual property, name and recipes. This is an immaculate "tight" operating machine with ownership presence daily, but not needed. Nothing needs to be changed with this operation~

NDA Required for Financial Information, Please contact Broker

DETAILED INFORMATION
Location
Arlington Heights, IL
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,116
Employees
15
Facilities
Sale price includes all inventory. Approximate value of $30,000-$50,000
Financing
Rent numbers do not include Banquet Hall
Support & Training
30-days, negotiable
Reason for Selling
Retirement
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Chad Severson
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Chad Severson
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