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High-Volume Well-Established Italian Restaurant - Sales Over $1.4M!

Will County, IL
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Asking Price:$499,000
Gross Revenue:$1,416,660
Rent:$10,000/Month
Cash Flow:$234,308
Inventory:$75,000
Established Year:2008
Listing ID: 2223739Listing provided by BizBuySell
BUSINESS DESCRIPTION

A beloved Italian restaurant offering a diverse menu of amazing classic Italian dishes prepared with fresh, high-quality ingredients. From homemade pastas and mouthwatering seafood to appetizing antipasti and delectable desserts, there’s something delicious for everyone.

Full-service restaurant with a full-service bar. Dine-in, carryout, pickup and 3rd party delivery, plus catering. Online ordering also available. And reservations are accepted.

Gorgeous historic building with a striking exterior. And a warm and inviting interior with cozy seating areas and rustic décor. Plus, a fully stocked bar with seating. As well as a lovely sidewalk patio during the warmer months. In addition to newer kitchen equipment!

Well established for over 16 years. Independent - no royalty, advertising or transfer fees. Family owned and operated, plus full-time manager in place. Currently open just 33 hours per week! And sales up year after year after year!!

Prime corner retail space in a beautiful freestanding building nestled in the heart of this thriving southwest suburb’s historic downtown.

Perfectly situated on its busy main street along with a variety of shops, boutiques, cafes, eateries, restaurants and pubs making it a popular destination for shopping and dining. Also hosts a variety of events and festivals throughout the year!

Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.

Listed By Pat Mahoney at EatZ & Associates

DETAILED INFORMATION
Location
Will County, IL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,500
Lease Expiration
31/03/2029
Employees
20
Facilities
Leased space $10,000/mth base + taxes, water, garbage and electric for common area. Seller/landlord offering a new 5-year lease with two 5-year options. Square Feet: 4,500 + Basement. Seating: 175. Days/Hrs of Operation: Tu-Th 4p-9p, Fr 4p-10p, Sa 3p-10p, Su 3p-8p (Closed Mondays). Owners Role: Owner operated - with a full-time general manager in place. # Of Employees: 4 Full-Time & 16 Part-Time. Value of FF&E: Included In Asking Price (Valued at $250,000). Value of Inventory: $75,000 (Not Included In Asking Price).
Competition
Top notch. True Italian dining. Authentic Italian cuisine in a charming European-style setting. Phenomenal original family recipes. Fabulous house made bread, dressings, sauces, sangria and more. Excellent wine selection. A wonderful dining service - memorable experience. Perfect for family dinners, gatherings with friends, romantic evenings and special occasions. With nearly 2 decades of operation, has built a strong reputation for its delectable cuisine, exceptional service and welcoming ambiance.
Growth & Expansion
Local favorite. Area gem. Icon in the southwest suburbs. Treasured institution. Staple in the community. One of the best Italian restaurants in Chicagoland. THE go-to place for incredible homemade Italian food. Loyal customer base. Tons of regulars. A cherished destination for locals and visitors alike! Voted Best Italian Restaurant on the Southside. Featured on Chicago's Best! Rave reviews. Rated 4.6 Google, 4.5 Facebook, 4.5 TripAdvisor, 4.2 Yelp and more. Highly rated and recommended, fantastic name/reputation to continue to build upon.
Financing
No.
Support & Training
Open to discuss.
Reason for Selling
Retiring.
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