Newly Built-Out Neighborhood Restaurant&Bar w/Gaming-Suburban Downtown

Cook County, IL
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Asking Price:$1,150,000
Established Year:2023
Inventory:$20,000
BUSINESS DESCRIPTION

Currently operating as a popular Italian-American char house, grill and bar.

Offering a mouthwatering menu of amazing skillets, benedicts, omelets, pancakes, French toast and sides along with fresh juices, bottomless mimosas, fresh brewed Lavazza coffee and espresso drinks for breakfast. And an incredible menu of delicious appetizers, salads, sides, sandwiches, burgers, pizzas, pastas, entrees and desserts for lunch and dinner. Plus, an extensive selection of ice-cold beer, refreshing drinks and fabulous cocktails.

Full-service restaurant with a full bar. Serving breakfast, lunch and dinner. Dine-in, carryout or pickup. Plus, custom catering for parties, graduations, weddings and much more.

Also, a separate party room/event space and lower-level games room with card table, shuffleboard and darts. And a private gaming area with 6 video gaming machines and ATM, plus lounge. Gaming was just added in Jan 2024. Gaming revenue (location’s take) is already at $5,000/mth and rapidly growing.

In addition to a large fully equipped kitchen featuring 17ft hood, Fiero Forni brick pizza oven, 6-burner stove, convection oven, 3ft char grill, flat top grill, 3-well steam table, salamander, toaster, mixer, single-door sandwich unit, 3-door sandwich table w/cooler top, walk-in cooler, chest freezer, single-door reach-in freezer, 2 deep freezers, POS system and more. As well as a coffee station and a full bar with countertop cooler, several 3-door display coolers, wine cooler, wine storage racks and more. Plus, a lower-level area with a draft cooler and additional storage.

Gorgeous modern build-out. Featuring a stylish black & white interior with high ceilings, exposed ductwork, expansive windows, painted brick, cool concert floors, contemporary seating, exquisite lighting, large screen tvs and more.

Established about a year. Independent - no royalty, advertising or transfer fees. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. Its high-volume business is also included in the sale, but financials are not available.

Turnkey. Keep the current concept or make it your own. The building also has 2 open spaces on its lower level that you can expand to or use for something else or rent out for additional revenue!

One-story building with walk-out lower level in the rear. Built in 1979. On 30,056 sqft or .69 acres of land. Roof is 12 years old. The restaurant occupies the 1st level and was completely renovated in 2023 including electric, plumbing, gas and more with high-end construction materials. There is also 2,495 sqft of space available on its lower level to expand to or for another use or to rent out. Real estate taxes 36,000/yr.

Prime retail space in a single-tenant strip center. Boasts great signage, visibility, access and parking. Also, high foot and vehicle traffic!

On a busy main street near the intersection of a major thoroughfare. Surrounded by many restaurants, retailers and businesses, plus a vast residential area.

Perfectly situated in the beautiful downtown area of this thriving western suburb just down the street from its Metra train station!

Feel free to stop by the location as a customer first. 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 Ted Aretos at EatZ & Associates / EatZ Real Estate Group LLC


DETAILED INFORMATION
Location
Cook County, IL
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
6,040
Employees
8
Facilities
Year Established: Sep 2023. Square Feet: 6,040 Sqft (3,545 SqFt 1st Floor + 2,495 Lower Level) Seating: 48 Seats (Room For More). Days/Hrs of Operation: Tu-Th 8a-9p, Fr-Sa 8a-12m, Su 8a-8p (Closed Mondays) Owners Role: Owner operated - general manager. Value of FF&E: Included In Asking Price (Valued at $200,000). Value of Inventory: $20,000 (Not Included In Asking Price).
Competition
A culinary destination and amazing experience. Authentic homestyle cooking. Already famous for their phenomenal bbq ribs, fantastic steaks, brick oven pizzas and outstanding Italian dishes. Great food, great drinks, great atmosphere and great people. Known for their high-quality offerings and exceptional service! Fully renovated property. Newly built-out restaurant and bar. Impressive set up.
Growth & Expansion
New local favorite. Great downtown spot. Neighborhood gem. A popular community gathering place. A must try. Wonderful addition to this western suburb. The best char house in the area. And the perfect place to host an event or hit the jackpot! Rated 4.8 Facebook, 4.7 Google and more. Highly rated and recommended, excellent reputation to continue to build upon. Tons of up-side potential!
Financing
No.
Support & Training
Negotiable on-site comprehensive training.
Reason for Selling
Current owners relocating.
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Ted
Aretos
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Ted Aretos