Well established for 25 years, Turn Key upscale Italian Restaurant

Will County, IL
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Asking Price:$599,000
Gross Revenue:$1,300,000
Established Year:1999
Cash Flow:$243,000
Rent:$8,531/Month
BUSINESS DESCRIPTION

Traditional Italian recipes made fresh from scratch.

This listing is for a very well known successful and highly profitable Italian restaurant located in the south suburbs of Will County in an area surrounded by three major retail stores. It is available to a pre-qualified buyer only. For 25 years this restaurant has serviced their community establishing a loyal customer base. This is a destination for the locals and surrounding communities. This popular restaurants offers a potential buyer a substantial yearly income.

This diversified restaurant offers private events, catering, take out and an outstanding dine-in experience with some of the finest Italian food around. The business offers a gluten-free menu as well as an exceptional pizza. There is a beautiful dining room and a private room that together seat over 150 people. There is also outdoor seating providing a wonderful “under the stars” atmosphere.The restaurant is currently closed for lunch, but they optimize that time for special events such as (showers, parties, funeral lunches, etc.). Their private events calendar is booked well into 2024.

A new buyer could grow the business even more by opening for lunch or adding gaming. This is an outstanding turnkey opportunity for a buyer with restaurant knowledge and experience.

The current owner is grateful to the community for the continued support and friendships built throughout the years but it is simply time to retire after 25 years.

This listing is highly confidential. If you would like more information about this business, or if you would like to schedule a site visit before or after hours, please contact the owner by email. You will be required to sign a confidentiality agreement and show proof of funds prior to obtaining any information.

No agents please.

Please do not attempt to contact or approach the staff or the restaurant’s patrons.


DETAILED INFORMATION
Location
Will County, IL
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,376
Lease Expiration
31/12/2024
Facilities
This is a turn key operation with all the equipment in place to operate a business.
Competition
Restaurant is one of two white tablecloth businesses located in the area. The restaurant is surrounded by 3 major retail stores.
Growth & Expansion
Opening for lunch or adding gaming would increase the business revenue.
Financing
Owner willing to negotiate lease options between potential buyer and landlord.
Support & Training
Owner will provide two weeks of training included in the asking price
Reason for Selling
Owner retiring after 25 years in the business.
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Listed By: Not Disclosed