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Listed by:

EatZ & Associates

Broker license number: 471021331

Award-Winning Italian Restaurant Far Northwest Chicago Suburb - $2.27M In Sales For Sale

Far Northwest Suburb of Chicago, Illinois, US
Asking Price:
$750,000 Furniture / Fixtures included
Sales Revenue:
$2,267,394
Cash Flow:
$266,505

Award-Winning Italian Restaurant Far Northwest of Chicago - $2.27M In Sales!

"A Proven Restaurant With 20+ Years Of Success In A Thriving Suburban Historic Downtown"

Rare opportunity to acquire a highly successful, award-winning, independently owned Italian restaurant with over 20 years of operating history.

Located in the historic downtown of an affluent far northwest suburb of Chicago in McHenry County, this proven restaurant combines an exceptional reputation, impressive sales volume, established catering operation, full bar, video gaming, experienced management and an outstanding suburban downtown location.

A Proven Restaurant With 20+ Years of Success

Established in 2005 by the current owner, this beloved neighborhood destination has spent more than 2 decades building the type of reputation, brand recognition and customer loyalty that simply cannot be duplicated.

This incredible Italian restaurant specializes in authentic, scratch-made Italian cuisine inspired by family recipes from Southern Italy, including rotating chef specials, house-made pastas, a build-your-own pasta program, wood-fired pizzas, veal, chicken and fresh seafood entrées, plus homemade desserts.

Its outstanding reputation is reflected across major review platforms including 4.5 stars on Google, 4.5 stars and a Travelers' Choice designation on Tripadvisor, as well as a strong social-media following. Guests consistently praise its authentic cuisine, generous portions, cozy atmosphere and fantastic catering!

An Impressive 5,000 SqFt Italian Restaurant

The business occupies 5,000 sqft on the main level plus a full basement used for storage within a distinctive historic building. Its inviting interior combines the warmth and character expected from an established Italian restaurant.

The 200-seat operation includes a main dining room, second dining room and private-party room along with a sidewalk patio in the warmer months. Plus, a full bar that offers a wide selection of Italian and domestic wines, craft cocktails and specialty drinks. In addition to a fully equipped commercial kitchen featuring a large hood, fryers, ranges, convection oven, salamander, expo/pass line and more.

A truly turnkey restaurant operation that boasts multiple revenue streams extending beyond its dine-in business to reservations, online ordering, carryout, delivery and an established on/off-site catering operation with its own catering line, serving weddings, corporate functions, private parties and more.

This is a HIGHLY confidential listing. If interested, please click on the orange Contact Broker button on the right to complete the Buyer Profile form. Showings by appointment only outside of business hours.

Property Information

Real Estate:

Lease

Lease Terms:

Lease Information: Leased space $6,700/mth gross. Current lease expires Dec 2027 with one 5-year option.

Location:

Prime corner retail space in the historic downtown of a highly desirable far northwest suburb of Chicago in McHenry County. The restaurant enjoys the charm of a walkable main street district combined with excellent access to/from major area thoroughfares.

A Thriving Suburban Historic Downtown

Its thriving downtown features multiple restaurants, shops, community destinations and attractive public spaces centered around the scenic Fox River.

Easy Access and Excellent Traffic Counts

The traffic here is excellent for a suburban downtown location, with over 8,300 vehicles per day directly along its main street corridor, over 36,000 VPD on a nearby major E-W route and counts reaching 43,000 VPD within ~0.14 miles.

Outstanding Demographics & Buying Power

And the surrounding trade area is affluent, established and densely populated. Within 1 mile are ~7,549 residents with a median household income of $113,670; within 3 miles are 52,972 residents with a median household income of $106,995; and within 5 miles are 151,243 residents with ~$5.5 billion in buying power.

Consumer spending is equally compelling, with ~$11.9M spent annually on food away from home within 1 mile, $77.1M within 3 miles and $212.6 M within 5 miles.

Premises Details:

Year Established: 2005.

Seating: 200 Inside + Sidewalk Patio.

Owners Role: Absentee owned and operated. An experienced full-time general manager runs the day-to-day operation and will stay after the sale. The restaurant also has a well-seasoned staff already in place and long-established operating systems.

Size in square feet:
5,000 + Full Basement For Storage.

Business Operation

Management type:
This business has absentee ownership.
Expansion Potential:

The restaurant currently operates only 6 days per week and does not serve lunch.

A motivated new owner could:

  • Add weekday lunch, weekend brunch and Monday service
  • Further develop wine dinners, special events and private parties
  • Expand catering for corporate events, weddings, social functions and more
  • Fully maximize the use of its 200seat facility and private dining space

An owner/operator could also increase discretionary earnings through hands-on management.

Competition / Market:

Competitive advantages:

  • 20+ years of success
  • A destination restaurant
  • Beloved neighborhood institution
  • Substantial name recognition
  • Well established customer base
  • Plus strong, loyal regional following
  • Delicious traditional Italian family recipes
  • Established catering business
  • Full bar with a full liquor license
  • Substantial wine selection
  • Private gaming operations (5 video gaming machines)
  • 2025 gaming revenue $26,300
  • Award winning
  • Outstanding reviews
  • A Travelers' Choice designation
  • Impressive 5,000 sqft space
  • Exceptional historic downtown building
  • Prominent main street location
  • Irreplaceable historic downtown setting
  • Experienced management and staff in place
  • Exceptional low occupancy costs
  • Turnkey & difficult to duplicate
Reasons for selling:

Downsizing.

Trading hours:

Tu-Th 4 PM-9 PM, Fr-Sa 4 PM-10 PM, Su 4 PM-9 PM (Dinner Only / Closed Mondays)

Employees:
43
Years established:
21 Years

Other Information

Support & training:

Four plus weeks on-site comprehensive training (seller open to discuss an extended transition for a smooth transfer of ownership).

Financing available:

No.

Furniture / Fixtures value:
$200,000 - included in the asking price
Inventory / Stock value:
$25,000
Related Documents:

Listed by

EatZ & Associates

Broker license number: 471021331