Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Listed by:

EatZ & Associates

Broker license number: 471021331

Fully-Equipped Restaurant & Bar w/Gaming River Grove, IL! For Sale

Illinois, US
Asking Price:
$99,000 Furniture / Fixtures included
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

Fully-Equipped Restaurant & Bar w/Gaming In River Grove, IL - On Busy Grand Ave!

"2,850 Sq. Ft. Freestanding Building With Prominent Signage, Strong Visibility & Ample Shared Parking"

An incredible opportunity to acquire a fully equipped, completely built-out restaurant and bar located in the heart of River Grove.

Situated in an amazing freestanding brick building with large expansive windows, a sleek modern interior with a full bar (16 beers on tap), bar & table seating, 3 flat-screen TV's, open gaming area and a fully-equipped kitchen.

Its professional kitchen features a 14ft exhaust hood w/heated air return, 8-burner stove w/oven, tabletop flat-top grill, 2 deep fryers, double-stack Blodgett convection oven, dough mixer, 2-door sandwich prep cooler, 6-door sandwich prep cooler, single-door cooler, 2-door standup cooler, 2-door standup freezer, two chest freezers and more. Plus, a $25,000 Mara Forni brick pizza oven out front!
And its full bar features 16 beers on tap, two 3-door glass beverage coolers, single-door beverage cooler, tall single-door beverage cooler, 2-drawer sandwich prep cooler, glass washer, hand sink, ice machine and Toast POS system.

Entire restaurant was completely renovated in 2016. Over $400,000 spent on all new equipment, plumbing, electric, HVAC, roof and more.

Gaming approved - 5 video games (can add a 6th) plus ATM. Gaming revenue (location’s take) $50,000/yr and growing.

Asset sale - all furniture, fixtures and equipment (FF&E) included. Independent - no royalty, advertising or transfer fees. Also, no financials.

Ideal for a wide range of concepts such as a pizzeria, bar & grill, sports bar, cocktail lounge, gaming café, modern ethnic fusion restaurant and more. Bring your concept here!

Feel free to stop by the location as a customer first. If interested, please click on the orange Contact Broker button on the right to complete the short contact form. Showings by appointment only outside of business hours.

Listed By EatZ & Associates

Property Information

Real Estate:

Lease

Lease Terms:

Leased space $5,075/mth gross. Current lease expires Oct 2028 with two 5-year options.

Location:

Prime retail space in a freestanding building with prominent signage, strong visibility and a 2nd entrance in rear along with ample shared convenient municipal parking.

Perfectly situated on a heavily traveled east-west corridor with strong commuter traffic linking Chicago to the western suburbs. Adjacent to a very busy Starbucks and popular barber salon. And across two busy plazas. Plus, walking distance to the River Grove and Elmwood Park Metra stations!

Located in River Grove, the village of “Friendly Neighbors.” And in close proximity to Franklin Park, Elmwood Park and Melrose Park. Approximately 190,000 residents within 3 miles with a median household income around $70,000!

Premises Details:

Year Established: Mar 2024.

Seating: 50 Inside.

Size in square feet:
2,850

Business Operation

Expansion Potential:

Deal location on the north side. Great neighborhood spot. Highly visible location on one of river grove’s most visible streets lined with many businesses and thousands of vehicles daily. Also, surrounded by a vast commercial and residential area generating consistent foot and vehicle traffic!

Competition / Market:

Fully outfitted. Beautifully built. Quality equipment, finishes and systems. High-end kitchen equipment. Cool atmosphere. Open floor plan. Two entrances. Ample parking. Great place for a drink, a bite and to watch all the games. And the perfect place to hit the jackpot!

Reasons for selling:

Other interests.

Years established:
2 Years

Other Information

Financing available:

No

Furniture / Fixtures value:
$175,000 - included in the asking price
Related Documents:
Business closed / Asset sale:
Yes

Listed by

EatZ & Associates

Broker license number: 471021331