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Listed by:

EatZ & Associates

Broker license number: 471021331

Longstanding Highly-Rated Italian Restaurant w/Property - 28 Years! For Sale

Northwest Suburb of Chicago, Illinois, US
Asking Price:
$1,100,000 Furniture / Fixtures included
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

Longstanding Highly-Rated Italian Restaurant w/Property Northwest Suburb of Chicago - 28 Years!

"Freestanding Building With A Large Patio At A Major Intersection With High Traffic Counts"

Serving delicious authentic, made-to-order southern Italian cuisine. Including tasty appetizers such as fried calamari, baked clams and antipasto, crisp salads, hearty soups, handmade pasta such as cannelloni, cavatelli, gnocchi and manicotti, as well as fresh seafood, steak, veal and chicken dishes, plus much more. As well as gluten-free and vegetarian options. In addition to mouthwatering classic Italian desserts.

Full-service restaurant with two bars. Dine-in, carryout and 3rd party delivery, plus catering. Open for dinner 6 nights a week. Online ordering also available. Reservations accepted. White tablecloth service.

Features a casual elegant interior with a warm and cozy atmosphere. Ample seating - can accommodate up to 200 people. 148 inside - seating for 80 in the main dining room and another 69 in a private room, great for additional seating or private parties. Plus, seating for 42 outside on its large patio. And a full bar area in the middle with access to both dining rooms. As well as a 2nd smaller bar in the private dining room.

Plus, a fully equipped commercial kitchen with 20ft hood, 10-burner stove w/2 ovens, two 6-burner stoves w/2 ovens, deep fryer, 4-well steam table, several refrigerated sandwich units and so much more. In addition to a full basement with a prep area, a double-decker Blodgett pizza oven, walk-in cooler and freezer, plus storage.

Well established for over 28 years. Independent - no royalty, advertising or transfer fees. Asset sale - all furniture, fixtures and equipment (FF&E) included. No financials. Owner operated and long-term dedicated staff in place.

Asking $1.1 million for business assets and property.

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. 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 / EatZ Real Estate Group LLC

Property Information

Real Estate:

Real Property Included

Location:

Prime retail space in a freestanding building with a large patio. Plus, ample parking for 42 vehicles.

Perfectly situated at the major intersection of two busy thoroughfares with high traffic counts. Boasts great signage, high visibility, excellent exposure and easy access.

Ideally situated in the heart of the thriving dining corridor of a highly-desirable well-established northwest suburb. Also surrounded by a vast commercial area and dense residential area!

Premises Details:

Year Established: 1998 (Current Owner 2022).

Property Information: One-story freestanding building with basement. On .56 or 1/2 acre. Parking for 42 vehicles. Real estate taxes $47,000/yr.

Seating: 148 Inside + 42 Patio.

Owners Role: Owner operated (active day-to-day) + 10 dedicated well-experienced employees.

Size in square feet:
3,574 (+ 2,500 SqFt Basement)

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Longtime local favorite. Area gem. Staple in the community. A part of the neighborhood. Loyal customers. Tons of regulars for generations.

Perfect for a family dinner or date night or any special occasion. Plus, their private dining room is perfect for a shower, rehearsal dinner, baptism, anniversary, memorial, funeral and more. Also, the perfect place to get your catering for all those events and more!

Highly rated and recommended, outstanding reputation to continue to build upon! Also, can easily expand the business by opening for lunch too!

Competition / Market:

A wonderful old world Italian restaurant. Everything made fresh, in- house, from scratch and with the finest ingredients. Phenomenal authentic Italian dishes not found anywhere else. Fantastic bread, soups, pasta and sauces. Exceptional desserts. Known for their amazing food, attentive service and outstanding catering.

One of the best Italian restaurants in the area. Rated 4.6 Google, 4.6 Facebook, 4.5 TripAdvisor, 4.2 Yelp and more. Featured on Chicago Best and “Check, Please”. Lots of accolades and tv appearances.

Reasons for selling:

Personal health.

Trading hours:

Tu-Su 4p-8:30p (Dinner Only - Closed Mondays)

Employees:
10 (2 Hostesses + 3 Waitresses + 3 Cooks + 2 Bus Boys)
Years established:
Over 28 Years

Other Information

Support & training:

Negotiable on-site comprehensive training.

Financing available:

No

Furniture / Fixtures value:
$150,000 - included in the asking price
Inventory / Stock value:
$15,000
Related Documents:

Listed by

EatZ & Associates

Broker license number: 471021331