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Listed by:

EatZ & Associates

Broker license number: 471021331

Turnkey Restaurant And Bar Affluent Far NW Suburb For Sale

Far Northwest Suburb of Chicago, Illinois, US
Asking Price:
$175,000 Furniture / Fixtures included
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Turnkey Restaurant & Bar Affluent Far Northwest Suburb of Chicago - Bring Your Concept Here!

"Newer 3,432 SqFt Build-Out - Fully Equipped - Full Bar - Fenced-In Patio"

Exceptional opportunity to bypass the time, expense and uncertainty of building a restaurant from the ground up!

This 3,432 SqFt 2nd-generation restaurant & bar in an affluent far northwest suburb of Chicago offers a newer, extensively improved build-out, fully equipped commercial kitchen, full bar, spacious dining room and outdoor patio - all ready to be transformed into your concept.

This is strictly an asset sale. The existing restaurant names, concepts, recipes, website and intellectual property are NOT included. A buyer must rebrand and operate under its own concept, subject to landlord and governmental approvals. That makes this an ideal opportunity for an experienced restaurant operator, emerging brand or established concept looking for a substantially faster and more cost-effective path to opening another location.

Newer Build-Out – A Major Head Start

The restaurant underwent a substantial build-out in 2023. Instead of starting with a vacant shell and spending months designing, permitting, constructing and equipping a restaurant, a new operator can take advantage of major restaurant infrastructure already in place.

Fully Equipped Commercial Kitchen

A tremendous amount of restaurant equipment is included, giving a new operator flexibility to accommodate numerous foodservice concepts.

Major equipment includes a 12 ft hood, double-stack conveyor pizza oven, 3 deep fryers, charbroiler, 2 stacked convection ovens, 2 holding/warming cabinets, 60-quart dough mixer and steam table. Refrigeration includes upright cooler/freezer equipment, multiple refrigerated sandwich & pizza prep tables, chef-base refrigeration, additional front-counter refrigeration and a walk-in cooler & freezer. Stainless prep tables, shelving, 3-compartment pot & pan sink and extensive smallwares are also included.

That versatility makes the facility adaptable to a wide variety of concepts - pizza, burgers, sandwich, wings, barbecue, Mexican, Mediterranean, Asian, gastropub, sports bar, family restaurant, brewpub-style restaurant or another chef-driven concept, subject to landlord approval and applicable licensing.

Full Bar Already Built

Another major advantage is the existing full bar infrastructure, eliminating one of the most expensive components of many restaurant conversions.

The bar features 2 keg coolers supporting a total of 10 draft taps, liquor rails, beverage refrigeration, wine refrigeration and an ice bin, along with 4 dual-flavor frozen beverage/slush machines.

Fenced-In Outdoor Patio

Outdoor dining is already incorporated into the operation with an enclosed patio accommodating ~32 guests. Patio furnishings include 12 picnic-style benches and umbrellas.

This gives a new operator additional seasonal capacity without having to create an outdoor dining area from scratch and provides another attractive revenue opportunity during Chicagoland's warmer months.

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing; please DO NOT talk to any owners, employees or patrons. Showings are by appointment only outside of business hours.

Property Information

Real Estate:

Lease

Lease Terms:

Lease Information: Leased space $8,996/mth gross. Current lease expires Nov 2027 with three 5-year options.

Lease Security Deposit: $6,798

Location:

Prime corner retail space in a newer neighborhood retail center with ample parking along a major E-W commercial corridor, immediately east of a heavily traveled N-S arterial.

This intersection boasts over 40,000 vehicles per day and provides access to a broader customer base extending well beyond the immediate community into several surrounding northwest and western suburbs.

The center sits within an established retail node surrounded by restaurants, shopping, service businesses and dense residential neighborhoods.

And is ideally positioned in a strong affluent far northwest suburb with a population of 40,718 and median household income of $133,240.

Premises Details:

Year Established: Mar 2023.

Seating: 100 Inside & 32 Outside.

Owners Role: Absentee owned and operated - general manager in place.

Size in square feet:
3,432

Business Operation

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

A buyer can capitalize on a newer restaurant/bar infrastructure in an established high-income suburban trade area to introduce their concept specifically tailored to the surrounding market.

Potential growth opportunities include delivery, online ordering, catering, expanded bar sales, private events, family dining, sports viewing, late-evening business and seasonal patio programming. There is also the opportunity to add video gaming.

Competition / Market:

This offering represents a significant value compared with starting from scratch. The equipment package alone has an estimated new replacement cost of ~$276,000–$404,000.

Your chance to step into an existing restaurant environment with the expensive infrastructure already completed - hood, grease trap, walk-ins, plumbing, restrooms, finished dining room, bar and patio. All the FF&E needed to support a broad range of concepts!

Reasons for selling:

Focus on other locations.

Trading hours:

Daily 11a-9p

Employees:
14
Years established:
3 Years

Other Information

Support & training:

(Asset Sale).

Financing available:

No.

Furniture / Fixtures value:
$171,000 - included in the asking price
Inventory / Stock value:
$14,000
Related Documents:

Listed by

EatZ & Associates

Broker license number: 471021331