For Sale

Freestanding Restaurant w/Drive-Thru Elk Grove Village, IL – Property Included!

Bring Your Concept Here To This Ideal Location In The Heart Of A Dense Industrial Area of Elk Grove With A Huge Daytime Population

Elk Grove Village, IL

Contact

Theo Theodosiadis
Theo@eatz-associates.com
847-910-4657

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Food Type: Any, Drive-Thru

Service Type: Fast Food

Business Type: Independent

Sale Type: Asset Sale With Property

Asking Price: $699,000

Gross Sales: $(Asset Sale)

Net Operating Income: $(Asset Sale)

Monthly Rent: $(Property Included)

Lease Expiration: (Property Included)

Lease Options: (Property Included)

Year Established: 1981 (Current Owners 2021)

Owner Operated: Yes

Seller Financing: No

Summary:

Currently operating as a Vietnamese restaurant.

Simple operation - counter service. Dine-in, carryout and pickup, plus drive-thru.

Exterior features a convenient drive-thru, fenced-in patio, ample parking and sizable monument sign.

Interior features a vestibule, large open space, many windows & skylights that let in a lot of natural light and an open kitchen line.

Kitchen features two 24ft hoods, two 6-burner stoves w/ovens, 2-burner stock pot burner, deep fryer, pressure cooker, rice cooker, meat slicer, 2-door sandwich prep cooler, 2-door prep table w/fridge, 2-door fridge, 2-door table top fridge, walk-in cooler, two up-right single-door freezers, as well as toaster oven, glass beverage cooler, beer cooler, bar blender, espresso machine, touch screen POS system, phone system and more.

Established restaurant location for over 43 years. With the current owners 3 years. Independent - no royalty, advertising or transfer fees. Asset sale - all furniture, fixtures and equipment (FF&E) included. Family owned and operated.

Bring your concept to this ideal location! Can be changed to any restaurant concept!! Perfect for any type of QSR - quick service restaurant!!!

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.

Competition:

Boasts a huge daytime population of workers!

Growth and Expansion:

A+ location. An exceptional spot in Elk Grove. Location, location, location!!!

Location:

Prime corner retail space in a freestanding building at a signalized intersection with excellent signage, visibility and access.

Located in the heart of a dense industrial area of Elk Grove. Surrounded by many manufacturers, facilities, plants, businesses, companies, distribution centers and service providers!

Perfectly situated in Elk Grove Village, known as the top market in the Chicago area for business. Already a booming business community with over 3,600 companies and service organizations within the village. It is regionally considered a premier location for business and industry. Contains the 2nd largest concentration of employment in the state of IL, with over 100,000 people commuting here for work to a diverse mix of local, national and international companies.

Also, a very desirable northwest suburb of Chicago named as one of “Fifty Fabulous Places to Raise Your Family.” Known for its excellent access to transportation, vibrant economy and varied housing stock, plus outstanding schools, parks & recreation, community service and small-town atmosphere.

County: Cook

Facilities:

Property Information: Single-story brick freestanding building with drive-thru, fenced-in patio and parking for 40 vehicles. On 30,727 sq. ft or .73 acres. 2021 improvements on the property include a new roof, new 5-ton AC and new 10-ton AC. 2022 real estate taxes $26,395.

Square Feet: 3,600.

Seating: 60+ (Inside & Outside).

Days/Hrs of Operation: Mo-Fr 11a-7p (Closed Weekends - Saturdays & Sundays).

Real Estate: Owned.

Value of FF&E: Included In Asking Price.

Value of Inventory: Not Included In Asking Price.

Number of Employees: 4.

Seller Financing Available: No.

Reason for Selling: Retiring.

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