Listings

Summary:

An incredible opportunity to acquire a fully equipped, completely built-out restaurant and bar located on busy W Grand Ave 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 tvs, 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 first. If interested, please complete the short Contact Form on the right or email Pat Mahoney at Pat@eatz-associates.com or call 847-208-9569 for more information. Showings by appointment only.

Competition:

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!

Growth and Expansion:

Ideal location on the north side. Great neighborhood spot. Highly visible location on Grand Ave (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!

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 W Grand Ave, 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!

County: Cook

Facilities:

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

Square Feet: 2,850

Seating: 50 Inside.

Real Estate: Leased.

Value of FF&E: Included In Asking Price (Valued at $175,000).

Value of Inventory: Not Included In Asking Price.

Seller Financing Available: No.

Reason for Selling: Other interests.