Successful Restaurant & Bar Location For Three Generations
Cook County, IL
Asking Price: $675,000
Gross Sales: $(Asset Sale)
Net Operating Income: $(Asset Sale)
Monthly Rent: $(Property Included)
Lease Expiration: (Property Included)
Options: (Property Included)
Year Established: 1951
Owner Operated: Yes
Seller Financing: No
Food Type: American, Any, Bar/Pub/Tavern, Lounge
Service Type: Full Service
Business Type: Independent
Sale Type: Asset Sale With Property

Description:

Well established restaurant and lounge for over 29 years with the same owner!

Full service. Separate bar area up front and large dining room with a private banquet area.

5 Video gaming machines. Approximately $32,773 in gaming revenue (location's take) in 2019.

Renovated in 1991. Family owned and operated.

Asset sale with property - no financials. Keep the current concept or make it your own!

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 employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

County: Cook
Location:

Prime retail space in a freestanding building on a major road with high traffic counts. Ample parking. Surrounded by many businesses and homes.

Perfectly situated in a southwest industrial suburb of Chicago. Just minutes from I-55 and many major attractions in Chicago.

Real Estate: Owned
Facilities:

Lot size = 15,158 sqft or .348 acres. Two story freestanding masonry building built in 1955 and renovated in 1991. Two new 5-ton AC units recently installed in 2017. 2019 Property Taxes $22,161. Building includes 3 apartments, two rented for $,1300/mth and one rented for $1,050/mth. Apartment tenants are currently month to month. Square Feet: 7,000. Seating: 190 (35 Bar + 155 Dining). Days/Hrs of Operation: Daily 11a-8p. Owners Role: Owner Operated.

Number of Employees: 7
Value of FF&E: Included In Asking Price
Competition:

Best Bohemian food in the area. Great reputation for delicious old-fashioned European food. Family friendly. Ideal neighborhood place.

Growth and Expansion:

Centralized location. Successful restaurant and bar location for three generations. Local favorite. The “go to” spot for years. Staple in the community. Also, a possible re-development site. Incredible investment opportunity!

Seller Financing Available: No
Reason For Selling: Retiring.