On Algonquin Rd With Over 25,000 Vehicles Per Day - Over $500,000 Spent On Build-Out
Hoffman Estates, IL
Asking Price: $99,000
Gross Sales: $(Asset Sale)
Net Operating Income: $(Asset Sale)
Monthly Rent: $7,159
Lease Expiration: 2021
Options: One 3-Year Option
Year Established: 2012
Owner Operated: Yes
Seller Financing: No
Food Type: American, Any, Bar/Pub/Tavern, Beer & Wine, Bistro, Breakfast & Lunch, Cafe, Cajun, Chinese, Diner, Greek/Mediterranean, Grill, Indian, Italian, Japanese, Lounge, Mexican/Tex-Mex, Seafood, Steakhouse, Thai, Wine Bar
Service Type: Full Service
Business Type: Independent
Sale Type: Asset Sale

Description:

Currently serving delicious authentic Italian cuisine.

Full service. Dine-in, also carryout and curbside pickup.

Features a spacious dining room and full bar, plus an additional dining room for private events. Also, private gaming room with 5 video gaming machines.

Fully equipped professional kitchen includes two hoods (10ft & 14ft), 3 station POS, 10-burner stove w/ovens, 4-burner stove w/oven, 5ft grill, 2 deep fryers, steam unit, bread oven, pasta warmer, meat slicer, cappuccino maker, refrigerated prep tables, reach-in coolers & freezers, walk-in cooler & freezer, ice machine and much more.

Well established restaurant location for over 7 years. Family owned and operated.

Asset sale - no financials. Over $500,000 spent on the build-out. Keep the current Italian concept or make it your own! Great for any type of restaurant, especially a breakfast place!

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 busy 50,000 sqft neighborhood center with 24 sought-after retailers and ample parking for 260 cars. Serving the affluent neighborhoods of Hoffman Estates and South Barrington.

Perfectly situated on Algonquin Rd with over 25,000 vehicles per day. Near Willow Creek Mega-Church with over 8,000 Members and Harper Community College with over 16,000 students. Also, just minutes away from Woodfield Mall and many hotels.

Real Estate: Leased
Facilities:

Leased space $7,159/mth gross. Current lease expires in 2021 with one 3-year option. Landlord offering a new 3 or 5 year lease with options. Square Feet: 4,500. Seating: 99 Dining Room + 14 Bar. Days/Hrs of Operation: Tu-Su 5p-10p (Closed Mondays). Owners Role: Manager.

Number of Employees: 15 Part-Time
Support/Training: Two weeks on-site comprehensive training
Value of FF&E: Included In Asking Price
Value of Inventory: $20,000 (Not Included In Asking Price)
Competition:

Ideally located. Great build-out for large volumes. The dining rooms can also accommodate multiple private parties at one time. Beautiful interior. Warm and inviting atmosphere. Wonderful ambiance. Huge kitchen!

Growth and Expansion:

Local favorite. Neighborhood gem. Surrounded by a vast affluent commercial and residential area. Highly rated and recommended, great reputation to build upon.

Seller Financing Available: No
Reason For Selling: Retiring.