Keep The Current Concept Or Make It Your Own
Summit, IL
Asking Price: $99,000
Gross Sales: $(Asset Sale)
Net Operating Income: $(Asset Sale)
Monthly Rent: $3,000
Lease Expiration: 06/2024
Options: One 5-Year Option
Year Established: 2000
Owner Operated: No
Seller Financing: No
Food Type: Any, Chinese, Greek/Mediterranean, Hawaiian, Indian, Italian, Japanese, Mexican/Tex-Mex, Pizza Place, Seafood, Steakhouse
Service Type: Fast Casual
Business Type: Independent
Sale Type: Asset Sale

Description:

Currently serving authentic Mexican cuisine.

Simple operation - counter service. Dine in, carryout or delivery.

Features a fully stocked bar and fully equipped kitchen with hood, 6-burner stove with oven, 7ft flat top grill, 3ft char grill, 2 fryers, 3-well steam table, salamander, steam table, sandwich units, prep tables, beverage cooler, reach-in fridge, walk-in coolers, freezers and much more.

Recently remodeled interior. Separate carryout entrance. Full basement built out for small banquets. Lots of room to add a patio. Gaming is also possible.

Well established restaurant location for 20 years. Asset sale - no financials.

Keep the current Mexican concept or make it your own. No restrictions can be any type of restaurant. Potential to purchase the building also.

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 corner retail space in a freestanding building with ample parking in downtown suburban Summit. Surrounded by many businesses and homes. And just off the I-55 interchange!

Real Estate: Leased
Facilities:

Leased space $3,000/mth gross. Current lease expires in Jun 2024 with one 5-year option. Square Feet: 2,500. Seating: 70. Days/Hrs of Operation: Daily 11a-9p. Owners Role: Absentee owner.

Number of Employees: 4
Support/Training: Two weeks on-site comprehensive training.
Value of FF&E: Included In Asking Price
Value of Inventory: $5,000 or less (Not Included In Asking Price)
Competition:

Ideal suburban downtown location. Perfect corner spot. Great visibility and signage.

Growth and Expansion:

High traffic counts, over 27,000 vehicles passing by each day. Potential to add video gaming.

Seller Financing Available: No
Reason For Selling: Relocating.