Turnkey - Managers In Place / 2021 Sales Up 7% Over 2020
Chicago Far Western Suburb, IL
Asking Price: $1,095,000
Gross Sales: $2,590,417
Net Operating Income: $459,611
Monthly Rent: $10,500
Lease Expiration: 03/2025
Options: Four 5-Year Options
Year Established: 2015
Owner Operated: No
Seller Financing: No
Food Type: Bar/Pub/Tavern/Lounge, Seafood Place, Steakhouse
Service Type: Full Service
Business Type: Independent
Sale Type: Business For Sale

Description:

A high-end steakhouse vibe along with an intimate and sophisticated lounge.

Full service. Dine in or carry out. Open for lunch, after work and dinner. Accepts reservations.

Also features a glass enclosed private room, great for parties and small gatherings. And a professional kitchen with well-maintained equipment.

Gorgeous interior. Exquisite, high quality, expensive finishes everywhere. Top of the line equipment.

Well established for over 7 years. High volume - averages $55,000 week in sales. Turnkey - managers in place!

2021 sales up 7% over 2020!!

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: DeKalb
Location:

Prime retail space in a beautiful new strip center on a major retail corridor of this far western suburb along with many other national restaurant and retailers.

Surrounded by many major retailers including Aldi, AMC Theater, BestBuy, Blain’s Farm & Fleet, Hobby Lobby, Hu-Vee, Lowes, Mattress Firm, Menards, Michael’s, Party City, PetSmart, Office Max, Ross, Target, TJ Maxx, Walmart and much more. Also, many homes. Plus, near a major university with over 25,000 students!

Also, the area will soon be home to a massive Facebook data center. One of only 12 campuses in the country and 16 in the world. Local government and business officials expect it to greatly benefit the local economy!

Real Estate: Leased
Facilities:

Leased space $10,500/mth gross. Current lease expires Mar 2025 with four 5-year options. No increases in rent until options are renewed! Square Feet: 4,309. Seating: 150 Inside & 16 Outside. Days/Hrs of Operation: Su-Th 12n-9p & Fr-Sa 12n-10p.

Number of Employees: 34
Support/Training: Negotiable on-site comprehensive training.
Value of FF&E: Included In Asking Price (Valued at $300,000)
Value of Inventory: $30,000 (Not Included In Asking Price)
Competition:

Amazing restaurant. Extraordinary food, drinks and incomparable service. A culinary delight. High quality food. Everything cooked to perfection. Proudly serves USDA Midwest angus beef - all corn fed, cut fresh in-house and well-trimmed. Fresh fish daily. Locally sourced products. Unique artisan cocktails, exotic wines and specialty beers. Excellent wine list. Wonderful atmosphere. Incredible ambiance. Consistently great. Well trained staff. Exceeds expectations. A real treat any day of the week for lunch, dinner or drinks. THE place to celebrate all one’s special events. The best of the best. Voted DeKalb County’s Finest!

A+ location. Prominent spot with great signage, visibility, access and parking. And high traffic counts. Perfectly positioned in a booming hospitality market in a growing area!

Growth and Expansion:

Area gem. Local favorite. And a top visitor destination. Staple in the community. A must go. A real standout. Huge following. Tons of regulars. Loved by many. Highly rated and recommended - 4.6 stars on Facebook, 4 stars on Yelp and TripAdvisor. Great reputation to continue to build upon!

Seller Financing Available: No
Reason For Selling: Retiring.