For Sale

High-Volume Longstanding Pancake House w/Gaming Northwest Suburb of Chicago – Sales Over $1.6 Million!

Well Established Over 39 Years & With The Current Owner Over 32 Years

Northwest Suburb of Chicago, IL

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Food Type: Breakfast & Lunch/Brunch, Diner, Liquor License, Video Gaming

Service Type: Full Service

Business Type: Independent

Sale Type: Business For Sale

Asking Price: $350,000

Gross Sales: $1,600,193

Net Operating Income: $159,087

Monthly Rent: $10,000

Lease Expiration: 11/2029

Lease Options: One 5-Year Option

Year Established: 1984

Owner Operated: Yes

Seller Financing: No

Summary:

Offering a delicious menu of breakfast specialties including pancakes, French toast, waffles, crepes, omelets, benedicts, skillets and more. As well as outstanding soups, salads, sandwiches, entrees and more. Also, beer, wine, champagne and cocktails.

Full-service restaurant. Dine-in or out, pickup and 3rd party delivery.

Warm and welcoming interior. Features expansive windows, hostess stand, back of counter station + another wait station, counter seating, two spacious dining rooms with ample seating (maximum capacity 150) at both booths and tables, plus a fenced-in outdoor patio.

And a private gaming area with 6 video gaming machines by Accel Entertainment. 2023 gaming revenue (location’s take) $75,000. Boasts strong sales volume AND gaming volume!

Well established for over 39 years. And with the current owner over 32 years. Independent - no royalty, advertising or transfer fees. Family owned and operated.

Plus, the restaurant owns the Metra parking lot land (with 65 spots) and it is included in the sale of the business!

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 owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.

Competition:

Quintessential pancake house. An old-fashioned diner. Breakfast served all day. Wonderful selection. Good ol’ home cooking. Real comfort food. House made dressings and sauces. Quality ingredients. Everything fresh and hot. And good coffee too. Known for their amazing food, friendly atmosphere and excellent service.

Convenient location. Boasts great signage, visibility, access and parking. THE place for breakfast, lunch and dinner!

Growth and Expansion:

Local favorite. Longstanding pancake house. Staple in the community. Neighborhood gem. Best in town. A great place to eat. A beloved diner. The “go-to” restaurant in the area. Tons of regulars for generations. And lots of commuters from the adjacent train station!

Rated 5.0 Facebook, 4.6 Google, 4.5 Yelp, 4.5 TripAdvisor and more - with a total of over 5,000 online reviews! Highly rated and recommended, great reputation to build upon for another 40 years. And lots of upside potential by expanding hours and/or reducing payroll expenses!

Location:

Prime retail space in a freestanding building on a major thoroughfare. Perfectly situated adjacent to a busy Metra train station with direct connections to both Chicago and Elgin. And surrounded by a dense residential area of homes!

Located in a popular northwest suburb located close to O’Hare Airport and several major interstate highways, as well as numerous shopping areas. Makes it an ideal suburb for families and businesses alike!

County: DuPage

Facilities:

Lease Information: Leased space $10,000/mth gross. Current lease expires Nov 2029 with one 5-year option.

Square Feet: 3,913.

Seating: 135 Inside & 40 Outside.

Days/Hrs of Operation: Su-Th 6:30a-3p & Fr-Sa 6:30a-8p.

Real Estate: Leased.

Value of FF&E: Included In Asking Price (Valued at $125,000).

Value of Inventory: 10,000 (Not Included In Asking Price).

Number of Employees: 26.

Support/Training: Negotiable on-site comprehensive training.

Seller Financing Available: No.

Reason for Selling: Retiring.

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