For Sale

Fully-Equipped Italian Restaurant/Pizzeria With Property River Grove, IL – Grand & Thatcher Ave!

Freestanding Building At A Major Intersection With Over 53,000 VPD

River Grove, IL

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Food Type: Any, Italian, Liquor License, Pizza Place

Service Type: Full Service

Business Type: Independent

Sale Type: Asset Sale With Property

Asking Price: $1,100,000

Gross Sales: $(Asset Sale)

Net Operating Income: $(Asset Sale)

Monthly Rent: $(Property Included)

Lease Expiration: (Property Included)

Lease Options: (Property Included)

Year Established: 2003 (Current Owner 2021)

Owner Operated: Yes

Seller Financing: No

Summary:

Featuring a menu of fresh, seasonal rustic Italian cuisine and amazing pizza with an impressive wine list. Offering delicious appetizers, homemade soups, pasta, chicken & seafood specialties, veal dishes, sandwiches, thin-crust pizzas, sides and desserts. Along with an incredible gluten free menu!

Full-service restaurant with a full-service bar. Dine-in, carryout, pickup and in-house delivery, plus catering. Online ordering also available.

Remodeled in 2021. Warm and inviting interior. Ample seating in 2 dining rooms, plus a beautiful private all-season banquet room. Also, a convenient carryout area. Boasts 3 kitchens with 4 walk-in coolers/freezers: a main kitchen, a separate gluten free kitchen and a 2nd floor prep kitchen with exhaust hood, walk-in cooler/freezer and more!

Well established over 21 years. Current owner over 3 years. Independent - no royalty, advertising or transfer fee. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. No Financials (sales were over $1,500,000!)

Feel free to stop by the location first. This is a HIGHLY confidential listing. If interested, contact EatZ for more information. Showings by appointment only.

Business Website: https://dalucianostogo.com

Competition:

Specializing in gourmet Italian cuisine and fantastic thin-crust pizza. Authentic Italian dishes. Everything fresh and delicious. Plus, a vast array of gluten options. A pioneer/leader in gluten free Italian foods! Also, known for their attentive service and fast hot delivery.

Featured In Chicago Tribune, The Chicago Magazine, USA Today, The Hungry Hound and Check Please!

Growth and Expansion:

Ideal location. Local favorite. Great neighborhood place. Staple in the community. Area gem. THE place for Italian. And THE place for gluten free Italian. A must try. Best Italian and pizza around. Also, huge carryout/delivery and catering business.

Highly rated & recommended, great long-time reputation to continue to build upon!

For additional revenue can expand business hours to include lunch. Can also add gaming.

Location:

Prime retail space in a freestanding building with convenient shared municipal parking in the rear. At the intersection of Grand Avenue with over 22,000 vehicles per day and Thatcher Ave/N 1st Ave with over 31,000 vehicles per day. Adjacent Novelli’s Barber Salon, Sama Taproom & Kitchen, Visionman Optical and Starbucks. And across two busy plazas. Plus, walking distance to the Metra station.

Also, surrounded by a very dense residential area!

County: Cook

Facilities:

Property Information: One and part two-story commercial building. Built in 1963. On .07 lot. Plenty of free parking from the village. 2022 real estate taxes $52,000.

Square Feet: 6,080.

Seating: 180.

Real Estate: Leased.

Value of FF&E: Included In Asking Price (Valued at $150,000).

Seller Financing Available: No.

Reason for Selling: Other interests.

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