Under Contract

High-Volume Well-Established Restaurant/Pizzeria & Bar w/Gaming Algonquin, IL – Property Included!

3,545 SqFt Freestanding Building + 2nd Building On .399 Acre

Algonquin, IL

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Food Type: American, Bar/Pub/Tavern/Lounge, Liquor License, Pizza Place, Video Gaming

Service Type: Full Service

Business Type: Independent

Sale Type: Business With Property

Asking Price: $799,000

Gross Sales: $822,094

Net Operating Income: $120,288

Monthly Rent: $(Property Included)

Lease Expiration: (Property Included)

Lease Options: (Property Included)

Year Established: 1989

Owner Operated: No

Seller Financing: No

Summary:

Popular local tavern featuring award-winning thin, double-dough and deep-dish pizza. Along with full dinners, Italian pastas, broasted chicken, gourmet burgers, specialty sandwiches, fresh salads, homemade soups, tasty appetizers, mouth-watering desserts and more. Also, kids menu and Friday fish fry.

Full service. Dine-in or out, carryout and delivery, plus catering. Beer and liquor also available for carryout.

Full wrap-around bar with several beers on tap, large screen tv’s to watch all the games and 6 video gaming machines. 2022 gaming revenue $94,173.

Separate dining room. And separate carryout entrance. Screened-in deck with seating out front. And garage/storage in the rear. Second floor office.

Kitchen features a large hood, full kitchen line, double-deck pizza oven, walk-in cooler & freezer and more.

Established in 1936. Current owners since 1989. Relocated here in 2003.

Well established for over 87 years! Independent - no royalty, advertising or transfer fees. Full liquor license. Currently absentee owned and operated.

2021 sales were $822,094 and 2022 sales $631,920 due to being closed Jan and part of Feb due to a pipe break!

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:

Warm and welcoming interior. Casual atmosphere. Dedicated to quality, service, good food, fun and drink. Incredible specialty pizzas. All-around delicious food. Wonderful selection. Outstanding catering. Family friendly. Fast delivery. Great staff. Known for their cold beer, exceptional food and friendly service.

Historic name. Voted “Best Pizza” in the area. Amazing broasted chicken. Awesome fish fry. Fall-off-the-bone ribs. Homemade soups.

Rated 4.3 Google, 4.3 Facebook, TripAdvisor and more. Over 2,100 followers on Facebook!

Growth and Expansion:

Local favorite restaurant and tavern. Neighborhood gem. A staple in the community. A must try. Tons of regulars for generations. Popular place for karaoke Friday and Saturday nights. Perfect place to grab a quick drink and bite to eat with friends or to have dinner with the family. Also, a fantastic place to hit the jackpot!

Highly rated and recommended, great reputation to continue to build upon!

Location:

Prime retail space in a freestanding building with ample parking. Boasts great signage, visibility and access. Perfectly situated on a major thoroughfare with over 18,000 vehicles per day. Along with many other popular local businesses. Also surrounded by a vast residential area with over 140,000 residents within a 5-mile radius!

County: McHenry

Facilities:

Property Information: 3,545 sqft freestanding building built in 1980. Plus, a 2nd building on the property in the process of being rehabbed that could be converted to an apartment or retail for additional rental income. Parking for 50 vehicles. Monument sign. New roof and parking lot. On .399 Acre. Real estate taxes $18,500.

Square Feet: 3,545.

Seating: 100 (22+ Bar & 60 Dining Room & 16 Outside).

Days/Hrs of Operation: Mo-Th 4p-10:30p, Fr-Sa 11a-12m, Su 10a-10:30p.

Real Estate: Owned.

Value of FF&E: Included In Asking Price (Valued at $100,000).

Value of Inventory: 20,000 (Not Included In Asking Price).

Number of Employees: 10.

Support/Training: Two weeks on-site comprehensive training.

Seller Financing Available: No.

Reason for Selling: Retiring.

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