For Sale

High-Volume Well-Established Restaurant w/Property Western Suburb of Chicago – Sales Over $2.6 Million!

Freestanding Building Near The Corner Of 2 Major Thoroughfares With High Traffic Counts Just Off A Busy Interchange

Western Suburb of Chicago, IL

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Food Type: Greek/Mediterranean, Liquor License

Service Type: Full Service

Business Type: Independent

Sale Type: Business With Property

Asking Price: $1,700,000

Gross Sales: $2,605,626

Net Operating Income: $290,931

Monthly Rent: $(Property Included)

Lease Expiration: (Property Included)

Lease Options: (Property Included)

Year Established: 1988

Owner Operated: Yes

Seller Financing: No

Summary:

Offering a delectable array of small plates perfectly matched with an extensive wine list and a specialty drink menu. In addition to daily specials and happy hour. And live music on the weekends.

A full-service restaurant. Open for lunch and dinner. Dine-in, carryout, curbside pickup and 3rd party delivery. Plus, party menus, platters and packages, as well as catering for special events. Reservations accepted. Also, for private and semi-private parties. Online ordering available including wine by the bottle. And gift cards.

An incredible one-of-a-kind exterior and interior. Warm and inviting. Inside features spectacular tilework, original artwork, a full bar and open dining rooms. Plus, a spectacular enclosed patio with heaters and new tables/chairs in addition to retractable walls and an $80,0000 retractable awning - customers can enjoy outdoor dining 8-9 months a year!

Established over 35 years. Independent - no royalty, advertising or transfer fees. Full-time manager in place!

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 ONLY for more information. Showings by appointment only outside of business hours.

Competition:

Amazing authentic recipes. Everything made with the freshest and finest ingredients cooked to perfection. All served in a vibrant colorful setting with a fun, casual yet sophisticated atmosphere. Known for their exquisite food and impeccable friendly service!

Also, an award-winning restaurant. Winner of Diners’ Choice. TripAdvisor certificate of excellence. And Zagat rated. Also, featured in Chicago Magazine, Food Industry News and more. A long-time top restaurant in the Chicagoland area!

Growth and Expansion:

Area favorite. Local mainstay. Neighborhood gem. A must try. Really special place. Beloved institution. Staple in the community. Tons of regulars. Loyal customers for generations!

Plus, huge social media following. What everyone is saying - awesome, charming, delectable, delicious, excellent, exceptional, fabulous, fantastic, incredible, outstanding, phenomenal, superb & more.

And highly rated & recommended. Rated 4.7 GrubHub, 4.6 Google, 4.6 OpenTable, 4.5 TripAdvisor, 4.4 Yelp, 4.3 Facebook & more. Great reputation to continue to build upon!

Location:

Prime retail space in a freestanding building that boasts great signage, visibility, access and ample parking. Near the corner of two major thoroughfares with high traffic counts just off a busy interchange. Adjacent to an industrial park. And surrounded by a dense commercial and residential area. Over 74,000 employees within 3-miles and over 375,000 residents within 5-miles with an average household income of $116,000.

Perfectly situated in a vibrant western suburb with lots of businesses, shopping, entertainment, restaurants, coffee shops, parks and trails.

County: Cook

Facilities:

Property Information: Approx. 4,500 sqft single-story freestanding building built in 1956. On .55 acres. Parking for 55 vehicles. Roof replaced in 2014. Patio added in 2017. Parking lot redone in 2019. Electrical updated in 2021. Real estate taxes ~$37,000.

Square Feet: 4,500.

Seating: 230 (20 Bar + 130 Inside + 80 Outside).

Days/Hrs of Operation: We-Th 4:30p-9:30p, Fr-Sa 11:30a-10p, Su 4:30p-9p (Closed Monday-Tuesday).

Real Estate: Owned.

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

Value of Inventory: $25,000 (Not Included In Asking Price).

Number of Employees: 35 (Long-Time Professional Staff).

Support/Training: Open to discuss.

Seller Financing Available: No.

Reason for Selling: Retiring.

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