A One-Of-A-Kind Historical Building With Great Visibility Along With A Commercial Building Leased Out To A Catering Company
Joliet, IL
Asking Price: $429,000
Gross Sales: $(Asset Sale)
Net Operating Income: $(Asset Sale)
Monthly Rent: $(Property Included)
Lease Expiration: (Property Included)
Options: (Property Included)
Year Established: 2003
Owner Operated: Yes
Seller Financing: No
Food Type: Any, Bakery, Banquet Facility, BBQ, Beer & Wine, Bistro, Breakfast & Lunch, Brunch, Buffet, Burgers, Butcher Shop, Cafe, Cajun, Catering Company, Chinese, Coffee Shop, Deli, Diner, Greek/Mediterranean, Grill, Indian, Italian, Japanese, Lounge, Market, Mexican/Tex-Mex, Pizza Place, Sandwich Shop, Seafood, Steakhouse, Sushi, Thai, Video Gaming, Wine Bar
Service Type: Full Service
Business Type: Independent
Sale Type: Asset Sale With Property

Description:

Recently a friendly neighborhood full-service restaurant offering contemporary American cuisine. Served delicious appetizers, soups, salads, sandwiches and entrees including steaks, chops, seafood and pastas.

Was open for lunch and dinner. Hosted wine tastings. Live acoustic music.

Full bar. Also private dining room, the perfect place to host communions, showers, birthdays, graduations, holidays, rehearsals, anniversaries, retirements, funerals, business meetings, golf outings and more. Plus, a full basement.

The restaurant is located in a one-of-a-kind historical building. Cozy yet elegant décor. Intimate and casual ambience. Beautiful stone wall. Large windows overlooking the street. Ample parking for 30 cars.

Asset sale with property - no financials. Locally family owned and operated. Well established restaurant location for over 17 years!

Keep the current concept or make it your own at this idea location! Great investment opportunity!!

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://truthrestaurant.com
County: Will
Location:

Prime corner retail space in a beautiful historic freestanding building with great visibility on highly trafficked W Jefferson St. Close to the Rialto Square Theater. Minutes from Harrah’s and Hollywood Joliet casino. Near the historical cathedral area. Surrounded by a vast residential and commercial area - close to many homes and businesses.

Real Estate: Owned
Facilities:

Includeds two parcels. Parcel 1 = 3,630 sqft restaurant on 14,397 sqft lot. Parcel 2 = 547 sqft commercial building on 5,159 sqft corner lot. Lot total: 20,096 sqft or .46 acre. 2nd parcel currently being leased out for $710/mth to a separate catering company (great source of extra income). Real estate taxes $11,197/yr. Square Feet: 3,630 Restaurant + 547 Commercial Rental = 4,177. Restaurant Seating: 105 (80 Main Dining Room + 25 Private Dining Room). Days/Hrs of Operation: Tu-Th 11:30a-2p & 5p-9p, Fr 11:30a-2p & 5p-10p, Sa 4p-10p .

Value of FF&E: Included In Asking Price
Competition:

Known for: “Where great food and people meet.” This place is synonymous with delicious food. Elegant dining in a relaxed atmosphere. Popular near and far for their delectable cuisine. Amazing cocktails. Salads made from organic, locally grown produce. Also, an excellent place to host a business function, family event or holiday party, as well as celebrate a special occasion. Always first class. Outstanding service.

Accolades: Best restaurant in Joliet. Best place in town. Best place south of Chicago. Best place around. Best place to have a hearty meal. Winner of 2018 Best of Will County Reader’s Choice for “The Best” in the fine dining Category.

A local landmark. The building was constructed in 1920 and formerly housed Clover Farm Stores, later to be known as Maichin Food Mart. Ideally situated among Joliet’s attractions, Rialto Square Theater, Chicagoland Speedway, the Old Joliet Prison, Harrah’s & Hollywood Casinos and more.

Growth and Expansion:

A Joliet favorite restaurant since 2003. Was one of the most sought-after restaurants in Joliet. Loyal customer base. Highly rated and recommended, great reputation to to build upon.

A real gem. Local hot spot. A diamond in the Joliet area. Neighborhood treasure.

Seller Financing Available: No
Reason For Selling: Looking to change careers.