Premium Corner Spot Close To The Metra Station, Many Popular Restaurants & Bars + Surrounded By A Huge Population Of Residents
Palatine, IL
Asking Price: $59,000
Gross Sales: $(Asset Sale)
Net Operating Income: $(Asset Sale)
Monthly Rent: $2,740
Lease Expiration: Mth To Mth
Options: Mth To Mth
Year Established: 2012
Owner Operated: No
Seller Financing: No
Food Type: American, Any, Bakery/Cupcakes/Cakes, Beer & Wine, Bistro, Cafe, Candy Store, Coffee Shop, Cookies, Fruit, German, Greek/Mediterranean, Health Food/Vegan/Plant Based, Ice Cream/Frozen Yogurt/Gelato, Indian, Italian, Japanese, Juice Bar, Market, Pretzels, Sandwich Shop, Smoothies, Sushi/Poke, Wine Bar
Service Type: Fast Casual
Business Type: Independent
Sale Type: Asset Sale

Description:

A one-stop shop for premium ice cream, baked goods and coffee.

Dine-in and take-out, plus catering. The space is also available for parties, meetings, socials, gatherings, school fundraisers and more.

Spacious interior. Expansive windows. Two lounge areas. Corner stage for music. Room for more tables and chairs. Tons of outlets. Free Wi-Fi.

Kitchen has a 7ft vented hood (for steam only), 3ft refrigerated prep table, toaster oven, 2 soup warmers, hot dog steamer, self-contained small fryer, 2 door freezer, prep sink, 3-compartment sink and more. Plus, two 5ft ice cream coolers, malt machine, espresso machine, POS system, 60” plasma TV and camera system.

Asset sale - all furniture, fixtures and equipment (FF&E) included. Independent. Absentee owned. Keep the current concept or make it your own! Ideal spot for so much more!!

If you want to own your own business and be your own boss, this is the perfect opportunity for you!

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 employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

County: Cook
Location:

Prime retail space in the beautiful downtown area of Palatine, a sought-after northwest suburb! Perfectly situated on the ground floor of a newly constructed 4-story building with street level retail and luxury condos above. A premium corner spot with an outdoor patio space, close to Metra Station and surrounded by many popular restaurants and bars. Plus, ample parking.

Real Estate: Leased
Facilities:

Leased space $2,740/mth gross. Current lease is month to month. Square Feet: 1,500. Seating: 20 Inside & 12 Outside. Days/Hrs of Operation: Mo-Th 6:30a-4p, Fr 6:30a-8p, Sa 7a-8p, Su 9a-4p.

Number of Employees: 3
Support/Training: One week on-site comprehensive training.
Value of FF&E: Included In Asking Price (Valued at $20,000)
Value of Inventory: $3,000 (Not Included In Asking Price)
Competition:

Hershey’s premium ice cream. Plus, lots of toppings and specialty cone options. Also, fresh rolled ice cream made with the freshest fruits and ingredients. House made croissants, muffins, scones, bagels and more. Fresh brewed hot coffee. Super friendly and accommodating staff.

Highly rated and recommended. Rated 4.3 stars on Google, 4.0 Yelp, 4.0 TripAdvisor, 4.0 Facebook and more. Voted “Best Local Coffee Shop”!

Growth and Expansion:

Local favorite. Lots of regulars. A go-to spot in the downtown area. Best place for sweets and coffee in town. Perfect place for families, friends, students, co-workers and commuters.

Ideal location in the heart of downtown Palatine with a huge population of residents in the surrounding high & mid-rise condos, apartments, townhouses, row homes and homes all within walking distance!

Seller Financing Available: No
Reason For Selling: Moving away.