Listings

Summary:

Exceptional opportunity to acquire a recently renovated, fully equipped and operating restaurant and bar strategically located in one of the strongest retail trade areas in the far northwest suburbs.

This is an asset sale, making it especially attractive for an experienced owner -operator/restaurateur/multi-unit groups/gaming operators looking to expand, franchisee seeking a 2nd-generation location or entrepreneur wanting to introduce an entirely new concept.

The existing Italian restaurant, pizzeria and bar concept can potentially be continued or the versatile buildout could be converted to a variety of restaurant uses including any full-service restaurant, bar & grill, sports bar or converted to a fast-casual, QSR, franchise, delivery/carryout-focused operation or other compatible food and beverage concepts.

One of the property's strongest selling points is its 2025 renovation, offering a buyer the opportunity to step into a finished, permitted and operational restaurant at a fraction of the time and investment typically required to develop a comparable location from the ground up.

Rather than taking on the expense, uncertainty and lengthy timeline associated with designing, permitting and constructing a restaurant from an empty shell, a buyer can acquire an established restaurant space with the major infrastructure, kitchen equipment, dining room, bar, furnishings and operating systems already in place.

The restaurant features a dining room with a combination of booths and tables, a full bar with bar seating and multiple flat-screen televisions, plus a dedicated gaming area.
And the sale includes an extensive restaurant equipment package capable of supporting significant food production.

A particularly valuable feature is the existing pizza production infrastructure, including a double-stack Middleby Marshall conveyor pizza oven, dough mixer, double-pass dough sheeter and 3-door refrigerated pizza prep table. The cooking line also includes a 6-burner range w/oven, 2-burner gas stove, flat-top grill and 2 fryers, along with extensive stainless-steel prep tables. Refrigeration/freezer capacity includes a walk-in cooler, 2-door reach-in freezer, chest freezer and more. A Toast POS system and camera/security system further complement the operating package.

Another major advantage is the ability to operate not only as a restaurant but also as a bar and gaming establishment. The current premises are licensed for on-premise liquor service and have live video gaming operating in a dedicated front-of-house area.

This is a HIGHLY confidential listing. If interested, please complete the short Contact Form on the right or email Pat Mahoney at Pat@eatz-associates.com or call 847-208-9569 for more information. Showings by appointment only outside of business hours.

Competition:

Competitive Advantages:
- Turnkey
- Recently renovated
- Full Bar
- Video gaming
- Fully equipped commercial kitchen
- Outstanding location
- Sought-after far northwest suburb
- Affluent & highly desirable trade area
- Built-in daytime traffic generators
- Attractive lease
- Compelling value proposition
- Ideal for multiple concepts

The expensive pieces are already here: bar, dining room, furniture, commercial kitchen, pizza equipment, hood, walk-in cooler, POS and restaurant infrastructure.

At an asking price of just $75,000, this opportunity should appeal to buyers who understand the cost of opening a restaurant today.

Rather than investing substantial capital and months of time designing, building, equipping and permitting a restaurant from scratch, a qualified buyer can acquire a recently renovated, equipped, operating restaurant with full bar and gaming capability in an affluent far northwest suburban Chicago market for a fraction of replacement cost.

Growth and Expansion:

Location, location location!!!

Location:

Prime retail space in an established strip center with great signage, high visibility, easy access, ample parking and complementary tenants.

Perfectly situated along a heavily traveled thoroughfare with over 20,000 vehicles per day with convenient access from surrounding communities throughout McHenry/ Kane counties. And just off one of THE premier retail corridors in Chicago's far northwest suburbs benefiting from one of the region's strongest concentrations of shopping, dining, healthcare and commercial activity as well as an affluent, established residential population that surrounds it.

This nearby regional retail corridor contains more than 3 million square feet of retail space and maintains a commercial vacancy rate below 5%. A premier shopping, dining and entertainment destination with traffic approaching 50,000 vehicles per day.

Also, just minutes from one of the area's dominant lifestyle shopping destinations, a 548,000+ sqft dual-grocery-anchored regional center featuring Trader Joe's, The Fresh Market, Nordstrom Rack, Dick's Sporting Goods and numerous additional national retailers and restaurants. That center alone serves a primary trade area of more than 390,000 residents, demonstrating the considerable regional draw surrounding this restaurant location.

Plus, the immediate corridor benefits from a very strong mix of national retailers, grocery stores, restaurants, entertainment, service businesses, healthcare facilities and corporate employment that generate traffic throughout the day, evenings and weekends. Other nearby retail giants include Costco, Home Depot, Jewel-Osco, Kohl's, Lowe's, Meijer, Target, Walmart and numerous other national brands.

And the surrounding market offers demographics particularly well suited to restaurant operations. The restaurant's immediate postal trade area contains approximately 31,959 residents and 11,639 households, with a reported median household income of approximately $132,949 and an avg household income approaching $149,000.

The broader regional retail corridor draws from nearly 400,000 residents, with avg household incomes exceeding $126,000 throughout the trade area.

This combination of substantial retail traffic and a large regional customer base with strong household incomes, established owner-occupied neighborhoods and families, provides an attractive foundation for dine-in, carryout, delivery, catering and bar-focused restaurant concepts.

County: McHenry

Facilities:

Lease Information: Leased space - cheap $4,160/mth gross. Current lease expires Jun 2028 with two 3-year options.

Square Feet: 2,941.

Seating: 85 Inside.

Days/Hrs of Operation: Tu-Th 4p-9p, Fr-Sa 4p-10p, Su 4p-9p (Closed Mondays).

Owners Role: Family owned and operated (active day-to-day).

Real Estate: Leased.

Value of FF&E: Included In Asking Price.

Value of Inventory: Not Included In Asking Price.

Number of Employees: 3-4.

Support/Training: Negotiable on-site comprehensive training.

Seller Financing Available: No.

Reason for Selling: Focusing on family.