Listings

Summary:

Exceptional opportunity to bypass the time, expense and uncertainty of building a restaurant from the ground up!

This 3,432 sqft 2nd-generation restaurant & bar in an affluent far northwest suburb of Chicago offers a newer, extensively improved build-out, fully equipped commercial kitchen, full bar, spacious dining room and outdoor patio - all ready to be transformed into your concept.

This is strictly an asset sale. The existing restaurant names, concepts, recipes, website and intellectual property are NOT included. A buyer must rebrand and operate under its own concept, subject to landlord and governmental approvals. That makes this an ideal opportunity for an experienced restaurant operator, emerging brand or established concept looking for a substantially faster and more cost-effective path to opening another location.

Newer Build-Out – A Major Head Start

The restaurant underwent a substantial build-out in 2023. Instead of starting with a vacant shell and spending months designing, permitting, constructing and equipping a restaurant, a new operator can take advantage of major restaurant infrastructure already in place.

Fully Equipped Commercial Kitchen

A tremendous amount of restaurant equipment is included, giving a new operator flexibility to accommodate numerous foodservice concepts.

Major equipment includes a 12 ft hood, double-stack conveyor pizza oven, 3 deep fryers, charbroiler, 2 stacked convection ovens, 2 holding/warming cabinets, 60-qrt dough mixer and steam table. Refrigeration includes upright cooler/freezer equipment, multiple refrigerated sandwich & pizza prep tables, chef-base refrigeration, additional front-counter refrigeration and a walk-in cooler & freezer. Stainless prep tables, shelving, 3-compartment pot & pan sink and extensive smallwares are also included.

That versatility makes the facility adaptable to a wide variety of concepts - pizza, burgers, sandwich, wings, barbecue, Mexican, Mediterranean, Asian, gastropub, sports bar, family restaurant, brewpub-style restaurant or another chef-driven concept, subject to landlord approval and applicable licensing.

Full Bar Already Built

Another major advantage is the existing full bar infrastructure, eliminating one of the most expensive components of many restaurant conversions.

The bar features 2 keg coolers supporting a total of 10 draft taps, liquor rails, beverage refrigeration, wine refrigeration and an ice bin, along with 4 dual-flavor frozen beverage/slush machines.

Fenced-In Outdoor Patio

Outdoor dining is already incorporated into the operation with an enclosed patio accommodating ~32 guests. Patio furnishings include 12 picnic-style benches and umbrellas.

This gives a new operator additional seasonal capacity without having to create an outdoor dining area from scratch and provides another attractive revenue opportunity during Chicagoland's warmer months.

This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. 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:

This offering represents a significant value compared with starting from scratch. The equipment package alone has an estimated new replacement cost of ~$276,000–$404,000.

Your chance to step into an existing restaurant environment with the expensive infrastructure already completed - hood, grease trap, walk-ins, plumbing, restrooms, finished dining room, bar and patio. All the FF&E needed to support a broad range of concepts!

Growth and Expansion:

A buyer can capitalize on a newer restaurant/bar infrastructure in an established high-income suburban trade area to introduce their concept specifically tailored to the surrounding market.

Potential growth opportunities include delivery, online ordering, catering, expanded bar sales, private events, family dining, sports viewing, late-evening business and seasonal patio programming. There is also the opportunity to add video gaming.

Location:

Prime corner retail space in a newer neighborhood retail center with ample parking along a major E-W commercial corridor, immediately east of a heavily traveled N-S arterial.

This intersection boasts over 40,000 vehicles per day and provides access to a broader customer base extending well beyond the immediate community into several surrounding northwest and western suburbs.

The center sits within an established retail node surrounded by restaurants, shopping, service businesses and dense residential neighborhoods.

And is ideally positioned in a strong affluent far northwest suburb with a population of 40,718 and median household income of $133,240.

County: DuPage

Facilities:

Lease Information: Leased space $8,996/mth gross. Current lease expires Nov 2027 with three 5-year options.

Square Feet: 3,432.

Seating: 100 Inside & 32 Outside.

Days/Hrs of Operation: Daily 11a-9p.

Owners Role: Absentee owned and operated - general manager in place.

Real Estate: Leased.

Value of FF&E: Included In Asking Price (Valued At $171,000).

Value of Inventory: $14,000 (Not Included In Asking Price).

Number of Employees: 14.

Support/Training: (Asset Sale)

Seller Financing Available: No.

Reason for Selling: Focus on other locations.