In A 171,179 SqFt Outdoor Lifestyle Center On A Main Retail Thoroughfare With Over 47,000 VPD
Chicago Northwest Suburb, IL
Asking Price: $195,000
Gross Sales: $1,015,152
Net Operating Income: $(Contact For)
Monthly Rent: $6,042
Lease Expiration: 11/2023
Options: One 5-Year Option
Year Established: 2019.
Owner Operated: No
Seller Financing: No
Food Type: Liquor License, Mexican/Tex-Mex
Service Type: Full Service
Business Type: Independent
Sale Type: Business For Sale

Description:

Offering finely-crafted and freshly prepared Mexican street food including amazing tacos, burritos, tortas and entrees, as well as incredible appetizers, salads, soups, sides and desserts.

Full service. Plus, a full bar featuring specialty margaritas that are made with all fresh ingredients. Dine-in, carryout and pick-up, plus catering packages. Online ordering also available.

Bright and colorful interior. Beautiful fenced-in patio.

Established over 3 years! Independent - no royalty, advertising or transfer fees. Currently absentee owned. 2022 sales up YTD, on track for $1.2 million this year!

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 for more information. Showings by appointment only.

County: Lake
Location:

Prime retail space in a 171,179 sqft outdoor lifestyle center on a main retail thoroughfare with over 47,000 vehicles per day. This strategically located shopping center features a mix of big-box and local retailers including Best Buy, and PetSmart. And this gem of a restaurant is in the middle of the center with excellent signage, visibility, access and parking.

Plus, there has been substantial commercial & residential growth surrounding this center in recent years with the additions of several other shopping centers, restaurants, condominium/townhome complexes and office buildings. All bringing scores of shoppers, movie goers, visitors, residents and employees to this growing retail corridor!

Perfectly situated in an affluent suburb located 29 miles northwest of Chicago. A major regional shopping destination in Lake and Cook counties. Home to fabulous living and shopping. A sought-after northwest suburb that has been named one of the top suburbs to live in IL!

Real Estate: Leased
Facilities:

Lease Information: Leased space $6,042/mth gross. Current lease expires Nov 2023 with one 5-year option. Square Feet: 2,315. Seating: 58 Inside & 26 Outside. Days/Hrs of Operation: Daily 11a-8p.

Number of Employees: 4 Full-Time & 9 Part-Time.
Support/Training: Two weeks on-site comprehensive training.
Value of FF&E: Included In Asking Price.
Value of Inventory: Not Included In Asking Price.
Competition:

Gourmet Mexican cuisine. Authentic flavors of Mexico’s famed street vendors. Creative and inventive menu. Fabulous mix of flavors and textures. Impressive taco selection. The real deal. Everything freshly prepared using locally sourced, top-quality, real ingredients. Homemade tortillas, soups, salsas, peppers and more. Fantastic unique flavors. Fun vibe. Wonderful outdoor seating. Fast and easy online ordering and delivery. Known for their outstanding food, drinks, staff and atmosphere.

Growth and Expansion:

Local favorite Mexican restaurant. Fresh and delicious. Area gem. Top pick. Best authentic Mexican food in the area-best chips, best guac, best tacos, best burritos, best quesadillas, best tamales, best desserts, best horchata, best margaritas… The “go-to” place for fresh Mexican. Tons of regulars. Conveniently located. Customers come from near and far!

Rated 4.8 Facebook, 4.5 OpenTable, 4.3 Google, 4.0 Yelp and more. Highly rated and recommended, great reputation to continue to build upon!

Seller Financing Available: No.
Reason For Selling: Wants to focus on other location.