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Pizzeria & Italian Restaurant Desirable Elk Grove Village, IL - With Bar & Gaming!
Elk Grove Village, Illinois

Asking Price

$50,000

Office Listing #

LR EGV IL
Revenue $520,000 / year Lease Rent $6,500 / month
Cash Flow Contact For Info Square Feet 4,390
Direct Link www.restaurants-for-sale.com/27013

    

Serving freshly made thin & stuffed pizzas, along with old school pastas, delightful salads, darn good burgers, savory sandwiches, delicious dinners, classic sides, decadent desserts and more. Kids meals. Full bar with 12 drafts on tap. Private gaming area with 5 video gaming machines. Many flat screen TV’s to watch sporting events. Warm and inviting interior. Cozy atmosphere. Beautiful fireplace. Exposed brick and ceilings. Cool wood-plank paneled wall and bar. Turn-key. Dine in, take out and delivery, plus catering. Online ordering. Fully equipped kitchen includes two 10ft exhaust hoods, 6 pan revolving pizza oven, 6 burner stove with oven, 2 fryers, meat slicer, salamander, pasta cooker, dough sheeter & mixer, pizza & sandwich prep tables, walk-in cooler, two reach-in freezers, back bar cooler, POS system and more. No royalty, advertising or transfer fees. Part of a local chain, can keep the name and menu or re-brand. Asset sale - no financials. Location: Prime retail space in a one-of-a-kind freestanding building with it’s own parking lot on a major road surrounded by a vast commercial and residential area. Across from several baseball fields. Near the high school, movie theater, library, county club and many hotels. Also close to the largest industrial park in North America the largest concentration of manufacturers in the Midwest and the largest concentration of freight companies in the U.S. Over 3,600 businesses are located in this expanding 5.9-square-mile business park adjacent to the O'Hare International Airport employing nearly 100,000 persons. This very desirable Chicago northwest suburb is also home to Alexian Brothers Medical Center, plus a number of other well-known corporations including Apple Vacations, the American Academy of Pediatrics, Illinois Tool Works (ITW), ADP, CitiGroup, Symons, Pepsi Cola Distribution and many other large businesses and Fortune 500 companies. Plus, this sought after suburb was recently listed in a recently published book, “Fifty Fabulous Places to Raise Your Family” for its excellent parks and recreation, schools, access to transportation, housing stock, vibrant economy, low crime rate, exceptional community service and small-town atmosphere. Year Established: March 2017. Lease Information: Leased space $6,500/mth includes rent, CAM, insurance and taxes. Lease terms negotiable. Seating: 107 (65 Dining Room + 42 Bar Area) Proj Gross Income (2017): $520,000 (Current Average Weekly Sales $10,000) Value Of FF&E (Included in Asking Price): $100,000. Training: Two weeks comprehensive on-site training. Seller Financing: No. Competition/Market: Homemade Italian goodness. Great place and great people. A family-friendly, traditional Italian pizzeria and restaurant. Features a classic Italian menu of homemade fresh cuisine. The perfect place to celebrate or watch the game. Growth & Expansion: First restaurant established in 1950, currently 6 locations in the Chicagoland area. Highly confidential listing, please do not discuss with patrons or employees. Listed by Tom Traina at EatZ & Associates

  

General Information

Organization Other
Year Established 2017
Current Owners 2017
Employees Contact For Info
Operating Hours Daily 11a-11p
Reason For Sale Retiring
   

Facilities

Seating 107
Square Feet 4,390
Parking Lot
Licenses Liquor
   

Financials

Revenue $520,000 / year
Cash Flow Contact For Info
Payroll Contact For Info
Inventory Contact For Info
FF & E $100,000
 
 

Lease

Lease $6,500 / month  
Expiration Not Available  
Yearly Adjustment Not Available  
Option Not Available  
Deposit Not Available  
     

Financing

Down Payment Contact For Info  
All Cash Contact For Info  
Note Balance Contact For Info  
Term of Note Contact For Info  
 
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Listing Contact

Tom Traina
Eatz & Associates
phone: 888-971-3289
fax: 888-673-3045

www.eatz-associates.com

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