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Well Established Pizzeria & Italian Restaurant Chicago Northside - Old Irving Park!
Chicago, Illinois

Asking Price

$100,000

Office Listing #

LR COI IL
Revenue $650,000 / year Lease Rent $6,500 / month
Cash Flow Contact For Info Square Feet 4,000
Direct Link www.restaurants-for-sale.com/27157

    

Serving freshly made thin & stuffed pizzas, along with pastas, salads, burgers, sandwiches, dinners, sides, desserts and more. Kids meals. Full service. Liquor license. Warm and inviting interior. Cozy atmosphere. Flat screen TVís to watch sporting events. Turn-key. Dine in, take out and delivery, plus catering. Online ordering. Fully equipped kitchen includes 15ft exhaust hood, Faulds revolving pizza oven, 6 burner stove with oven, dough roller & mixer, pizza prep table, walk- in cooler, back bar cooler, POS system and much more. Asset sale - no financials. Also no royalty, advertising or transfer fees. Part of a local chain, can keep the name and menu or re-brand. Location: Prime retail space in a freestanding building with itís own parking lot on a major road. Surrounded by a large commercial and residential area. Perfectly situated in Old Irving Park, a wonderful neighborhood within Chicagoís Irving Park community. Itís the best of both worlds - the conveniences of the city combined with the charm of the suburbs. A great urban setting, just 10 minutes from downtown and OíHare airport. Boasts a strong, tight-knit community of neighbors that love their pizza and Italian food! Year Established: 1997 (Current Owners 2013). Lease Information: Leased space $6,500/mth includes rent, CAM, insurance and taxes. Lease terms negotiable. Gross Income: $650,000 (Current Avg Weekly Sales $12,000-$13,000). Value Of FF&E (Included in Asking Price): $100,000. Training: Two weeks comprehensive on-site training. Seller Financing: No. Competition/Market: A family-friendly, traditional Italian pizzeria and restaurant. Features a classic Italian menu. Great place to have lunch or dinner with family and friends or to watch the game. Growth & Expansion: Perfect neighborhood spot. 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 1997
Current Owners 2013
Employees Contact For Info
Operating Hours Su-Th 11a-11p & Fr-Sa 11a-12m
Reason For Sale Retiring
   

Facilities

Seating Ample
Square Feet 4,000
Parking Lot
Licenses Liquor
   

Financials

Revenue $650,000 / 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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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Restaurants For Sale Online, LLC has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness. Read the disclaimer before responding to any ad.

 
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