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Full Service Restaurant/Bar & Banquet Hall + Catering Kitchen w/Property - Near Rosemont!
Schiller Park, Illinois

Asking Price

$1,528,000
Real Estate Included

Office Listing #

HG SP IL
Revenue Contact For Info Lease Rent Contact For Info
Cash Flow Contact For Info Square Feet 14,284
Direct Link www.restaurants-for-sale.com/27498

    

Rare opportunity to own a fully equipped 14,284 sqft restaurant/bar & banquet facility + catering kitchen in pristine condition. Also has a gaming license and several gaming machines in the restaurant/bar. Located just minutes from Rosemont, a major entertainment hub hosting an average 75,000 visitors a day. For decades this successful business has been the spot for airline and corporate functions, holiday parties, bridal/baby showers, weddings, baptisms, cotillions, anniversaries, plus cruise nights, dancing and more. Also the caterer for corporate events, meetings, socials, picnics, graduation parties and much more. As well as a great neighborhood place that attracts lots of locals. In addition to delivering to many businesses, hotels and residences both near and far. Restaurant/Bar: - 4,002 SqFt - Fully Equipped - Large Skylights - Open View Kitchen - Horseshoe Bar - Seating For 100 In Restaurant/Bar + 30 On Enclosed Patio - Video Gaming Machines Banquet Hall: - 5,200 SqFt - Has Its Own Entrance - Seating For 350 In The Banquet Facility - 2 Bars - DJ Booth - Dance Floor - Large Stage - Lighting System - Sound System - Brides/Performers Room - Coat Check Large Catering Kitchen: - 5,082 SqFt - Fully Equipped - Large Hood System & Cooking Line - 3 Walk-In Coolers - 1 Walk-In Freezer - Office For Kitchen Manager With Glass Window - Kitchen Set Up Between The Restaurant & Banquet Hall! - Entrances From Both The Restaurant & Banquet Hall To The Kitchen - Large Professional Commercial Kitchen can support the restaurant, banquets, catering & delivery simultaneously! Property includes a 14,284 sqft single-story masonry & brick building which houses the restaurant/bar, banquet hall & catering kitchen. Situated on approximately .81 acres with ample parking (61 parking spaces + street parking + Metra parking lot across the street). 2016 real estate taxes $79,152. Asking $1.28M for all: property, building, FF&E and business. PRICED UNDER APPRAISED VALUE! Appraised Value For Property & Building in 2013 = $1,570,000 (NOT including furniture, fixtures and equipment!) Land to building ratio = 2.47 to 1. Zoned I-1 Industrial District. Location: Prime retail space surrounded by small industrial, commercial, other retail and residential. Perfectly situated across from the Metra Station. Just minutes from Donald E. Stephens Convention Center, Allstate Arena, Rosemont Theatre, Rosemont Entertainment District, MB Financial Park, the Fashion Outlets of Chicago and a wide variety of hotels. Serving the areas of O’Hare, Rosemont, Des Plaines, Franklin Park, Schiller Park, Niles, Elmhurst, Park Ridge, Norridge, NW Chicago, Melrose Park, Maywood Park, Evanston, Elmwood Park, Oak Park and many more. Year Established: 1992 (Same Owners For 25+ Years). Property: .81 Acre (35,194 SqFt). Seating : 100 Restaurant + 30 Patio + 350 Banquet Hall = 480. Days/Hrs of Operation: Mo 10a-3p & Tu-Fr 10a-9p , Sa 12n-9p (Closed Sundays). Seller Financing: No. Competition/Market: There is no other place like it. This place has great history. Located in an affluent and densely populated western suburb of Chicago. Total population within 3 miles = 134,462 and within 5 miles = 481,596. This suburb, as well as the surrounding suburbs have created a thriving mecca of tourism, entertainment, convention and trade-show business, attracting visitors from around the world. This restaurant/bar/banquet hall is conveniently located just 5 minutes from O’Hare Airport and 20 minutes from downtown Chicago. Growth & Expansion: Well-established with the same owners for over 25 years. Local favorite. Lots of regulars and repeat customers for generations. New ownership can capture an even larger amount of additional banquet/catering volume because of its proximity to the convention centers, trade shows, O'Hare Airport, MB Financial Park and much more! This is an asset sale (no restaurant financials). Family owned and operated. Keep the current concept or make it your own! Highly confidential listing, please do not discuss with employees or patrons. Listed by Tom Traina at EatZ & Associates / American Realty Network Inc

  

General Information

Organization Sole Proprietorship
Year Established 1992
Current Owners 1992
Employees 25
Operating Hours Mo 10a-3p & Tu-Fr 10a-9p , Sa 12n-9p
Reason For Sale Retiring.
   

Facilities

Seating 480
Square Feet 14,284
Parking Lot, street, etc
Licenses Liquor
   

Financials

Revenue Contact For Info
Cash Flow Contact For Info
Payroll Contact For Info
Inventory Contact For Info
FF & E Contact For Info
 
 

Lease

Lease Contact For Info  
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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