Near Naperville, Wheaton, & Glen Ellyn (DuPage County)
Sale includes: The Entire Business, all Equipment & all Fixtures.
Note: The owners of the business also own the property and are willing to consider selling the property along with the business.
This is a BEAUTIFUL full service restaurant with a full liquor license, 2 bars, a veranda, a covered patio with 24 seats, multiple dining areas, and a lounge area. The restaurant space consists of approximately 4,200 sq ft upstairs & approximately 4,500 sq ft downstairs. There are 2 beautiful bars (one upstairs and one downstairs). The downstairs dining area and bar are perfect for private parties and can accommodate up to 90 people. There is an adjacent available storage space that can be rented in order to expand the private dining area to accommodate an additional 50 or more seats.
The restaurant is currently being managed completely absentee. The owners have another business and have no involvement in the day to day operations. They recently had a general manager (paid $75,000 per year) running the business for them along with an executive chef. This restaurant has enough space & parking to do 4 to 5 million per year in gross sales, plenty of room for growth. The pictures of the property do not do it justice. You really have to visit this restaurant in person to see just how beautiful it is. This is a fantastic opportunity for an owner/operator.
You will not find a better restaurant opportunity on the market in this price range.
Note: Pictures of the business can be emailed upon request. Also, a copy of the menu is available upon request.
Asking price: $297,500.00 plus inventory
Gross annual sales (approximately): $1,434,893.58 (2009)
Cash flow or net (approximately): $103,183.44 (as stated by owner)
Value of furniture, fixtures & equipment (approximately): $190,000.00
Value of inventory (approximately): $50,000.00 (not included in asking price)
Seating (approximately): +/- 168 seats inside & +/- 24 seats outside
Lease details (approximately): Gross building area is +/- 8700 sq.ft., Base Rent, C.A.M. charges & Real Estate Taxes = $10,580/month. The business owners also own th ebuilding so anual increase & lease term & options are negotiable. Plenty of parking.
Seller Financing: Sellers will consider holding a small note for a qualifed & experienced buyer/operator.
Contact: Dennis, firstname.lastname@example.org or 312-360-1955