High-Volume Longstanding Family Restaurant SW Suburb - $2M In Sales!

Cook County, IL

Seller Financing Available

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Asking Price:$2,500,000
Inventory:$20,000
Gross Revenue:$2,000,000
Established Year:1972
BUSINESS DESCRIPTION

Well Established Over 52 Years And Fully Remodeled In 2023

A popular family restaurant offering a variety of options from classic American cuisine to fantastic Mediterranean-inspired dishes. Well-loved for their amazing breakfast, lunch and dinner selections including omelets, skillets, crepes, waffles, pancakes, burgers, sandwiches, soups, salads, pasta, steaks and seafood. Plus, outstanding daily specials and a kid’s menu.

Full-service restaurant. Serving breakfast, Sunday brunch, lunch and dinner, also beer, wine and cocktails. Dine-in or carryout. And accepts reservations.

Well established over 52 years. And with the current owner for over 22 years. Independent - no royalty, advertising or transfer fees. Well trained experienced staff in place - turnkey!

Fully remodeled inside and out in 2023. Features a striking exterior and a warm and inviting interior with high ceilings, expansive windows, stunning stonework, gorgeous woodwork, ample seating, large wait station and fully-equipped professional kitchen.

Plus, a private gaming area with 6 video gaming machines, plus an ATM. Over $300,000 in gaming since July 2023!

The restaurant also features a large banquet hall perfect for private parties, special events, weddings, corporate meetings and community gatherings, providing an additional revenue stream.

Prime retail space in a freestanding building on a major thoroughfare just off a high traffic interchange adjacent a large industrial park. Boasts great signage, visibility, access and parking, plus high foot and vehicle counts.

Also, near the community’s park district which offers a wide variety of holiday celebrations, recreational programs, family activities, youth programs, fitness classes, sports leagues in its facilities, playgrounds, parks and sports complexes. Serves as a hub for leisure, fitness and community gatherings. And many residents head over to the restaurant before and after these outings!

Plus, close to shopping and surrounded by a vast residential area.

Feel free to stop by the location as a customer 1st. 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 outside of business hours.

Listed By Theo Theodosiadis at EatZ & Associates / EatZ Real Estate Group LLC


DETAILED INFORMATION
Location
Cook County, IL
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
5,809
Facilities
Established: 1972 (Current Owner 2002). Property Information: Single-story freestanding building built in 1972. On .563 acres or 24,533 sqft of land. Restaurant fully remodeled in 2023 including all new electric and new ventilation. Parking for 45 vehicles - pays $750/mth for the adjacent parking lot. 2023 real estate taxes $38,530. SqFt: 5,809. Seating: 196. Hrs: Daily 7a-11p. Owners Role: Host (semi-passive). Employees: 33-35. Value of FF&E: Included In Asking Price(Valued at $300,000). Value of Inventory: $20,000(Not Included In Asking Price).
Competition
Delicious comfort food. Everything fresh and delicious. And something for everyone. Fresh squeezed orange juice. Best breakfast on the southside. Homemade soups. Famous for their skirt steaks. Well known for its inviting atmosphere, quality home cooked meals and excellent friendly service. Also, featured on Chicago’s Best on WGN!
Growth & Expansion
Longtime local favorite. Beloved institution. Staple in the community. Top notch. Area gem. The neighborhood go-to spot for casual dining in a relaxed atmosphere. Best family restaurant in the surrounding area. Popular with both locals and visitors alike. Tons of regulars for generations! Highly rated and recommended, wonderful reputation to continue to build upon. And large social media following! Also, the opportunity to further increase sales by adding a website along with catering, online ordering, pick-up and 3rd party delivery.
Financing
Yes, to a well-qualified buyer with a minimum of 25% down.
Support & Training
Four weeks on-site comprehensive training.
Reason for Selling
Retiring.
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Ted
Theodosiadis
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Ted Theodosiadis