High-Volume Longstanding Restaurant & Attached Bar w/Gaming + Property

Cook County, IL
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Asking Price:$1,300,000
Gross Revenue:$1,062,901
Real Estate:$1,100,000
Cash Flow:$218,122
Inventory:$15,000
Established Year:1977
BUSINESS DESCRIPTION

Incredible opportunity to purchase a full-service restaurant with an attached newly built-out bar with gaming next door.

Restaurant - Warm and inviting updated interior. Features striking stone walls, gorgeous woodwork, beautiful lighting, expansive windows, fabulous tile work, plus a large wait station, ample seating and a fully equipped kitchen. Dine-in, takeout and 3rd party delivery. Serving breakfast, lunch and dinner. Offers a delicious menu of classic American dishes and Greek specialties including appetizers, salads, sandwiches, steaks, seafood, desserts and more.

Bar - Newly built-out attached lounge with a cool modern vibe. Features exposed ceilings & ductwork, striking stone walls, awesome murals, industrial lighting, fabulous tile work, plus a well-stocked bar, tvs to watch all the games and seating for 24 (room for more). And a 4a liquor license! Offers a wide selection of beers, wines and specialty cocktails. Also, a gaming area with 6 video gaming machines plus ATM. 2023 gaming revenue (location’s take) $185,000!

Well established over 47 years with the same owners. Independent - no royalty, advertising or transfer fees. Family owned and operated. Turnkey - well-trained knowledgeable staff in place!

Prime retail space in a freestanding building adjacent a busy strip center on a major thoroughfare with high traffic counts. Also, across another busy strip center and a large industrial park. Boasts great signage, visibility, access and parking.

Perfectly situated in a vibrant area conveniently located near residential neighborhoods and businesses, ensuring steady foot and vehicle traffic, as well as repeat customers.

Located in a desirable southwest suburb, a dynamic village home to various businesses, including retail, manufacturing & service industries, a wide range of shopping centers, restaurants & local businesses and many parks, recreational facilities & golf courses, plus a strong sense of community.

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 Ted Aretos 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
9,534
Employees
19
Facilities
Property Included in the asking price! A 9,534 sqft freestanding building built in 1965. On .61 acres. New roof just installed one year ago. The building also includes a 4,500 sqft nail salon & spa next door that pays $4,500/mth in rent. Real estate taxes approx. $80,000 a year. Square Feet: 5,000. Square Feet: 9,534 Building (Restaurant & Bar 5,000 SqFt + Tenant 4,500 SqFt). Days/Hrs of Operation: Restaurant 6a-8p Daily & Bar 3p-4a Daily. Owners Role: Owner operated - working owner. # Of Employees: 19 (9 Restaurant &10 Bar).
Competition
A popular spot known for its quality food and friendly service. Everything made in-house from scratch. Homemade soups, dressings and more. The perfect blend of amazing American and Greek cuisine! Restaurant has a cozy and comfortable dining area with a relaxed ambiance. Bar has a moody modern feel, an ideal spot to enjoy drinks, socialize and hit the jackpot.
Growth & Expansion
Long time local favorite. The go-to neighborhood place. Area gem. Well-known name. A well-regarded establishment. Staple in the community. Beloved dining destination. A wonderful tradition. The best family restaurant in town. And now the new favorite bar. Loyal customer base. Customers come from near and far. Tons of regulars for generations! Rated 4.7 Google, 4.7 Facebook, 4.4 GrubHub, 4.2 Yelp and more. Highly rated and recommended, remarkable reputation to continue to build upon for another 50 years! Also, a great investment!
Financing
No.
Support & Training
Negotiable on-site comprehensive training.
Reason for Selling
Retiring.
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Ted
Aretos
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Ted Aretos