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Popular, Established Italian Restaurant
Location Illinois,United States
Asking Price Range $500K - $1.0M
Gross Revenues $511682
Net Profit / Cash Flow $122463
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1991
Number of Employees 10 - 19
Inventory $96200
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Owner will train the buyer for 4 weeks at no cost.
Reason for Sale Retirement
Description This listing is for the quintessential Italian fine-dining restaurant located in the affluent western Chicago suburbs that's available to a qualified buyer. This business is situated in an outstanding location directly near a train station and is a well-established business that has been a popular fixture in the community for over 20 years. They have an outstanding reputation for their outstanding food and ambiance garnering them with a very large base of regular customers with new ones daily. The restaurant seats 60 and features a full bar with a wonderful wine list. On the weekends, the bar is standing room only and a table is a difficult to come by. This business generates a yearly income for the owner (who is ready to retire) that's consistently over $100,000. Their menu consists of exquisite Italian favorites, steaks, seafood, and delicious house specialties served in a beautifully decorated, white-tablecloth, warm atmosphere. They also offer catering and banquet services as well that help drive their strong and consistent revenues. In addition, over $90,000 in assets are to be transferred with the sale of the business. If you would like more information about this outstanding restaurant, or if you would like to set up a site visit, please contact the agent either by phone (770-886-5100) or by email. Asking Price: $539,000
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