This opportunity to purchase a successful restaurant business along with its prime real estate is truly exceptional. Here's a breakdown of what makes it a great investment: *** Established Brand Reputation *** 45+ Years in Business: The restaurant has been operating successfully for over 45 years, earning a reputation for great food and a loyal customer base. *** Turnkey Operation *** Fully Equipped: The sale includes all FFE (Furniture, trade fixtures, equipment), inventory, recipes, and the established brand name. Immediate Profit: With its existing operations, the restaurant is already generating profit. *** Growth Potential *** Expand Hours: Currently, the restaurant is closed on Mondays and closes at 9:00 pm during the week, 11:00 pm on Friday and Saturday, and 8:00 pm on Sundays. There's potential to extend these hours. 3 pm Liquor License: The liquor license allows sales from 3 pm onwards, offering potential for increased revenue. Gaming Machines: The new owner can implement gaming machines to generate additional income, as they are permitted. Bar area: Live entertainment, huge open bar with seating for 30 and stage area. *** Real Estate *** Prime Location: The property spans approximately 2 acres. Large Space: The restaurant itself is 13,000 square feet with seating for 350 patrons. Private Dining: It includes a separate dining room for private parties. Ample Parking: With 172 parking spaces, parking is never an issue. *** Summary *** This is an outstanding opportunity to acquire a successful and profitable restaurant business along with its prime real estate. With a long-standing reputation, existing loyal customer base, and numerous growth opportunities, this turnkey operation is well-maintained and ready for a new owner to continue its success.
MLS# | 12130584 |
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Listing Type | For Sale |
Style | Commercial |
Sub-Type | Resale |
Status | Active |
Days On Site | 192 |
Listing Provided By | Fulton Grace Realty | Vickie Soupos |
SQ Feet | 13,000 |
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Story(s) | 1 |
Zoning | COMMR |
Acreage | 116305.00 |
State | IL |
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County | Lake |
City | Mundelein |
Zip Code | 60060 |
Area | Ivanhoe | Mundelein |
Listing VS Median (in 60060) | |
Price: $3,000,000 low | high Med: $415,000 SqFt: 13,000 low | high Med: 1,920 $ / SqFt: $231 low | high Med: $216 On Site: 192 low | high Med: 32.000000 |