Asking Price:

$874,900

Gross Income:

$2,143,655

Cash Flow:

$246,811

FF&E:

$275,000.00 *

Inventory:

$30,000.00 **

Real Estate:

N/A

Year Established:

N/A

Employees:

N/A

Business Types:

Restaurants
Bars/Taverns

** not included in the asking price

* included in the asking price

Business Description

This is a full service restaurant with 3 dining rooms, a 10-seat
private VIP dining table, a full bar with 16 seats, an outdoor
patio area and a full service elevator. There is even enough
space to add an additional 70 seats in the lower level. The
restaurant currently offers dine in, carryout and delivery.

The menu consists of delicious high-quality Italian-American
cuisine. As soon as you walk in the front door you cannot
help but notice the attention to detail and elegant design of the
dining rooms and bar.

This restaurant is the "hot spot" for a variety of occasions in
the western suburbs and promotes family events, wedding
receptions, rehearsal dinners, and private events.

The business opened in 2009 and has received glowing
reviews from critics and customers alike. It doesn t take long
to find hundreds of customer testimonials on a variety of
online review sites, such as metromix.com, urbanspoon.com,
and more. Customers are in agreement that this restaurant
combines beautiful ambiance, elegance, warm service and
fantastic food.

The current owners have live music and events every week.
They keep the bar open late on Fridays and Saturdays to
cater to the weekend night-life. Customers choose from over
70 wines which are available by glass or bottle.
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Detailed Information

Facilities:

The previous owner spent approximately $2.4 million on the build out of the space, and it shows. Of that amount, they spent approximately $660,000 in equipment alone. The space consists of 3 beautiful dining rooms, a full bar with additional seating, and a private room for parties. And there is still more room in the lower level to add additional seating. There is also a fully appointed patio area for customers to dine outside when the weather is nice.

Growth/Expansion:

Promoting more catering and delivery service to private events. Expand Internet presence and online marketing. The restaurant is not open for lunch, so expanding the hours of operation by opening for lunch would clearly result in higher sales. This place already does great numbers. Imagine how high the sales will go if you open for lunch. Another important area of opportunity is the lower level. Currently, it s being used as a storage area however, it s partially finished and can easily be turned into an additional party room.

Financing:

Owner will consider financing a portion for qualified buyers.

Broker Information

Tony Gavros

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