Well Established Independent Diner NW Suburb – Downtown Across Metra!

McHenry County, IL

Seller Financing Available
Well Established Independent Diner NW Suburb – Downtown Across Metra!

Asking Price:$325,000

Cash Flow:$195,000

Gross Revenue:$543,602

EBITDA:N/A

FF&E:$75,000

Inventory:N/A

Rate/Sq. Ft.:$22.00

Established:1998

Well Established Independent Diner NW Suburb – Downtown Across Metra!

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Business Description

A classic American diner with hometown flare. Serving breakfast all day, plus lunch. And dinner during the week. Daily lunch specials. Also homemade soups made fresh daily. Children’s menu.

Cozy nostalgic interior. Booths and tables, as well as diner-style counter seating. Fully equipped open kitchen. Full basement for storage and some prep work.

Dine in and carry out. ATM on premises.

Well established with the same owners for 18 years!

Prime corner retail space in the vibrant, charming, historic downtown of this thriving northwest suburb. Lined with a wonderful array of shops and restaurants. Walking distance from the Metra station. Popular destination for visitors and locals alike. Many events, festivals and gatherings take place just outside its doors throughout the year.

Located 50 miles northwest of Chicago, just a short drive from O'Hare, near several major highways and interstates, plus the Union Pacific rail provides easy access to the loop. The largest city in McHenry county with a population of over 40,000. A modern-day city that still retains its small-town charm. A very good place to visit, dine, shop, play, live and enjoy all of its amenities which also includes a lake, golf course, recreation area, parks and wonderful schools.

Keep the current concept or make it your own in this idea location.

Highly confidential listing, please do not discuss with patrons or employees.

Listed by Tom Traina at EatZ & Associates

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
1,500
Lease Expiration:
10/31/2016
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased space - cheap $2,750/mth all in. Square Feet: 1,500. Seating: 65. Days/Hrs of Operation: Mo-Fr 5:30a-7:30p & Sa 5:30a-3p & Su 6a-2p.
Competition:
Good old fashion restaurant with a fun neighborhood atmosphere. Known for their delicious homemade food and quick friendly service. Best breakfast place in the area. Rave reviews.
Growth & Expansion:
Building from the late 1800’s. Hometown favorite with a loyal following. Locals go-to restaurant. Lots of regulars. Highly recommended. Family owned and operated for 18 years, great reputation to build upon!
Financing:
Possibly, to a well qualified buyer with $225,000 down.
Support & Training:
One week on-site comprehensive training.
Reason for Selling:
Personal medical reasons.

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Tom Traina

Business Listed By:
Tom Traina

EatZ & Associates

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