High Volume Well-Established Steakhouse DuPage County-Sales Over 1 MM!

DuPage County, IL

High Volume Well-Established Steakhouse DuPage County-Sales Over 1 MM!
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Asking Price: $199,000

Cash Flow: N/A

Gross Revenue: $1,041,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $8,150 /Month

Established: 1994

High Volume Well-Established Steakhouse DuPage County-Sales Over 1 MM!

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Business Description

An unpretentious neighborhood steakhouse offering customers excellent food in a relaxed family friendly atmosphere. Featuring 100% Black Angus, wet aged and hand carved in house steaks. Each steak is cooked to perfection on their well-seasoned 800-degree char broiler and served with their famous homemade aú jus. Known for striking the right balance of charred flavor outside and proper degree of doneness inside.

Also offers a wide variety of chef inspired dishes and seasonal specialties. Appetizers, soups and salad dressings are made in house using only the freshest and finest ingredients.

Boasts gross sales over $1 million with their outstanding food, fine wines, classic cocktails and strong employees that continually impress customers with their service.

Well established for 24 years!

Current ownership has other business interests making way for a new owner with new ideas.

This location is perfect for a chef/owner. Current chef is making $120,000 annually and can either be replaced by another experienced Chef/Owner or another employee at a lower rate.

Prime retail space in a thriving neighborhood plaza with an eclectic mix of 25 wonderful restaurants, retailers and services. Other popular tenants include a family owned local grocer, an historic pharmacy and a local favorite wine store. Ample parking. Surrounded by a vast affluent residential and commercial area. Just a mile outside of its famed downtown.

Perfectly situated the 5th largest city in IL with a population of over 145,000. Located just 30 minutes from Chicago, an affluent western suburb named the wealthiest city in the Midwest & 11th in the nation, voted the 2nd best place to live in the U.S. by Money Magazine, ranked among the nation's safest cities by USA Today, rated 1st on the list of best cities for early retirement and recently chosen as the most desirable place to live according to an NBC 5 Chicago Poll.

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

Listed By Ted Aretos at EatZ & Associates

Detailed Information

Location:
DuPage County, IL
Real Estate:
Leased
Building SF:
2,700
Lease Expiration:
12/4/2020
Employees:
25
Facilities:
Leased space $8,150/mth gross. Current lease expires Dec 2020 with one 5-year option. Square Feet: 2,700. Seating: 90. Days/Hrs of Operation: Su-Th 11a-9p & Fr-Sa 11a-10p. Value of FF&E: Included In Asking Price.
Competition:
Ideal location nestled in the middle of a thriving upscale retail center in the downtown area of an affluent western suburb. Some competition, however this restaurant has generations of loyal regular customers. Has separated itself from the classic steakhouse by offering a relaxed casual atmosphere with amazing food. Has the great vibe of a Wisconsin supper club! One of the top steakhouse restaurants in the Chicago Area. One of the best dining experiences in the western suburbs. Voted Best of Naperville. Also featured on Chicago’s Best and in the Daily Herald.
Growth & Expansion:
A real gem. The local favorite steakhouse. The “go-to” place in the area. Highly rated and recommended for over 24 years. Great reputation to continue to build upon. Business could further be expanded with continued consistency/excellent execution along with exciting new specials, fresh energy and more novel ideas. Can also easily capitalize off of their large social media following, plus add other organic forms of advertisin
Financing:
No
Support & Training:
Two weeks on-site comprehensive training.
Reason for Selling:
Focusing on other ventures.
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Ted Aretos

Business Listed By:
Ted Aretos

EatZ & Associates

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Sponsoring Broker:
Tom Traina

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