Italian Restaurant in Wicker Park, IL

Cook County, IL

Italian Restaurant in Wicker Park, IL
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Asking Price: $225,000

Cash Flow: N/A

Gross Revenue: $980,000

EBITDA: N/A

FF&E: $40,000

Inventory: $12,000*

Established: 2018

*not included in asking price.

Italian Restaurant in Wicker Park, IL

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Business Description

Profitable Italian Restaurant

For sale a profitable Italian Restaurant in the heart of Wicker Park, IL. Restaurant has been open since March but already built a very strong clientele. Restaurant offers a lot of house made products and unique imported products from Italy. It's a turn key business in growing neighborhood. Don't miss the chance to jump in before it comes bigger and more expensive to buy. It's a great opportunity for someone who has little or no experience in restaurant business but always dreamed to own one. And there's even more by buying this restaurant (main floor restaurant about 1100SF total and basement about 1200SF for prep and storage), because you are getting an extra income by leasing the whole building with 2 apartments upstairs and they are occupied already generating extra $$$ and because of this you have a lower property tax because its a mix of commercial and residential. Also financing is available to the right candidate with little to no down payment with good credit and clean background. We will assist with transferring all permits and other documents.

PLEASE NOTE - You are not allowed to go inside and talk with personal about this deal.
Thank you

Detailed Information

Location:
Cook County, IL
Inventory:
Not included in asking price
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant for sale as is. Everything inside is included.
Competition:
Division St in Wicker Park is always booming. A lot of different restaurants and bars, a lot of foot traffic. It's always about location and this is a perfect one
Growth & Expansion:
Interesting concept of focusing on Sicilian kitchen with a lot of products been imported.
Financing:
Can be 100% financed to the right person
Support & Training:
2 week support on training + help with licencing and transferring accounts
Reason for Selling:
Not enough time to manage all projects that owner has
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Business Listed By:
Terry muran

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