Tango 2

Naperville, IL (DuPage County) (Relocatable)

Street view of front of restaurant
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Asking Price: Get Financing: $300,000

Cash Flow: $25,000

Gross Revenue: $750,000

EBITDA: $25,000

FF&E: $130,000

Inventory: $5,000

Lease Rate: $33 /SF/Year

Established: 2003

Tango 2

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Business Description

Argentinian Steaks & Tapas restaurant located in the heart of downtown Naperville since 2003. Leased two story building (approximate 4,000 sf) with a second floor outdoor (alfresco) eating area. Owners (husband & wife) invested $1.0 million+ into converting this former warehouse space into an upscale restaurant, with an elevator serving the second floor. Owners full-time jobs no longer allow sufficient time to properly oversee this business. They have leased this space from the Beidleman family since 2003. The lease is year-to-year currently but a new longer-term lease can be put into place. There are two chefs, a manager and several part-time wait staff/busboys.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
12/31/2018
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two story building with seating on both floors. In addition, there is an outdoor patio on the second floor for alfresco dining. Elevator. Fully equipped kitchen. Liquor license. Full bar.
Competition:
Naperville is know for its many fine restaurants.
Growth & Expansion:
This restaurant requires more aggressive marketing.
Financing:
Lease can be extended
Support & Training:
Seller will train for first three months. The manager will stay in place if desired.
Reason for Selling:
Do not have time to manage due to full-time job.
Business Website:
http://www.mytango2.com
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Business Location


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Jack Dunholter

Business Listed By:
Jack Dunholter

Coldwell Banker Commercial NRT

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