For Sale
$2,599,000

Address Not Disclosed Arlington Heights, IL 60004

Established Italian eatery & banquet hall, high cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional opportunity presents the chance to acquire a thriving Italian restaurant and banquet facility in Arlington Heights, Illinois. Located at an undisclosed address in Cook County, zip code 60004, this 4,116 square foot establishment boasts impressive financials. 2023 sales reached $1.7 million, generating a substantial six-figure owner compensation package, easily supporting the $2,599,000 asking price. The business is SBA pre-approved, making financing more accessible. The sale includes all furniture, fixtures, and equipment (FF&E) of a full-service operation, a brand new banquet facility, and all intellectual property, including the name and recipes. Rent is exceptionally low at $6,100 for the restaurant and $4,800 for the banquet hall, with a lease currently in its fourth year, featuring two five-year options. The operation is described as "tight," currently run with daily owner presence, though absentee ownership is feasible. A full staff and management team are in place, and inventory valued at over $30,000 is included in the sale price. A large parking lot adds to the property's appeal. Proof of funds is required to review detailed financial statements.

Highlights

  • $2,599,000 asking price.
  • SBA pre-approval available.
  • $1.7M in 2023 sales.
  • Financials justify asking price.
  • High-cash-flow businesses.
  • Six-figure owner compensation.

Property Details for 0 Address Not Disclosed

Property type
Retail properties, Restaurants
Square Feet
4,116 SF

Location Insight

City
Arlington Heights
County
Cook
State
Illinois
Latitude
42.1099506
Longitude
-87.9824758

FAQs

What type of property is this?
Retail property - Established Italian eatery & banquet hall, high cash flow.
Where is the retail property located?
The property is located at Address Not Disclosed Arlington Heights, IL.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: $2,599,000 asking price.; SBA pre-approval available.; $1.7M in 2023 sales.
How can I contact the broker?
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