Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Address Not Disclosed
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arlington Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.9825
- Latitude
- 42.11
