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

Naperville, Illinois
High Volume Well-Established Steakhouse DuPage County - Sales Over 1 Million!
Asking Price:$189,000
Gross Sales: $1,041,000
Monthly Rent: $8,150
Value Of FF&E: Included in Asking Price
Real Estate: Leased
Year Established: 1994
Status: For Sale

Contact Details

Contact Name: Ted Aretos

Contact Email: sales@eatz-associates.com

Contact Phone: 815-761-8334

Contact Fax: 847-620-2934

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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.

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.

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

 

Detailed Information

County: DuPage

Location: 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.

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.

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 and 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 advertising.

Support/Training: Two weeks on-site comprehensive training.

Number of Employees: 25

Seller Financing: No

Reasons For Selling: Focusing on other ventures.

Gross Sales: $1,041,000

Value Of FF&E: Included in Asking Price

 

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