Tupelo Data Room
Bars, Pubs & Taverns
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Fully-Equipped Restaurant & Bar w/Gaming River Grove, IL - Grand Ave!

River Grove, Cook County, Illinois 60171, United States
Asking Price$99k
Revenue-
EBITDA-
Cash Flow-
Description
Fully-Equipped Restaurant & Bar w/Gaming River Grove, IL - On Busy Grand Ave! "2,850 SqFt Freestanding Building With Prominent Signage, Strong Visibility & Ample Shared Parking" An incredible opportunity to acquire a fully equipped, completely built-out restaurant and bar located on busy W Grand Ave in the heart of River Grove. Situated in an amazing freestanding brick building with large expansive windows, a sleek modern interior with a full bar (16 beers on tap), bar & table seating, 3 flat-screen tvs, open gaming area and a fully-equipped kitchen. Its professional kitchen features a 14ft exhaust hood w/heated air return, 8-burner stove w/oven, tabletop flat-top grill, 2 deep fryers, double-stack Blodgett convection oven, dough mixer, 2-door sandwich prep cooler, 6-door sandwich prep cooler, single-door cooler, 2-door standup cooler, 2-door standup freezer, two chest freezers and more. Plus, a $25,000 Mara Forni brick pizza oven out front! And its full bar features 16 beers on tap, two 3-door glass beverage coolers, single-door beverage cooler, tall single-door beverage cooler, 2-drawer sandwich prep cooler, glass washer, hand sink, ice machine and Toast POS system. Entire restaurant was completely renovated in 2016. Over $400,000 spent on all new equipment, plumbing, electric, HVAC, roof and more. Gaming approved - 5 video games (can add a 6th) plus ATM. Gaming revenue (location’s take) $50,000/yr and growing. Asset sale - all furniture, fixtures and equipment (FF&E) included. Independent - no royalty, advertising or transfer fees. Also, no financials. Ideal for a wide range of concepts such as a pizzeria, bar & grill, sports bar, cocktail lounge, gaming café, modern ethnic fusion restaurant and more. Bring your concept here! Prime retail space in a freestanding building with prominent signage, strong visibility and a 2nd entrance in rear along with ample shared convenient municipal parking. Perfectly situated on W Grand Ave, a heavily traveled east-west corridor with strong commuter traffic linking Chicago to the western suburbs. Adjacent to a very busy Starbucks and popular barber salon. And across two busy plazas. Plus, walking distance to the River Grove and Elmwood Park Metra stations! Located in River Grove, the village of “Friendly Neighbors.” And in close proximity to Franklin Park, Elmwood Park and Melrose Park. Approximately 190,000 residents within 3 miles with a median household income around $70,000! Feel free to stop by the location 1st. If interested, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only. Listed By Pat Mahoney at EatZ & Associates
Real Estate
Rent is $5,075 per month
Building Size: 2850 sq. ft.
Furniture Fixtures & Equipment
$175k
Year Established
2024
Reason Selling
Other interests.
Facilities & Assets
Square Feet: 2,850. Seating: 50 Inside. Value of FF&E: Included In Asking Price (Valued at $175,000). Value of Inventory: Not Included In Asking Price. Year Established: Mar 2024. Leased space $5,075/mth gross. Current lease expires Oct 2028 with two 5-year options.
Market & Competition
Fully outfitted. Beautifully built. Quality equipment, finishes and systems. High-end kitchen equipment. Cool atmosphere. Open floor plan. Two entrances. Ample parking. Great place for a drink, a bite and to watch all the games. And the perfect place to hit the jackpot!
Growth Opportunities
Ideal location on the north side. Great neighborhood spot. Highly visible location on Grand Ave (one of River Grove’s most visible streets) lined with many businesses and thousands of vehicles daily. Also, surrounded by a vast commercial and residential area generating consistent foot and vehicle traffic!
Financing Options
No.
Related Categories
Bar for Sale
Business for Sale in Illinois
Asking Price$99k