High Volume Italian Rest with Property! 8341 Grand Ave

Investment Highlights

Freestanding Building At The Intersection Of Grand Avenue & Thatcher Ave With Over 53,000 VPD Full-Service Restaurant With A Full-Service Bar - Remodeled In 2021 Boasts 3 Kitchens With 4 Walk-In Coolers/Freezers: Main Kitchen, Separate Gluten Free Kitchen & 2nd Floor Prep Kitchen And Across 2 Busy Plazas + Walking Distance To The Metra Station 2 Dining Rooms + Beautiful Private All-Season Banquet Room & Convenient Carryout Area Sales Over $1,500,000 - For Additional Revenue Can Expand Business Hours To Include Lunch - Can Also Add Gaming

Executive Summary

High-Volume Well-Established Italian Restaurant/Pizzeria With Property - River Grove, IL!Featuring a menu of fresh, seasonal rustic Italian cuisine and amazing pizza with an impressive wine list. Offering delicious appetizers, homemade soups, pasta, chicken & seafood specialties, veal dishes, sandwiches, thin-crust pizzas, sides and desserts. Along with an incredible gluten free menu!Full-service restaurant with a full-service bar. Dine-in, carryout, pickup and in-house delivery, plus catering. Online ordering also available.Remodeled in 2021. Warm and inviting interior. Ample seating in 2 dining rooms, plus a beautiful private all-season banquet room. Also, a convenient carryout area.Boasts 3 kitchens with 4 walk-in coolers/freezers: a main kitchen, a separate gluten free kitchen and a 2nd floor prep kitchen with exhaust hood, walk-in cooler/freezer and more!Well established over 21 years. Current owner over 3 years. Independent - no royalty, advertising or transfer fee.Location: Prime retail space in a freestanding building with convenient shared municipal parking in the rear. At the intersection of Grand Avenue with over 22,000 vehicles per day and Thatcher Ave/N 1st Ave with over 31,000 vehicles per day. Adjacent Novelli?s Barber Salon, Sama Taproom & Kitchen, Visionman Optical and Starbucks. And across two busy plazas. Plus, walking distance to the Metra station.Also, surrounded by a very dense residential area!Year Established: 2003 (Current Owner 2021). Property Information: One and part two-story commercial building. Built in 1963. On .07 lot. Plenty of free parking from the village. 2022 real estate taxes $52,000.Square Feet: 6,080. Seating: 180. Owners Role: Owner operated. Gross Sales: (Asset Sale). Net Operating Income: (Asset Sale). Value of FF&E: Included In Asking Price (Valued at $150,000). Seller Financing Available: No. Reasons for Selling: Other interests. Competition/Market: Specializing in gourmet Italian cuisine and fantastic thin-crust pizza. Authentic Italian dishes. Everything fresh and delicious. Plus, a vast array of gluten options. A pioneer/leader in gluten free Italian foods! Also, known for their attentive service and fast hot delivery.Featured In Chicago Tribune, The Chicago Magazine, USA Today, The Hungry Hound and Check Please!Growth & Expansion: Ideal location. Local favorite. Great neighborhood place. Staple in the community. Area gem. THE place for Italian. And THE place for gluten free Italian. A must try. Best Italian and pizza around. Also, huge carryout/delivery and catering business.Highly rated & recommended, great long-time reputation to continue to build upon!For additional revenue can expand business hours to include lunch. Can also add gaming.Feel free to stop by the location first. This is a HIGHLY confidential listing. If interested, contact EatZ for more information. Showings by appointment only.Listed by Pat Mahoney & Tom Traina at EatZ & Associates/EatZ Real Estate Group

• Sale Type    Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
• Building Size    6,080
• Building Class    B
• Year Built    1963
• Price    1,200,000
• Price Per SF    197
• Tenancy    Single
• Building Height    1 Story
• Building FAR    1.99
• Land Acres    0.07 AC

• Restaurant
• Signage
• Air Conditioning