Business Overview

Currently offering some of the best barbecue anywhere. Featuring all of the smoky favorites along with starters, salads, soups, gumbos, sides, sandwiches and desserts.

Full service. Open for lunch and dinner. Dine-in or out, take-out, pick-up and 3rd party delivery, plus catering from 20 to 10,000. Also sells BBQed meats by the pound and sides by the pint & quart.

Nicely appointed exterior and interior. Gorgeous stonework both outside and in, as well as large windows, vaulted ceilings and beautiful wood ceilings and floors.

Ample seating for 175. Full bar with 4 beers on tap and bar area with several high-top tables. Separate dining room with booth and tables. Also, a private room that seats 35, great for private meetings and parties. And a spacious fenced-in covered patio with another 40 seats.

Large fully-equipped kitchen features a 12ft & 20ft hood, smoker, convection oven, full kitchen line and much more. Plus, several prep areas and a large expeditor line. Also, a separate take-out area on the east side of the building!

Well established BBQ place for 16 years! Owner operated.

Can keep it a barbecue place, all recipes included – but can NOT keep the name. Can also bring your concept here!

Asset Sale – all FF&E included. Lease $9,282 NNN + RET, CAM & INS. Asking $150,000 for all furniture, fixtures and equipment.

Location: Prime retail space in a freestanding building on a major thoroughfare with over 30,000 vehicles per day. Boasts great signage, visibility, access and ample parking for 98 cars. Surrounded by many businesses and many homes with a population of approximately 250,000 within a 5-mile radius. Also, across a new large industrial park and data center business park with 9 planned industrial facilities for a total of over 1.2 million sqft of state-of-the-art spaces on 85 acres!

Perfectly situated in Elk Grove Village, known as the top market in the Chicago area for business. Already a booming business community with over 3,600 companies and service organizations within the village. It is regionally considered a premier location for business and industry. Contains the 2nd largest concentration of employment in the state of IL, with over 100,000 people commuting here for work to a diverse mix of local, national and international companies.

A very desirable Chicago northwest suburb named as one of “Fifty Fabulous Places to Raise Your Family.” Known for its excellent parks & recreation, schools, access to transportation, varied housing stock, vibrant economy, low crime rate, exceptional community service and small-town atmosphere.

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.

Listed By Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC

Financial

  • Asking Price: $150,000
  • Cash Flow: N/A
  • Gross Revenue: $1,381,684
  • EBITDA: N/A
  • FF&E: $150,000
  • Inventory: $10,000
  • Inventory Included: N/A
  • Established: 2006

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:6,552
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Property Information: Well-maintained freestanding building. Built in 1975. New roof and HVAC system in 2006. 1.4 acres. 2020 real estate taxes $28,500. Lease Information: Purchase the FF&E and lease for $17sqft = $9,282/mth NNN + RET, CAM and building insurance. Owner/seller offering a new lease with options. Square Feet: 6,552. Seating: 175 Inside & 40 Outside. Days/Hrs of Operation: Tu-Th 11a-7p, Fr 11a-8p, Sa 12n-8p, Su 12n-7p. Owners Role: Active. Value of FF&E: Included In Asking Price (Valued At $150,000).

Is Support & Training Included:

One week on-site comprehensive training.

Purpose For Selling:

Retiring.

Pros and Cons:

Authentic barbecue. Best ribs and BBQ in the Chicago area near O’Hare. Savory menu. High quality fresh ingredients. Bright bold flavors. House made signature desserts. Superb and delicious. Everything prepared to order. Outstanding food and service. Exceptional catering. Always try to exceed expectations. Welcoming exterior. Warm and inviting interior. Set up for large volumes.

Opportunities and Growth:

Local favorite place for BBQ. A staple in the area for both businesses and residents. Possible to add gaming. A+ location. An ideal spot in Elk Grove. Across from the newest and largest industrial park in the O’Hare market, as well as the largest contiguous industrial park in the United States! In an area that is expected to grow and flourish, time to get in is now!! LoopNet Highlights: Across from the New Elk Grove Technology Park Across The Newest & largest Industrial Park In The O’Hare Market, As Well As The Largest Contiguous Industrial Park In The United States! On Higgins Rd (Route 72) - A Major Thoroughfare With Over 30,000 VPD Surrounded By Many Businesses & Many Homes With A Population Of Approx 250,000 Within A 5-Mile Radius Well-Maintained Freestanding Building - Built In 1975 - New Roof & HVAC System In 2006 - 1.4 acres - 2020 RET $28,500 Full Bar - Separate Dining Room - Private Dining Room - Fence-in Outdoor Patio

Additional Info

The business was founded in 2006, making the business 16 years old.
The transaction doesn't include inventory valued at $10,000*, which ins't included in the suggested price.

The business has 13 employees and is situated in a building with estimated square footage of 6,552 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell businesses. Nonetheless, the real factor and the one they say to you may be 2 absolutely different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in earnings, or an array of various other reasons. This is why it is very vital that you not depend entirely on a vendor's word, however instead, utilize the seller's response together with your overall due diligence. This will repaint an extra sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans with the purpose of covering items like stock, payroll, accounts payable, and so on. Remember that sometimes this can imply that revenue margins are too tight. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be satisfied or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in brand-new consumers? Often times, companies have repeat customers, which form the core of their daily profits. Certain elements such as brand-new competitors sprouting up around the area, road building and construction, and also employee turn over can affect repeat customers and also negatively influence future incomes. One crucial point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the higher the chance to build a returning consumer base. A last thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the regional mean family income influence future revenue prospects?