Business Overview

Currently offering some of the best barbecue anywhere. Featuring all 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 barbeque place, all recipes included – but can NOT keep the name. Can also bring your concept here!

Asset Sale with property. Real estate taxes $28,500.

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: $1,700,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $10,000
  • Inventory Included: N/A
  • Established: 2006

Detailed Information

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

Well-maintained freestanding building. Built in 1975. New roof and HVAC system in 2006. 1.4 acres. 2020 real estate taxes $28,500. 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 (Closed Mondays). 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!!

Additional Info

The venture was established in 2006, making the business 16 years old.
The deal doesn't include inventory valued at $10,000*, which ins't included in the listing price.

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

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell companies. Nonetheless, the genuine factor vs the one they say to you may be 2 totally different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competition, recent reduction in profits, or an array of various other factors. This is why it is extremely important that you not rely entirely on a vendor's word, but rather, utilize the vendor's response along with your overall due diligence. This will repaint a much more reasonable image of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans in order to cover points like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that revenue margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location bring in new customers? Many times, businesses have repeat consumers, which develop the core of their daily revenues. Certain aspects such as new competition growing up around the area, roadway construction, and also staff turn over can affect repeat consumers as well as negatively impact future profits. One crucial point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the better the chance to develop a returning consumer base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? How might the neighborhood typical home earnings influence future income prospects?