Business Overview

Great little neighborhood Italian place. Featuring delicious hand-tossed pizzas, as well as mouthwatering stuffed and pan/deep dish pizzas, along with homemade pasta, seafood and house specials, plus tasty panzerottis and Italian sandwiches. In addition to ice cold beer and a nice selection of wine.

Full service. Dine-in or out, as well as carryout, curbside pickup and delivery, plus catering. On-line ordering also available. Open for lunch and dinner. Boasts a recently expanded kitchen!

Sales dramatically increased in 2020 when they added covered outdoor dining, complete with lights and heaters. And sales continued to increase another 10% in 2021! Also, great for hosting large gatherings and parties.

2020 gross sales $838,798 and 2021 gross sales $928,885!

Well established for over 34 years. Family owned and operated since 1988. All recipes included!

Location: Prime corner retail space in an historic one-of-a-kind freestanding building on a high trafficked main street across from the busy Metra station. Ample street and train station parking. Surrounded by many homes. And near the high school!

Perfectly situated in an award-winning western suburb, regularly featured in publications such as West Suburban Living and Chicago Magazine. Recently was named by 24/7 Wall Street as the best place to live in Illinois and 12th best in the nation!

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: $925,000
  • Cash Flow: $229,308
  • Gross Revenue: $928,885
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $10,000
  • Inventory Included: N/A
  • Established: 1988

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:2,602
  • Lot Size:N/A
  • Total Number of Employees:14
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Also, the opportunity to purchase just the business for $350,000 and lease the restaurant space for $4,000/mth. Property Information: A mixed-use building with a 1,302 sqft restaurant on the 1st floor with a full basement and a 1,300 sqft 2-bedroom rental apartment on the 2nd floor. Plus, on-site parking for 5 cars. 2019 real estate taxes $7,166. Square Feet: 2,602 (1,302 sqft Restaurant + 1,300 sqft Apartment). Seating: 25 Inside & 70 Outside. Days/Hrs of Operation: Tu-Th 11a-9p, Fr 11a-10p, Sa 1p-10p, Su 1p-9p (Closed Mondays). Owners Role: Active. Value of FF&E: Included In Asking Price (Valued at $100,000).

Is Support & Training Included:

One week on-site comprehensive training.

Purpose For Selling:

Other job opportunity.

Pros and Cons:

Authentic Italian at its best. You can taste the tradition. Like great Italian food from the old neighborhood. Lots of old-world flavor. Everything prepared from scratch in-house with only the finest ingredients using family recipes brought from Italy - all their meats, sauces, dough, desserts and more. Outstanding food. Out-of-this-world hand-tossed pizzas. Fantastic pie - crispy crust, homemade sauces and perfectly caramelized cheese blend. Amazing homemade pasta dishes. Fresh bread. Ice cold beer. And wines that pair well with everything on the menu. A wonderful mom & pop Italian restaurant. A charming old fashion place. A quaint casual eatery. Cozy neighborhood setting. Relaxed ambiance. The perfect spot for family dinners, a date, meeting up with friends and celebrating special occasions. And now offering dining alfresco! Also, experienced and loyal staff. Extraordinary service. Everyone treated like family! Ideal location. Great corner spot. Busy street and busy train station. Conveniently situated. Close to many homes! Voted “Best Pizza”. “Best Italian” in the western suburbs. Rated “3 Forks” by Chicago Tribune and “4 Stars” by the Chicago Sun Times.

Opportunities and Growth:

A very special place. Local favorite for generations. Neighborhood gem. A staple in the community. An area mainstay. Tons of regulars. Loved by many. THE place for pizza. The “go-to” Italian place. Highly rated and recommended, great reputation to continue to build upon!

Additional Info

The company was started in 1988, making the business 34 years old.
The sale doesn't include inventory valued at $10,000*, which ins't included in the asking price.

The company has 14 employees and is situated in a building with estimated square footage of 2,602 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell companies. Nonetheless, the genuine reason and the one they tell you may be 2 totally different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competition, recent decrease in revenues, or a range of various other factors. This is why it is extremely essential that you not rely absolutely on a vendor's word, yet instead, use the seller's answer along with your general due diligence. This will repaint a much more reasonable image of the business's present situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that earnings margins are too small. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be met or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in new consumers? Most times, businesses have repeat customers, which develop the core of their everyday earnings. Particular variables such as new competition growing up around the area, roadway construction, and also personnel turnover can impact repeat clients and also adversely affect future revenues. One essential point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to build a returning customer base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional average family earnings influence future revenue prospects?