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

Financial

  • Asking Price: $350,000
  • Cash Flow: $179,065
  • 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:N/A
  • Building Square Footage:2,602
  • Lot Size:N/A
  • Total Number of Employees:14
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease for $4,000/mth. Owner/seller offering a new lease with options. 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. Also, the opportunity to purchase the property for an additional $575,000. Square Feet: 2,602 (1,302 sqft Restaurant + 1,300 sqft Apartment Upstairs). Seating: 25 Inside & 70 Outside. Days/Hrs of Operation: Tu-Th 11a-9p, Fr 11a-10p, Sa 1p-10p, Su 1p-9p. 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 venture was established in 1988, making the business 34 years old.
The transaction doesn't include inventory valued at $10,000*, which ins't included in the asking price.

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

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell companies. However, the true reason vs the one they tell you might be 2 absolutely different things. As an example, they might claim "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to hide the reality of changing demographics, increased competitors, current decrease in profits, or an array of various other factors. This is why it is very vital that you not rely completely on a seller's word, however rather, make use of the vendor's answer in conjunction with your overall due diligence. This will paint a much more reasonable picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover items like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that revenue margins are too tight. Lots of companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location draw in new clients? Most times, operating businesses have repeat consumers, which develop the core of their everyday earnings. Certain variables such as brand-new competitors sprouting up around the location, roadway construction, and also staff turn over can influence repeat consumers and negatively influence future earnings. One crucial point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the opportunity to construct a returning consumer base. A final idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Just how might the local mean household earnings impact future income potential?