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301 N Northwest Highway

Palatine, IL 60067
  • $2,200,000
  • STATUS: Active
  • ON SITE: 110 Days
  • MLS #: 11970572
UPDATED: 93 min ago
$2,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

Welcome to a wonderful opportunity to purchase a growing quick serve restaurant business along with its prime real estate. This restaurant is charming, and boasts a long-term positive track record of profit and success. With a strategic location and a loyal customer base there is even more opportunity for growth. See below for an overview that will showcase the features and advantages of this great opportunity. Established Brand Reputation: Business has been around for 20 years and has established a great following and reputation for great food! Great Location: Business is located on the high traffic volume, high visibility, Northwest Hwy in Palatine. Open for Business: The sale of this business and real estate includes all the equipment, inventory, recipes, and name. In addition, the owner will smoothly transition the business to the new owner by working alongside of them for two months after the sale. Growth Potential: The new owner has the potential to expand hours as the restaurant is currently closed Monday's and closes daily at 9:00 pm and 8:00 pm on Sundays. Additionally, there can be more revenue streams captured through growing the catering and adding pizza. Real Estate: The restaurant is 3,400 square feet with an additional 3,400 square feet in the basement! Parking is never an issue with 48 parking spaces that span the property that is 3/4 acre. This is an outstanding opportunity to acquire both a successful turnkey restaurant business and its prime real estate location! This investment offers the ability to own a thriving business that will generate immediate profit with a trusted and established brand.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2024-05-21T19:59:04.857 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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301 N Northwest Highway Palatine, IL 60067

  • Price: $2,200,000
  • Status: Active
  • On Site: 110 Days
  • Updated: 93 min ago
  • MLS #: 11970572
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Palatine
County:
Cook
Area:
Palatine
Property Description
Welcome to a wonderful opportunity to purchase a growing quick serve restaurant business along with its prime real estate. This restaurant is charming, and boasts a long-term positive track record of profit and success. With a strategic location and a loyal customer base there is even more opportunity for growth. See below for an overview that will showcase the features and advantages of this great opportunity. Established Brand Reputation: Business has been around for 20 years and has established a great following and reputation for great food! Great Location: Business is located on the high traffic volume, high visibility, Northwest Hwy in Palatine. Open for Business: The sale of this business and real estate includes all the equipment, inventory, recipes, and name. In addition, the owner will smoothly transition the business to the new owner by working alongside of them for two months after the sale. Growth Potential: The new owner has the potential to expand hours as the restaurant is currently closed Monday's and closes daily at 9:00 pm and 8:00 pm on Sundays. Additionally, there can be more revenue streams captured through growing the catering and adding pizza. Real Estate: The restaurant is 3,400 square feet with an additional 3,400 square feet in the basement! Parking is never an issue with 48 parking spaces that span the property that is 3/4 acre. This is an outstanding opportunity to acquire both a successful turnkey restaurant business and its prime real estate location! This investment offers the ability to own a thriving business that will generate immediate profit with a trusted and established brand.
Exterior Features

Lot Size .50-.99 Acre

Interior Features

Cooling Central Air Heat Ventilation Central Bldg Heat

Property Features

Additional Parcels YN No Adjusted Net Income 0 Adjusted Net Income Year 2023 Annual Rent For Real Estate 0 Building Area Total 6800 Business Age 7-10 Years Business Type Restaurant Corporate Limits Palatine Gross Profit Year 2023 Gross Sales Annual 0 Gross Sales Annual Year 2023 Mls Actual Status Active Operating Expense 0 Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessEquipmentOwner Will Train Tax Annual Amount 34993 Tax Year 2022 Tenant Pays Air ConditioningElectricityHeat Type Bus / Bus w/Real Est Type Of Lease None

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Berkshire Hathaway HomeServices Chicago: 847-510-5000.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2024-05-21T19:59:04.857 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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