Active
301 N Northwest Highway
Palatine IL, 60067
$2,200,000
$323.53 per sqft
Active
6,800 sqft
Commercial
Courtesy of Berkshire Hathaway HomeServices Chicago
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.
11970572
MLSⓇ ID
January 31, 2024
Listed
October 2, 2024
Updated
Map
301 N Northwest Highway
Palatine IL, 60067
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.74 Acres
Other Property Details
Area Name
Palatine
Taxes
$34,993
Tax Frequency
Annually
Days on Market
220
Garage
No
View
No
County
Cook
Pool
No
Courtesy of Berkshire Hathaway HomeServices Chicago, Vicki Vranas,
Listing Contact: 847-727-3855
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Data last updated 4:22 AM UTC, 10/2/2024