301 N Northwest Highway, Palatine, IL 60067

  • $2,200,000
  • $2,200,000
301 N Northwest Highway, Palatine, IL 60067
  • Business Opportunity
  • Property Type
For Sale
301 N Northwest Highway, Palatine, IL 60067
  • $2,200,000
  • $2,200,000

Overview

Property ID: 16453931
  • Business Opportunity
  • Property Type

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.

  • Address 301 N Northwest Highway
  • City Palatine
  • State/county IL
  • Zip/Postal Code 60067
  • Country United States

Details

Updated on August 25, 2024 at 2:18 am
  • Property ID: 16453931
  • Price: $2,200,000
  • Property Type: Business Opportunity
  • Property Status: For Sale
  • Living Area: 6800
  • MLS#: MRD11970572
  • Office Name: BERKSHIRE HATHAWAY HOMESERVICES CHICAGO
  • Agent Name: Vicki Vranas
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD86608
  • List Agent MLSID: MRD146742
  • List Date: 2024-01-31T16:07:53.000Z
  • Cooling: Central Air
  • Tax Annual: 34993
  • Tax Year: 2022
  • County: Cook

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