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$ 2,550,000
Est. payment | /mo
8,000 SqFt
$ 2,550,000
Est. payment | /mo
8,000 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $318
MLS Listing ID 12259765
Year Built 1840
Annual Tax Amount $30,000
Tax Year 2023
Lot Dimensions .81 ACRES
Property Description
The Princess Cafe, a historic gem located in Beecher, Illinois, has been a beloved fixture of the local dining scene since its establishment in 1977. This landmark restaurant has cultivated a reputation for excellence over the decades, becoming a staple for both residents and visitors seeking a premier dining experience. Known for its exceptional cuisine, warm ambiance, and dedicated service, The Princess Cafe offers a unique investment opportunity in a thriving community. The property spans a generous area, accommodating a seating capacity of 220 guests, making it one of the most substantial dining establishments in the region. The building itself is well-maintained, reflecting its decades-long history of success, while offering ample room for future upgrades or expansions if desired. The cafe is strategically situated along Dixie Highway, a major thoroughfare with a daily traffic count of approximately 9,200 vehicles, ensuring consistent visibility and accessibility. The restaurant boasts a well-laid-out parking lot with ample spaces, making it convenient for patrons and large parties to visit comfortably. Its corner location further enhances ease of access, a critical factor in its steady stream of loyal customers. Despite its size and capacity, the cafe operates efficiently with short business hours, typically open only five days a week and for four to five hours each evening. This operational model highlights its profitability, with minimal strain on resources, and offers new owners significant flexibility to expand hours or days of operation to capture even greater revenue. The Princess Cafe's financial performance is a testament to its success. The business has maintained robust profitability year after year. These figures underscore the cafe's strong financial foundation and its potential to deliver exceptional returns for its next owner. In addition to its core restaurant operations, the property features four gaming machines, which provide a supplemental revenue stream and an added layer of entertainment for guests. The cafe's limited hours, coupled with its dedicated customer base, demonstrate the strength of its brand and operational model. The restaurant's menu, renowned for its high-quality steaks and signature dishes like flaming saganaki, has earned it numerous accolades over the years. Many patrons describe it as a "destination restaurant," where families and friends gather to celebrate special occasions or enjoy a fine dining experience in a relaxed and welcoming atmosphere. Beecher, Illinois, where the cafe is located, is a growing village in Will County. The area is known for its historic charm, family-friendly environment, and strong economic indicators. With a strong median household income and a low poverty rate, the community provides an ideal demographic for a profitable restaurant business. Beecher's blend of suburban and rural characteristics attracts both local residents and travelers from surrounding areas, ensuring a steady flow of patrons to The Princess Cafe. In summary, The Princess Cafe presents an extraordinary opportunity for investors or restaurateurs seeking a highly reputable, profitable, and well-established business in a prime location. With its proven financial success, strong community ties, and significant growth potential, this is more than just a restaurant- it's a legacy. Serious buyers are encouraged to contact the listing broker to obtain detailed financial records and explore this rare opportunity to own a piece of Beecher's history.
Location
State IL
County Will
Area Beecher
Interior
Cooling Central Air, Exhaust Fan
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 2
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Theodore Aretos • EatZ Real Estate Group LLC
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