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Business For Sale
RESTAURANT FOR SALE IN CHICAGO, FULL SERVICE
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Asking Price: |
$549,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Is in Real Estate business |
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Year Established:
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1988 |
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# of Employees:
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13 |
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Yearly Cash Flow:
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$239,000 |
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Yearly Gross Income:
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$1,660,000 |
Business for Sale Overview:
Are you looking for a successful restaurant in a great location with a
long history at a bargain price? You just found it. This restaurant has
been operating for 20 years. Six years ago it moved to a new space
right next to where it was and built the new restaurant space out from
scratch. The owner spent over $900,000 on the build-out and
equipment. The restaurant and equipment is only six years old.
Everything has been well maintained. Why spend the time and money
building a new restaurant when you can have this one for a fraction of
the price? Full-service restaurant serving breakfast, lunch, dinner and
late night snacks. Very recently, they also started offering delivery and
outside catering. As a result, 2008 sales appear that they will exceed
2007 sales. At least part of the restaurant’s success can be attributed
to the great location. There are over 33,400 cars driving by each day.
Also, the shopping center where the restaurant is located is a
destination spot with many other successful national retail chains,
helping to attract consumers to the shopping center. This is a big
restaurant in a high traffic area with great food and plenty of potential
for growth. You also won’t have to do any remodeling anytime soon.
Property Features and Assets:
Lease Expiration on 3/31/2027 (Including Options); Base Rent; Real
Estate Taxes, C.A.M., Water = +/- $14,300 per Month. Store Size = +/-
5,529 Square Feet Plus Basement. Plenty parking & snow removal included
in Rent. Seats approximately 175.
Market Competition and Expansion:
Excellent & very large restaurant with huge expansion potential.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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