Owner Financing is Available!
Business Overview:
Fast food style restaurant in a great location at a very low price.There are 27,000 cars driving past this restaurant each day. Biz offers carry out, delivery and a 44 seat dining room. The current owners are moving to Florida to start a new business. This restaurant has been in business for over 25 years. With warmer weather approaching, sales are increasing. The warmer weather causes foot traffic to dramatically increase. In addition to the usual fast food menu items such as gyros, burgers, hot dogs, salads, wings, beef sandwiches and soups, they also serve homemade chili, homemade gyro sauce, homemade Italian dressing, homemade Barbecue sauce, and homemade deserts such as cakes, pies, and brownies. Fast food restaurants are notorious for having inferior food quality, but this is not the case here. The restaurant is located on a very busy street on the Northwest side of Chicago. Aside from finding a good location with high traffic counts, cheap rent, and plenty of parking, the most difficult aspect of opening a fast food restaurant is developing delicious food recipes. In this case, this has already been done for you. The best part of this business is that even though the business has very limited hours of operation, no website, and very little advertising, the still manage to do over $300,000 in gross sales each year. With so many bars in the area, expanding the hours of operation would help increase the sales even further. The restaurant is also not even open for breakfast. The current hours of operation are Mon-Thurs 11am to 8pm, Fri & Sat 11am to 8:30pm and CLOSED on Sundays. Also, while most businesses have seen a 20% to 45% decline in sales from 2008 to 2009 because of the economy and reductions in customer spending, this business has only realized a minimal loss in sales of 7%.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The lease expires in 2015 however, the property owner is willing to give an experienced & qualified buyer an 8-10 year lease. The Gross Rent is currently $2,400
Market Competition and Expansion:
This business had been here and is well established for 25 years.
Reason for Selling:
To move to Florida and start a business.
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.