Business For Sale

Award Winning Restaurant for Sale in Chicago

Chicago, IL
Cook County

Asking Price: Annual Revenue:
$175,000 $723,332

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Award Winning Restaurant for Sale in Chicago Broker: Dennis
Owner Financing is Available!
The sellers are also willing to finance approximately 20% of the purchase price with the right buyer.

Quick Facts

Asking Price: $175,000
Annual Revenue: $723,332
Net Profit: Not Disclosed
Cash Flow: $86,663
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 18
BBN Listing #: 487037950
Broker Reference #: Not Disclosed

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Business Overview:

If you are looking for a restaurant that is historically successful and on the north side of Chicago, this is it. This restaurant has been bringing back the same customers and consistently building on its following for nearly 20 years. The sellers are also willing to finance approximately 20% of the purchase price with the right buyer.

This is the perfect restaurant for a chef-owner or a food industry manager who can step in a run the front or back of the house or both. This business has been built to this point by a great chef who created a fantastic following. This specific restaurant sets the standard for its unique cuisine and it wins when compared to other cuisines as evidenced by awards it has received. This unique, high-quality, full-service restaurant concept in Chicago has earned it one of the most critically acclaimed statuses and most treasured loyal followings in the city. Boasting award-winning cuisine, the restaurant is visited regularly by people from the neighborhood and beyond with many customers eating there once or even twice a week. This business has become a destination for those seeking the best of its kind in the Chicago area and for those traveling from various parts of the world who often seek this location out when wanting to experience this cultural cuisine.

The key to its success has been the culinary sense, talent, and expertise of the owner-operator of the restaurant. The owner's story has been featured in online magazines and in various ways, during the almost two-decade existence of this fine restaurant. This owner will stay on and train a new owner and also may be willing to work in a limited way for an on-going period in a part-time capacity.

The restaurant has a main dining area as well as a private room for catered events and it has not even been fully taken advantage of. Much more opportunity exists for a new owner to promote catered events in-site and also off-site. Customers can also sit in the main dining room of course or at the bar if they wish and partake in many offerings from the menu as the business has a full liquor license.

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Property Features and Assets:

Approximately 3,000 square feet restaurant with full-service dining area including a bar and also a separate private party/catering room. Remodeling was done in 2014 to enhance an already very welcoming environment. Modern and clean with great storefront exposure in a popular and growing north side neighborhood.

Market Competition and Expansion:

A small handful of restaurants of a somewhat similar style cuisine do exist in Chicago but none has achieved the award status or accolades of this restaurant. This restaurant sets the standard in terms of quality and hospitality. A new owner could be more dialed in with social media advertising and various marketing aspect of this type of business. The cuisine is not as broadly known as some and yet it is very highly regarded by those who have become aware of it. The catering side could be promoted much more heavily as there is space onsite to accommodate small groups and/or bok the entire space for parties.

Reason for Selling:

Begin retirement phase.

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.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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