Gastrobar Franchise Near Downtown Chicago, IL
Chicago, IL Cook County
Chicago, IL
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- RE: Gastrobar Franchise Near Downtown Chicago, IL
- Contact: Ted Aretos
- License #: 475179242
Quick Facts
| Asking Price: | $3,900,000 | |
| Annual Revenue: | $4,079,034 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,321,774 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $400,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | 35 | |
| BBN Listing #: | 1019698 | |
| Broker Reference #: | BL-C-IL-TA |
Business Overview:
High-Volume Gastrobar Franchise Near Downtown Chicago, IL - Over 4 Million In Sales!
“Well-Established Nationally Recognized Franchise - Massive Wrap Around Bar - 189 Seats - Outdoor Patio - Prime Near West Side Location”
Exceptional opportunity to acquire a highly profitable full-service bar and restaurant generating impressive sales and strong cash flow since opening in 2015, with experienced management in place.
This vibrant neighborhood destination pairs an extensive draft beer selection, handcrafted martinis, signature cocktails, happy hour specials and late-night entertainment with upscale casual American dining. Alcohol accounts for about 55% of sales, providing a strong beverage-driven revenue stream.
The beautifully designed space showcases a newer quartz bar top, 58 draft beer handles, 27 bar stools, 10 large-screen TVs and 4 roll-up garage doors, with contemporary industrial-style finishes, exposed brick, high ceilings and expansive windows creating an inviting, energetic atmosphere.
The fully equipped commercial kitchen includes an 18ft hood, multiple fryers, flat-top grill, 6-burner range, prep refrigeration and extensive equipment. The basement adds a keg cooler, large walk-in coolers, walk-in freezer and storage.
Established franchise systems, trained staff, national marketing and brand recognition make this a turnkey opportunity for a qualified buyer.
Listed by Ted Aretos at EatZ & Associates
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Property Features and Assets:
Strategically situated in Cook County within a thriving mixed-use urban neighborhood surrounded by residential developments, universities, medical facilities, offices, restaurants and retail.
The business benefits from substantial pedestrian activity, nearby public transportation, convenient expressway access, plus street parking and a nearby parking garage for guests. It enjoys a built-in customer base of students, professionals, neighborhood residents and visitors throughout the day and evening.
The dense urban trade area features attractive household incomes and a highly educated demographic, with 410,804 residents, 216,954 households and an impressive $116,930 median household income within 3 miles, giving a new owner a large, affluent pool of potential customers.
SqFt: 4,928 + Basement
Seating: 149 Inside & 40 Outside
Hrs: Sun-Thu 11am-12am & Fri-Sat 11am-1am
Owners Role: Absentee owned and operated
Training: Comprehensive franchisor classroom and hands-on operations training, plus on-site and ongoing support
Lease: $15,986/mth gross, expires Nov 2030 with two 5-year options
Market Competition and Expansion:
This well-established gastrobar concept offers an extensive food and beverage menu and multiple revenue streams, including lunch, dinner and takeout.
Strong bar sales and an established local following distinguish it from traditional casual drinking and dining competitors, while significant university and institutional activity nearby supports steady demand throughout the week.
A hands-on owner-operator could further increase profitability through active management, enhanced labor efficiencies and targeted local marketing.
There is room to expand group dining, private events, corporate functions, university-related gatherings and off-site catering. Online ordering and delivery currently represent only about 3.5% of sales, a substantial opportunity for growth.
A new owner can also further capitalize on the draft beer system, cocktail program, sports viewing and busy warm-weather outdoor season. Loyalty programs and national franchise resources provide additional ways to build on an already highly successful business with proven systems, a strong reputation and plenty of room to grow further.
Reason for Selling:
Pursuing other projects. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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