NOT DISCLOSED, Illinois
| Asking Price |
$300,000 |
Year Established |
2004 |
|
| Annual Revenue |
$2,954,913 |
Reason for Selling |
Retiring. |
|
| Annual P/L |
$0 |
Attention |
Ted Aretos |
|
| Annual Cash Flow |
$163,284 |
Listing Number |
1019065 |
|
| # of Employees |
27 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Long-Established Highly-Acclaimed Restaurant North Suburb of Chicago - Sales Over $2.9M!
“In A Highly Visible Freestanding Building Along One Of The North Shore’s Premier Commercial Corridors”
A rare opportunity to acquire one of Chicagoland’s most respected chef-owned restaurants, founded and operated by two nationally recognized culinary professionals. Its farm-to-table concept built a loyal following over 20+ years, known for seasonal menus, unwavering quality and a commitment to sustainable agriculture. Elevated American cuisine features locally sourced premium steaks, fresh seafood, legendary signature dishes, house-made soups, pastas and desserts, plus craft cocktails, a curated wine selection and local beers. An upscale yet approachable atmosphere draws professionals, families and destination diners, with a full-service bar, dining room, outdoor patio, private event room and full commercial kitchen. Independent with no royalty, advertising or transfer fees. Dine-in, carryout, online ordering and reservations. 27 employees, including longtime staff, a full back-of-house team, front-of-house manager and longstanding bar program. Or bring your own concept to this plug-and-play facility with an amazing build-out and demonstrated volume, perfect for a steakhouse, seafood, Italian, Asian, Mediterranean, brunch spot, gastropub, brewpub and more. Ideal for an owner-operator, hospitality group, chef-restaurateur or investor.
Property Features and Assets:
<p>Prime retail space in one of the most desirable dining markets in the Midwest and one of the strongest demographic submarkets in the Chicago metropolitan area. Serves an affluent customer base with exceptional household incomes and strong discretionary spending power. The surrounding mix of affluent residential neighborhoods, professional services and regional retail destinations generates consistent lunch, dinner and special occasion traffic throughout the year. Established in 2004. FF&E included in asking price; inventory not included. Highly confidential listing; showings by appointment only outside business hours.<br><br>SqFt: 6,065<br>Seating: 200 (158 Main Dining + 42 Private Event Room)<br>Hrs: Mo-Th 11a-2p/5p-8p, Fr 11a-2p/5p-9p, Sa 5p-9p, Su 5p-8p<br>Owners Role: Owner operated (working chefs), alternate 6 days a week; retiring<br>Training: Negotiable on-site comprehensive training <br>Lease: $17,956/mth gross. Expires Sep 2027 with three 5-year options. $25,000 security deposit<br></p>
Market Competition and Expansion:
<p>A leading North Shore dining destination with an exceptional reputation, offering delicious upscale American cuisine in a sought-after setting that is both approachable and family friendly. Its chef-driven concept boasts scratch-made cooking with seasonal Midwest ingredients and broad customer appeal, and is frequently recognized in Chicago food publications. Strong local and regional name recognition throughout the Chicagoland area drives significant repeat business from across the North Shore and the broader north suburban area. Ideally located on a highly trafficked retail and restaurant corridor lined with numerous restaurants, retail centers and offices, close to major employers, medical offices and high-occupancy hotels that bring a steady stream of new guests. Substantial goodwill and long-term upside are in place for a new owner. Additional growth opportunities include increasing prices, extending hours, expanding private events, launching corporate catering, adding third-party delivery and enhancing digital marketing initiatives to reach new customers and grow sales.<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity