High-Volume Bar & Restaurant Franchise Chicago, IL

CHICAGO, Illinois

Asking Price	$3,999,000	Year Established	2015
Annual Revenue	$5,277,215	Reason for Selling	Other projects.
Annual P/L	$0	Attention	Tim Ryan
Annual Cash Flow	$1,530,448	Listing Number	1019328
# of Employees	35	Business Category	Food & Beverage: Bars, Clubs, Nightspots

Business Overview:

High-Volume Well-Established Bar & Restaurant Franchise Chicago, IL - Sales $5,277,215 & Growing!

“Double-Digit Sales Growth The Last 4 Years!!!!”

A truly unique social gathering place - neighborhood bar & eatery with handcrafted cocktails, local & regional beers, unique wines and craveable food in an inviting, urban atmosphere. Menu offers bar bites, soups, greens, flatbreads, burgers, sandwiches, wraps, main plates and decadent desserts, plus signature martinis, margaritas, mojitos, spiked sangrias and mimosas.

Full-service dine-in, takeout, delivery, catering and online ordering. Serving brunch, lunch, dinner, late night and happy hour, with a rewards program. Perfect for special events.

Interior boasts high ceilings, exposed ductwork, vintage brick, expansive windows and concrete floors. Spectacular wrap-around bar with 58 beers on tap, 10 large screen TVs and 27 stools, surrounded by booths, high tops and community tables. 4 roll-up garage doors open to a sidewalk patio!

Fully equipped kitchen with 18ft hood, 6-burner stove, flat top, 2 fryers and conveyor toasters, plus basement walk-in cooler, freezer and keg cooler.

Turnkey and well established over 10 years. Can remain a franchise or convert to independent. Sales mix 55% liquor / 45% food with a 29.3% profit margin.

Listed by Tim Ryan at EatZ & Associates

Property Features and Assets:

<p>Prime corner retail space in a popular mixed-use development on Chicago’s near west side, close to the University of Illinois at Chicago, Illinois Medical District and Central Business District. The development features retail stores, boutiques, specialty shops, numerous restaurants, cafes and eateries, plus movie theaters, bars and performance spaces, and hosts community events, festivals and seasonal celebrations year-round. </p><p>Just minutes from downtown, museum campus, the lake, art museums and public transportation. Near many new housing and retail developments and surrounded by sought-after neighborhoods including Little Italy, Greektown, Near West Side, Near South Side, Pilsen and Chinatown. Easy access from I-90/94, I-290 and I-55, making it convenient for residents and visitors alike!</p><p><br>SqFt: 5,915 + Basement<br>Seating: 149 Inside & 40 Outside<br>Hrs: Su-Th 11a-12m & Fr-Sa 11a-1a<br>Owners Role: Absentee Owned<br>Training: 2-4 Weeks Management Training<br>Lease: $15,600/mth gross incl. all utilities, expires 2029 w/ two 5-yr options<br></p>

Market Competition and Expansion:

<p>Known as the nation’s hottest gastrobar - a new American bar & restaurant serving exceptional drinks and made-from-scratch pub fare. A comfortable, free-spirited seat-yourself space to hang out, with awesome music, the best service and the perfect spot to catch all the games or keep up on current events. </p><p>Shareable, mouthwatering, chef-inspired grub makes it the best place to eat, drink and celebrate. The brand opened its first location in Chicago’s trendy River North neighborhood in 1990 and quickly became a Chicago favorite with its oversized sandwiches and handcrafted specialty martinis. </p><p>They began franchising in 2001, and it is now nationally recognized with over 134 locations across the country, including 8 in the Chicagoland area. They have taken the bar experience to new heights, attracting an affluent 21-44-year-old crowd that enjoys premium drinks, great food and hanging with friends. A brand with deep Chicago roots and a loyal guest following!<br></p>

Additional Details: