NOT DISCLOSED, Illinois
| Asking Price |
$149,900 |
Year Established |
1976 |
|
| Annual Revenue |
$0 |
Reason for Selling |
Retiring. |
|
| Annual P/L |
$0 |
Attention |
Tim Ryan |
|
| Annual Cash Flow |
$0 |
Listing Number |
1020084 |
|
| # of Employees |
1 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
50-Year Established Fast-Food Restaurant Northwest Suburb of Chicago, IL - Freestanding Corner Location!
“Own A Longtime Neighborhood Favorite - Fully Equipped - Prime Corner Visibility - Private Parking Lot - Endless Possibilities”
Rare opportunity to acquire a family-owned restaurant in a highly desirable Cook County community.
Serving customers since 1976, this neighborhood institution has built generations of loyal regulars through generous portions, quality food, friendly service and exceptional value. Under the same family ownership for 25 years, it is now offered as an asset sale due to retirement (no financials).
Sale includes all furniture, fixtures & equipment (excluding landlord-owned hood/walk-in cooler and vendor-owned gyros machines/Pepsi station), existing build-out, trade name, recipes, website, online ordering platform and goodwill.
Continue the proven Greek-American concept and capitalize on built-in customer recognition, or bring your own. The versatile menu features signature gyros, Greek specialties, Chicago-style hot dogs, Italian beef, burgers, tacos, burritos, breakfast favorites and more. Counter service supports dine-in, carryout, online ordering and delivery pickup throughout the entire day.
Rated 4.5 stars on Google with over 575 reviews and 4.4 stars on Yelp, customers rave about the flavorful gyros, warm family service and affordable prices.
Listed by Tim Ryan at EatZ & Associates
Property Features and Assets:
<p>Premier space in a well-established northwest suburb with its own 21-space lot for easy carryout and delivery pickup, plus prominent signage, excellent exposure and convenient access from surrounding homes and businesses. </p><p>Sits on 2 heavily traveled commuter corridors, a major highway and a connecting roadway carrying ~23,000 vehicles daily. Near a busy Metra commuter station, thriving downtown district, neighborhood shops and offices, drawing steady traffic from commuters, workers and residents. </p><p>Strong demographics: ~132,862 residents within 3 miles; median household income $121,027 within 1 mile and $106,557 within 3 miles. Efficient kitchen, booth seating and seasonal patio. FF&E valued at $50,000 included in price. Inventory ~$2,500 not included.</p><p><br>SqFt: 1,250<br>Seating: 16 Inside & 6 outside<br>Hrs: Mon-Sat 9am-8pm (Closed Sunday)<br>Owners Role: Father & daughter, active daily; 1 part-time employee<br>Training: Negotiable on-site comprehensive training<br>Lease: New lease, $4,900/mth all-in incl. taxes & insurance; negotiable terms, options & deposit<br></p>
Market Competition and Expansion:
<p>A neighborhood institution with decades of market recognition and a loyal following newer competitors must work to build. Authentic Greek and classic Chicago-style favorites made with top-quality, locally sourced ingredients, known for easy ordering and fast, friendly service. </p><p>Famous for its gyros, with something for everyone. The diverse Greek, American and Mexican menu appeals to families, commuters and local employees, while the affluent, densely populated trade area supports demand for convenient dining. Personalized service sets it apart from national chains and newer independents.<br><br>Growth opportunities: promote breakfast to commuters; add Sunday and later evening hours; boost social media, loyalty programs, targeted promotions and online advertising; launch dedicated third-party delivery storefronts; market catering, family meals, party trays and office lunches to nearby businesses, schools and residents; explore beer & wine service and video gaming. Ideal for an experienced operator, family business or entrepreneur seeking an established location without starting from scratch.<br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity