Casual High Quality Restaurant for sale in Chicago....................................$199,000.00 + Inventory
This is an existing full service restaurant on the North Side of Chicago that is very unique due to the high quality craftsmanship that went into building it out as well as the very special imported equipment that is used to create the authentic menu items. This is a fantastic opportunity to own a space that cannot be duplicated for anywhere close to the asking price. An existing loyal clientele exists in its populated neighborhood and the reach of its audience could easily span from the LOOP to the North Shore if a proactive advertising/Marketing plan is implemented. This is a destination and is a welcome escape from your more ordinary restaurants that are a-dime a-dozen in the city of Chicago. When you visit this location, that has a tavern liquor license as well as food and sidewalk cafe license, you will understand the enthusiasm that comes from its patrons.
This restaurant is a perfect fit for a seasoned restaurateur or a food industry manager wanting to venture out on his or her own. The options are limitless in terms of menu creativity with the current model and can easily be modified to include different ethnic influences or be made more general. Since the business has a tavern license, the business model can shift to accommodate a new owners interest level in serving more or less food as well as more or less alcohol related beverages. This business has what I would consider one particular piece of advanced business equipment specific to a certain type of food preparation that is versatile and also authentic. This equipment alone will last for decades and along with the other equipment currently in place, provides a well-equipped and fully operational turnkey restaurant.
The current owner is absentee at least 95% of the time due to other professional obligations, but has a well-suited staff to manage the operations. While it has had consistent revenue the potenital is far in excess of the current gross sales. The upside potential for an attentive owner/operator is substantial. Just expanding business hours and having a hands-on presence would be a great step forward. The current owner/seller has established a well-thought-out business plan and it now needs to be taken to the next level by somebody fully engaged in this business on a day-to-day basis. Plenty of capacity exists within the current business structure to double or triple sales volume as well as having the physical space available to accomodate growth in revenue as well as in staff. This business has sustained itself during very difficult times and even with a mostly absentee owner has what it takes to succeed.
Business Sale Price: $199,000.00 + inventory (at cost)
Gross Sales (approx): $383,087.00
Current lease w/rent incl. RE Tax & CAM (approx): $3,092.00
Furniture, Fixtures, & Equipment (approx): $100,000.00
Operating Hours: Thurs-Sun 5:00PM-10:00PM, Fri-Sat 5:00PM-11:00PM
Licenses: Tavern License 2AM Weekdays, 3AM Friday & Saturday, Food + Sidewalk Cafe Licenses
Contact: Dennis Hansmann, email@example.com or 312-360-1955