Fast Food Restaurant - Northwest side of Chicago
Asking Price/Business only:
Here’s your chance to buy a fast food style restaurant in a great location. There are 40,100 cars driving past this restaurant each day. This fast food style restaurant offers carry out, delivery and a small dining room with about 25 seats. The current owner is in the process of opening another fast food restaurant and no longer has time to manage this restaurant. This fast food restaurant just opened for business in July of 2008 and is already averaging approximately $31,000 per month in sales. With spring and summer approaching, sales are increasing. The warmer weather causes foot traffic to dramatically increase. With winter arriving, deliveries will increase. Another reason for the increasing sales is the excellent food they serve. Fast food restaurants are notorious for having inferior food quality. This is not the case here.
The owner states that approximately 80% of the gross sales are cash sales and approximately 20% are credit card sales. The restaurant is located at a very busy intersection on the North/Northwest side of Chicago. There are over 40,100 cars driving through the intersection each day. Aside from finding a good location with high traffic counts, cheap rent, and plenty of parking, the most difficult aspect of opening a fast food restaurant is developing delicious food recipes. This has already been done for you. The current owner works +/- 15 hours per week. There are approximately 25 seats and an oversized office with a shower and a private bathroom. The office can be converted to additional storage space or additional seating.
Also, while most businesses are struggling in 2009 because of the economy and reductions in consumer spending, this business has seen an increase in sales. The average monthly gross sales are $31,000.00 and increasing each month. March 2009 sales were $30,191.30. April 2009 sales were $35,596.09. May 09 sales were $37,867.26. June 09 sales were $34,176.46. July 09 sales were $34,562.74. August 09 sales were $30,081.58. September 09 sales were $27,151.75.
This really is a great location with very cheap rent. The rent is only 5% of gross sales. Most businesses are at 10% or higher.
*Note: A copy of the menu can be faxed or emailed to you upon request. Pictures can also be emailed upon request.
$179,000.00 plus inventory Price Reduced!!
Gross annual sales (approximately):
$372,731.38 (As Stated By Owner)
Cash flow or net (approximately):
$134,152.00 (As Stated By Owner)
Value of furniture, fixtures & equipment (approximately):
Value of inventory (approximately):
$3,500.00 (not included in asking price)
Lease details (approximately):
The lease expires in May of 2023. The Gross Rent is currently $1,650.00/month & includes water & trash removal. The rent increases to $1,750.00/month in June of 2011. The space is approximately 2,200 square feet. There are +/- 25 seats & +/- 25 parking spaces plus street parking.
Owner will consider some financing with qualified & experienced buyer/operators.
Contact: Dennis, email@example.com or 312-360-1955