Available

Price: $1,849,000

Location: Chicago Suburbs, Cook County

Industry: Restaurant

Listing ID: O181

Listing Details

Total Sales: $1,675,734

SDE: $360,713

FFE: $499,221 (Included in Price)

Inventory: $4,000

Real Estate: $799,000 (Included in Price)

Reason For Sale:

Sellers have other business involvement and future interests.

Training & Support:

Seller will provide as much training as needed and as agreed during the purchase process.

Operation

Year Established: 1995

Days & Hours of Operation: 10:30 AM - 9:00 PM

Owner Hours Per Week: One owner FT

Employees: 35

Managers: 3

Location

Type of Location: Stand alone

Square Footage: 3000 sq ft (approx) building, 30,3000+ sq ft property

Facilities Information:

Approximately 3000 sq ft stand alone building with significant additional onsite storage units built or placed on a 30,300 (approx) sq ft property. The building has an area if approximately 308 sq ft of finished retail space on the first floor along with a large and extremely well-organized kitchen with very high ceilings, adjoining a 10X40' (approx) cooler and similar freezer. There is also an office space of a similar size to the retail space and a much larger dry storage room.

Expansive parking for customers and employees onsite.

Summary

Historical Summary:

* Listing content subject to change if/when any additional or more current information becomes available.

This is a very successful carryout and catering restaurant for sale in suburban Chicago. They offer a broad menu that includes some Italian, American, and other similar types of fare. Well known for everything from appetizers to pizza to burgers to sandwiches to chicken to salads and much more.

This business is like no other in the fact that it is very effectively run, has a unique building/property that can accommodate continued growth, has multiple income streams, and has the capacity to scale up to potentially as much as 50% more to double in total revenue. This is a very good long-term business that has served people across multiple suburban areas for over twenty years. The restaurant has served the same ever-growing loyal audience of food lovers far beyond the boundaries of their neighborhood and has an excellent reputation.

This business has created the type of business model that few business owners achieve at this level. The quality preparation of food has set the standard from day one. The owners have their own building and have refined the original model over the years, have added additional income streams, have accumulated a huge amount of equipment, have implemented extensive operational systems and recipe formulations, all resulting in an unstoppable future for the employees and owner.

In addition to carryout customers who pick up their own order, this business also provides delivery services, catering packages, unique institutional meal program options, and can even provide for commissary type use of their kitchen for different small businesses looking to expand in the area or ramp up in order to fulfill the demand for their market niche.

This business has a great reputation for catering to all kinds of off-site events with approximately 40-45% or more of their revenue coming from the catering side of the business. They play a very active role in their customer’s events and in delivering on the trust given at all levels. They create memorable dining experiences with the food quality alone, but they go far beyond that with their broad capabilities is assisting with event preparation that exceeds the vast majority of similar style businesses.

Competition:

Other businesses do exist in the broad geographic area that are similar in-part based on some portion of the menu offerings, but not on balance if compared to the capabilities and offerings of this one business. This proprietary business approach is unique in that there are multiple ways of driving business to this particular location because they proactively integrated unique aspects that other business owners do not.

Potential Growth:

This business has the available space and the needed kitchen as well as other equipment to expand to a point of potentially increasing business by perhaps as much as another 50% or as much as potentially double in size depending on if it is catering or institutional food programs or a combination of the 4 or 5 major areas of focus at this business.

Financing/Terms:

No owner financing offered at this time.