Available

Price: $1,788,000

Location: Chicago, Cook County, Illinois

Industry: Restaurant

Listing ID: O181

Pizza Restaurant for Sale in Chicago, Illinois, Cook County Suburbs

Listing Details

Total Sales: $1,799,609

SDE: $384,474

Cash Flow: $384,474

FFE: $499,221 (Included in Price)

Inventory: $10,000

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

Lender Pre-Qualified?: Yes

Terms and Conditions?:

Sellers may consider selling just the business itself to the right qualified and experienced buyer for $989,000.00 and then have a lease with a purchase option on the real estate portion.

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. Seller will remain in the immediate area for on-going support if 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 very PT

Employees: 35

Managers: 4

Location

Type of Location: Stand alone

Square Footage: 3000 sq ft (approx) building, 300+ sq ft cooler plus 300+ sq ft freezer, 30,3000+ sq ft property

Facilities Information:

Approximately 3000 sq ft stand alone building with significant (3000+/- sq ft) 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 8-10X40' (approx) cooler plus a similar size freezer. There is also an office space on the 2nd floor of a similar size to the retail space and a much larger dry storage room on the 2nd floor.

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 sale includes the business entity/assets/cash-flow with all FF&E/vehicles and the real estate with all current attributes onsite.

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 customer types for diverse income streams, and has the capacity to scale up to potentially double total revenue. This is a very good long-term business that has served people across multiple suburban areas for almost 25 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 ownership.

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. The catering is predominantly “drop & go” catering requiring very little labor. This business plays 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 in assisting with event preparation that exceeds the vast majority of similar style businesses.

Owner Qualifications:

Restaurant related and/or other business and/or entreprenuerial experience.

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 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:

Sellers may consider financing a small portion of the real estate side of the transaction.