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Landmark Restaurant With Large Catering Business Chicago Western Suburb - + Property With 3 Rental Units!

Chicago Western Suburb, Illinois
Landmark Restaurant With Large Catering Business Chicago Western Suburb - + Property With 3 Rental Units!
Asking Price:$1,648,000
Gross Income: $1,207,280
Cash Flow: $325,054
Value Of FF&E: Included In Asking Price
Real Estate: Property With 3 Rental Units Included
Year Established: 1977
Status: For Sale

Contact Details

Contact Name: Ted Aretos

Contact Email: sales@eatz-associates.com

Contact Phone: 815-761-8334

Contact Fax: 847-620-2934

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Business Description

Rare opportunity to own a well-established highly successful sandwich & soup restaurant and catering business.  Located on a thriving destination main street in an historic downtown area.  The property that also includes 3 rental units for additional income.

This one of a kind restaurant serves breakfast, lunch and dinner daily.  Offering dine-in (BYOB), carry-out and delivery to many businesses, 5 local hospitals, a Cook County courthouse and more.  Borders 2 densely populated, affluent villages with a strong following.

Plus, large catering business -  known for providing delicious food to many of the picnics, corporate catering, school lunches, park districts and day camps.  Preferred catering status at many venues in the area.  Also offers bar services for events.

Features a cool retro theme, casual vibe, freezers of grab & go, 2 kitchens, 4 walk-ins and fenced in sidewalk patio.  Price includes hundreds of amazing recipes.   Also detailed operational procedures in place.

Family owned and operated.  Current owners currently hold managerial roles in the business overseeing/supervising managers and employees.

Sales up year after year, have consistently increased sales every year they have been in business!

The building also has 2 residential and 1 commercial renter totaling $42,900 in rental income a year!!

Also the option to purchase only the restaurant business for $799,000 and lease its space as well.

Gross Income (2017):  $1,164,380 Restaurant + $42,900 Rental = $1,207,280

Feel free to stop by the location as a customer first.  This is a highly confidentially listing, please do not talk to any of the employees or patrons.  If interested, contact EatZ for more information.  Showings by appointment only.

$ SBA Financing Available

 

Detailed Information

County: Cook

Location: Prime retail space in a freestanding building on the thriving historic main street in the bustling downtown district of an affluent and densely populated close-in western suburb of Chicago. Ample lot and street parking. Great neighborhood location. Tons of vehicle and foot traffic. Just 10 miles west of Chicago's loop and minutes from O'Hare and Rosemont.

Facilities: Property: Mixed-use building with restaurant, nail salon and two 2bed/1bath apartments above. 2017 Real Estate Taxes $16,290. Total Building Square Feet: 6,234. Restaurant Seating: 50 Inside & 16 Outside. Restaurant Days/Hrs of Operation: Mo-Sa 8a-9p & Su 11a-6p.

Competition: No other place like it. Everything made from scratch and fabulous. Quality fresh food at its best. A classic deli with a unique twist. A true neighborhood 'joint' - simple place with great food and friendly people. Restaurant is known for its unique, homemade, gourmet creations. A landmark restaurant for its iconic gourmet subs, soups and salads. Has great history and serves legendary good food. Current owners love cooking and creating great recipes with their staff. They have thrived on staying relevant in an ever-evolving market. Such a fun place. Robust menu. High quality team of workers. Outstanding delivery. Phenomenal catering presentation. They have taken fast-casual gourmet food to another level. Hands down the best sandwich spot in Chicagoland!

Growth and Expansion: A solid franchise concept waiting for the next step - YOU! A real gem with deep roots in the community. Famous for their out of this world sandwiches, soups and creativity. The go-to sandwich place in the area and all its surrounding suburbs. Local treasure - huge following. Loved by many for many years. Highly rated and recommended. Great reputation to continue to build upon.

Support/Training: One month on-site comprehensive training.

Seller Financing: No, but already pre-approved for SBA financing!

Reasons For Selling: Retiring.

Value Of FF&E: Included In Asking Price

 

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