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Dog N Suds Drive-in Grayslake, IL - Rare Opportunity With Property!

Grayslake, Illinois
Dog N Suds Drive-in Grayslake, IL - Rare Opportunity With Property!
Asking Price:$850,000
Gross Income: $370,609
Cash Flow: $130,463
Value Of FF&E: Included In Asking Price
Real Estate: Included in Asking Price
Year Established: 1963
Status: New Listing

Contact Details

Contact Name: Tom Traina

Contact Email: sales@eatz-associates.com

Contact Phone: 847-651-3834

Contact Fax: 888-673-3045

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Business Description

Serving an extensive menu of delicious classic American foods including hot dogs, burgers, chicken, wraps, specialty sandwiches, sides, drinks and floats. Also kids meals.

Dine outside, car hop service or to go. Also call-in orders.

A thriving, successful business for 55 years. Current owner for 23 years. Only open 7 months a year (Late February - Late September) - 5 months of free time! No royalty, advertising or transfer fees. Asking price also includes a concession trailer, currently operated at 3 festivals a year.

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.

$ Financing Available

 

 

Detailed Information

County: Lake

Location: Prime retail space in a freestanding building with plenty of parking on busy Center St just west of Route 83.

Facilities: Property: Approximately 25,000 SqFt ~ 1/2 Acre. Real estate taxes $11,718. Square Feet: 1,500 + 200 SqFt Basement. Seating: 30 + Car Spots. Days/Hrs of Operation: Daily 11a-9p.

Competition: So Dog-Gone Good! An original. A classic drive-in. Fun retro car hop service. One of the few remaining, there are three others in Illinois and fourteen altogether. An iconic part of American culture. Boasts "World Famous" root beer, root beer floats, Coney dogs, Texas burgers and homemade cole slaw. "The World's Creamiest Root Beer." Everything cooked fresh to order. Known for their fast and friendly service. Highly rated and recommended.

Growth and Expansion: Well established. A stable in the community. Has stood the test of time. A longtime favorite. Lots of regulars for generations. Serving between 65,000 and 70,000 customers every season.

Support/Training: Two weeks on-site comprehensive training.

Number of Employees: 25 Part-Time

Seller Financing: Possibly, to a well-qualified buyer with a minimum of $400,000 down.

Reasons For Selling: Retiring.

Value Of FF&E: Included In Asking Price

 

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