Creating Possibilities in the Restaurant Industry
North America’s #1 Restaurant Broker

High Volume Fast-Casual Mediterranean Restaurant Chicago, IL - On Michigan Ave In The South Loop!

Chicago, Illinois
 High Volume Fast-Casual Mediterranean Restaurant Chicago, IL - On Michigan Ave In The South Loop!
Asking Price:$199,000
Gross Sales: $1,018,807
Cash Flow: $120,000
Monthly Rent: $10,000
Value Of FF&E: Included in Asking Price
Real Estate: Leased Space
Year Established: 2009
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

Contact Broker

Business Description

Serving delicious authentic Mediterranean fare including hummus, tzatziki, saganaki, gyros, pitas, kabobs, baklava, stuffed grape leaves, garbanzo cakes, spinach pie as well as wraps, panini's, salads, burgers, entrees, sides and desserts.

Simple operation - counter service. Dine-in, carry-out and delivery, plus catering. BYOB.

Modern and hip interior. Spacious dining area. Fully-equipped kitchen with a 13ft hood. Ample street and garage parking.

Independent, no transfer, royalty or advertising fees. Well established, family owned & operated for over 10 years!

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.

 

Detailed Information

County: Cook

Location: Prime retail space on highly traveled Michigan Ave with excellent frontage and exposure. Near Columbia College. Perfectly situated just 2 blocks west of the Museum Campus which includes the Field Museum, Adler Planetarium and Shedd Aquarium, plus there's Soldier Field, Burnham Harbor, Northerly Island and the Arie Crown Theatre. This impressive campus sits on scenic lakefront parklands that are an extension of Grant Park. With 319 acres of green space and recreational fields, Grant Park is known as "Chicago's front yard" and hosts many major city events such as Taste of Chicago, Chicago Blues Festival and Lollapalooza. The restaurant is also encircled by many existing, as well as, many new high-rise buildings comprised of businesses and residences. The South Loop is a thriving neighborhood of Chicago with a dynamic mix of attractions, parks, history and more.

Facilities: Leased space $10,000/mth gross. Current lease expires in 2021 with options. Square Feet: 2,000. Seating: 50. Days/Hrs of Operation: Daily 10a-10p, except Su/We til 9p.

Competition: Has been recognized for its outstanding Mediterranean cuisine, excellent service and friendly staff. Known for its modern interpretation of classic Mediterranean dishes. Uses only high-quality ingredients. Gorgeous build-out. Relaxed atmosphere. Walking distance from the Museum Campus as well as many offices and residences. Boasts excellent vehicle and heavy foot traffic on famed Michigan Ave.

Growth and Expansion: A cornerstone in the Chicago community. A South Loop favorite. Great neighborhood spot. Conveniently located for both locals and visitors alike. Only a 5-10 minute walk from the Shedd Aquarium, Field Museum and other attractions. Also surrounded by the vast commercial and residential area of the South Loop. Highly rated and recommended, a great reputation to continue to build upon.

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

Number of Employees: 12-15

Seller Financing: No

Reasons For Selling: Other interests.

Gross Sales: $1,018,807

Value Of FF&E: Included in Asking Price

 

#1 BUSINESS BROKER OF Independent AND FRANCHISED RESTAURANT OPPORTUNITIES
Contact EatZ & Associates

Interested in buying or selling a restaurant?
Give us a call at 888-971-3289 to see how we can help.

Connect With Us
Have A Question? We are here to help.

Copyright © 2019 All Rights Reserved