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

Chicago Western Suburb, Illinois
Landmark Catering Business With Restaurant Outlet Chicago Western Suburb + Property With 3 Rental Units!
Asking Price:$1,648,000
Gross Sales: $1,219,883
Cash Flow: $351,729
Value Of FF&E: Included In Asking Price
Real Estate: Owned
Year Established: 1977
Status: For Sale

Contact Details

Contact Name: Pat Mahoney

Contact Email: sales@eatz-associates.com

Contact Phone: 847-208-9569

Contact Fax: 888-673-3045

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Business Description

Opportunity to own and expand catering company all the while paying your overhead with an iconic soup & sandwich shop. Well established in a suburban downtown area right off a major expressway, accessible to all area businesses. The property also includes 3 rental units for additional income!

Boasts a large catering business - specializing in corporate gatherings, company picnics, school lunches, park district day camps, city events, cocktail parties and private affairs. Also has contacts in 9 major hospitals, the County Courthouse, as well as preferred catering status with many party venues. Additionally, offers full bar services for events.

Catering liquor license and 2 company vans (1 refrigerated) are just the beginning for the right owner with the vision to grow this solid business into and even more profitable one. Includes a loyal staff, with average employment stay of over 10 years. All you have to do is let them do the work while you drive the business.

The restaurant outlet is a well-known iconic soup & sandwich destination known for its homemade food with a BYOB license in place that can be changed to full liquor license if wanted. A one-of-a-kind restaurant serving, lunch & dinner daily. Offering dine-in, carry-out & delivery + catering. Restaurant features a cool retro theme, casual vibe, freezers of grab & go, 2 kitchens, 4 walk-ins and fenced in sidewalk patio. Price also includes hundreds of amazing recipes. Also detailed operational procedures in place.

Rent or own. Or rent to own! Business and/or property are available. Property boasts 50ft of retail frontage on quaint suburban downtown main street in a stable area which is
still growing with additional high-end condos, as well as many townhomes. Property that houses the restaurant outlet also includes 3 rental units, so the overhead is covered leaving room to expand the catering base. The 2 residential & 1 commercial renter total $42,900 in rental income a year!!

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

Also, the option to purchase ONLY the catering business and restaurant outlet for $799,000 and lease its space.

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: All in a freestanding building in the bustling downtown district of an affluent/densely populated close-in western suburb of Chicago. Great neighborhood location with tons of vehicle and foot traffic. Ample lot and street parking. Just 10 miles W of Chicago’s loop and minutes from O'Hare/Rosemont. Borders 2 densely populated, affluent villages with a strong following.

Facilities: Mixed-use building with restaurant, nail salon and two 2bed/1bath apartments above. 2018 Real Estate Taxes $16,656. 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. Business has great history and serves legendary food. Are known for their unique, homemade, gourmet creations. Deli food with a unique twist. A true neighborhood 'joint' - simple place with great food and friendly people. A landmark restaurant for its iconic gourmet subs, soups and salads. Current owners love cooking and creating great recipes with their staff. They have thrived on staying relevant in an ever-evolving market. 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: Offering 43 years of goodwill along with Chicago wide recognition! Famous for their out of this world sandwiches, soups and creativity. A real gem with deep roots in the community. The longest running restaurant in the downtown district. The get-from or 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: Four weeks on-site comprehensive training.

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

Reasons For Selling: Retiring.

Gross Sales: $1,219,883

Value Of FF&E: Included In Asking Price

 

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