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High Volume Breakfast & Lunch Restaurant Lincoln Park, IL - Well Established!

Lincoln Park, Illinois
High Volume Breakfast & Lunch Restaurant Lincoln Park, IL - Well Established!
Asking Price:$259,000
Gross Income: $1,146,325
Cash Flow: $137,436
Monthly Rent: $8,300
Value Of FF&E: $80,000
Real Estate: N/A
Year Established: 1938
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 up traditional comfort food in an old-fashioned diner setting. Offering traditional delicatessen mainstays, along with omelets and a wide range of meat-and-cheese sandwiches, burgers and so much more. Everything house made - roast their own meats!

Breakfast features buttermilk flapjacks, thick French toast and their famous blintzes as well as delicious eggs, skillets, breakfast sandwiches, omelets and more. For lunch & dinner there’s also salads, triple decker, deli, grilled & open-faced sandwiches, burgers, great Matzo ball soup and their also famous potato pancakes.

Beverages include coffee, soft drinks, bottled & canned sodas, root beer floats and yummy milkshakes. Plus, a Bloody Mary Bar (build your own) Mimosas made with fresh squeezed orange juice, spiked shakes, wine and ice cold bottled beer.

A full-service sit-down restaurant. Breakfast (served all day), lunch and dinner. Dine-in, carry-out and delivery. Online ordering also available. Participates in nowait - customers can get in line from their phone.

Inviting nostalgic interior. Vintage décor packed with American antiques and memorabilia. Wonderful sidewalk café in the warmer months.

2016 sales up over 6% year over year!

Highly confidential listing, please do not discuss with employees or patrons. Showings by appointment only.

 

Detailed Information

County: Cook

Location: Prime retail space in Lincoln Park, Chicago's historic and much sought after neighborhood! An energetic, thriving area with historic churches, brick row houses, tree-lines streets, peaceful parks along with many bustling business corridors. Offers a variety of retail shops, casual cafes, ethnic restaurants, sweet shops, bars and taverns. In addition to shopping and dining, Lincoln Park is a diverse arts and entertainment destination as well with a plethora of museums, top theaters and live music clubs. Also plenty of natural beauty and outdoors to enjoy. This North Side neighborhood's namesake park is a sprawling 1,208 acres of green space with a free zoo open year-round, a nature museum and conservatory. Plus, lakefront trails and beaches against a backdrop of downtown skyscrapers. A great location with many young urban professionals, recent college graduates and young families. The 2nd wealthiest neighborhood in Chicago!

Facilities: Leased space $8,300/mth all in. Current lease expires in May 2018 with one 5-year option. Square Feet: 2,600. Seating: 75 Inside & 28 Outside. Days/Hrs of Operation: Mo-Fr 8a-3p & Sa 8a-7p & Su 8a-6p (No late nights!)

Competition: A Chicago icon. Award winning last 5 years in a row 2011-2015! Featured on Chicago’s Best. One of the best diners in the city. One of the best meals in Chicago. One of the best breakfasts in the chi town. Best potato pancakes anywhere. Best Reuben ever. Known for their traditional Jewish deli food and modern comfort cuisine, fast delivery and friendly service.

Growth and Expansion: A staple in the neighborhood. Local favorite. Lots of regulars. Popular breakfast, brunch, lunch & dinner spot. Highly recommended. A great reputation to continue to build upon!

Support/Training: Two weeks comprehensive one-site training

Number of Employees: 22

Seller Financing: No

Reasons For Selling: Retiring

Value Of FF&E: $80,000

 

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