Fast Food Restaurant for sale in Chicago, Illinois, NW side
Seller Financing Available
Asking Price:   $179,000Inventory:   $3,500 **
Gross Revenue:   $409,446 (comments below)Real Estate:   n/a
Cash Flow:   $156,000 (comments below)FF&E:   $35,000 ++
++ included in the asking price         ** not included in the asking price
Gross Revenue Comments: Seller is happy to meet & discuss all details
Cash Flow Comments: seller is happy to meet & discuss all details
Sale includes: The entire business, equipment & fixtures. Price reduced!!

North/Northwest side of Chicago Fastfood Restaurant. Here’s your chance to buy a fast food style restaurant in a great location. There are 40,100 cars driving past this restaurant each day. This fast food style restaurant offers carry out, delivery and a small dining room with about 25 seats. The current owner is in the process of opening another fast food restaurant and no longer has time to manage this restaurant. This fast food restaurant just opened for business in July of 2008 and is already averaging approximately $31,000 per month in sales. With spring and summer approaching, sales are increasing. The warmer weather causes foot traffic to dramatically increase. Another reason for the increasing sales is the excellent food they serve. Fast food restaurants are notorious for having inferior food quality. This is not the case here. The owner states that approximately 80% of the gross sales are cash sales and approximately 20% are credit card sales. The restaurant is located at a very busy intersection on the North/Northwest side of Chicago. There are over 40,100 cars driving through the intersection each day. Aside from finding a good location with high traffic counts, cheap rent, and plenty of parking, the most difficult aspect of opening a fast food restaurant is developing delicious food recipes. This has already been done for you. The current owner works +/- 15 hours per week. There are approximately 25 seats and an oversized office with a shower and a private bathroom. The office can be converted to additional storage space or additional seating. Also, while most businesses are struggling in 2009 because of the economy and reductions in consumer spending, this business has seen an increase in sales. The average monthly gross sales are $31,785.81 and increasing each month. March 2009 sales were $30,191.30. April 2009 sales were $
About the Business
Year Established:2008
Employees:5 full time - 2 part time
Facilities:The lease expires in May of 2023. The Gross Rent is currently $1,650.00/month & includes water & trash removal. The rent increases to $1,750.00/month in June of 2011. The space is approximately 2,200 square feet. There are +/- 25 seats & +/- 25 parking spaces plus street parking.
Market Outlook and Competition:This business has superior food quality which is why sales are growing in 2009.
About the Sale
Management Training and Support:Yes, the seller is happy to provide as much training as needed and as agreed during the purchase process.
Reason For Selling:To go back to school overseas.
Seller Financing:Seller may consider a small amount of financing with a extremely qualified & experienced buyer.

KEYWORDS: Carry out, Delivery, Pizza, Food, Fast food, Deli, Sandwiches, Subs, Submarines, Sub Sandwiches, Sandwich, Lunch, Dinner, BBQ, Restaurants, Cafes, Cafe, Coffee Shops, coffee, Breakfast, Snack, Soda, Dining, Dining Room, Eat, Eatery, Great Food, Restaurant, Beer, Liquor, Neighborhood, burgers, hotdogs, salads, cafeteria, Sandwiches, Soda


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Seller ID:010510
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Business Listed By
Dennis Hansmann or Tony Gavros  |  American Business Acquisitions, Inc.
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