WEST LOOP 4650SF Rest, w/ Large OUTDOOR PATIO and Parking Lot. Business For Sale in Chicago, Illinois

WEST LOOP 4650SF Rest, w/ Large OUTDOOR PATIO and Parking Lot.

Food and Beverage - Restaurants | Food and Beverage - Bars and Taverns

Asking Price:	$750,000	Inventory:	$15,000 **
Gross Revenue:	$1,150,000	Real Estate:	n/a
Cash Flow:	Not Disclosed (comments below)	FF&E:	$300,000 ++
++ included in the asking price not** included in the asking price
Cash Flow Comments: Not DIsclosed

This is a great casual restaurant with a retro feel decor, comfort food, affordable prices. It has a loyal neighborhood and student following for lunch, dinner, drinking, sports and private party business. It also has a very large and popular outdoor patio. This restaurant is only 2 years old and the popularity and the numbers are climbing. Soon the Sundace Theathers will be built within 1 block of this location. This should increase business significatly and gentrify the area further. This restaurant will be a neighborhood establishment for a long time to come and a real money maker for the patient operator. It has an Incidental Liquor License, Public Place of Amusement License, Outdoor Patio and Food license.

About the Business

Year Established:2007

Employees:18 full time -

Facilities:Unique 4650 SF Retaurant with large outdoor patio and parking lot. 200 Occupancy inside and 77 Occupancy for outdoor patios, 12 car parking lot included in rent/lease. NNN lease w/8 years + one 5 year option total 13 years. It has a 3400SF basement for operations.

Market Outlook and Competition:PROS-Great fast growing WEST LOOP high traffic CORNER location close to UIC University and within 1 Block will be Home of the new SUNDANCE THEATHERS .

About the Sale

Reason For Selling:Owners have 3 restaurants and are nearing retirement age

Seller Financing:Seller will consider, depending on Buyer Credit History

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Business Listed By
Daniel Pedemonte GDP Group View All of My Listings


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