Beautiful Fully-Equipped 2-Story Coffee Hse/Sandwich Shop-Lincoln Park

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If you love coffee & want to be your own boss, this is the perfect opportunity..
Asking Price:
$89,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Offering a traditional coffee menu of cortados, pour over coffee and espresso-based beverages, including lattes and cappuccinos. In the warmer months, also a variety of iced teas and their very popular cold brew coffee. Plus, a small delicious breakfast and lunch menu every day. On the weekends, a limited brunch menu available for sit down or takeaway.

Simple operation - counter service. Well established for more than 7 years. Turnkey. If you love coffee and want to be your own boss, this is the perfect opportunity for you.

Beautiful, modern interior with a cool vibe and relaxed atmosphere. The upstairs loft boasts vaulted ceilings & skylights plus a large window with a spectacular view of Oz Park across the street. Ample seating across 2 floors: 15 on the 1st floor and 35-40 on the 2nd. Comfortable yet stylish tables, chairs and sofas. Also a spotless fully utilized basement for storage and office. Impressive rustic exterior features an all brick façade, tiled roof, iron balconies and a cobble stone patio out front overlooking the fountain across the way. Free WI-FI.

Independent, no royalty, advertising or transfer fees. Family owned and operated. Also no financials - asset sale. Keep the current concept or make it your own.

Prime retail space in Lincoln Park, an affluent neighborhood on the north side of Chicago situated directly west of Lake Michigan. Popular with students, young professionals, married couples and families. A thriving community with world class art, entertainment, dining and shopping, as well as a mecca for sporting and recreational activities in its 1,200-acre park.

This amazing coffee house & sandwich shop is conveniently located in a vibrant area filled with eclectic shops, restaurants, services and parks that draws residents, workers, students, families, commuters and travelers alike. Other popular nearby tenants include Four Farthings Tavern, Stanley's Tap, Gemini Restaurant and Carnival Grocery. Plus, there are local festivities every month including performances, parades, festivals, special events and so much more. It's also just a 1/2 mile from the DePaul campus. Lots of free street parking available.

Major Equipment Included:
La Marzocco Linea PB espresso machine
Millcreek 33" display refrigeration unit
True under counter refrigeration TUC-60-LP
True under counter freezer TUC-48F-LP
True sandwich/salad prep refrigerator TSSU36-12M-B
72" 3 compartment sink
Burton Induction burner
Mazzer Robur grinder
Mazzer Mini grinder
Fetco CBS 2032e
Curtis CGC gold cup brewer
True T-23 refrigerator x 1
Wisco 1/4 sheet convection oven
Toaster 2 slice
Miscellaneous storage & cooking supplies

Electronics Included:
Square register system with IPad
Stereo receiver
Linksys wireless router x 2
Speaker selector
Pandora music receiver
Ecobee thermostat with 1 sensor
Bose speakers x 2
In-ceiling speakers x 4

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.

Listed by Ted Aretos at EatZ & Associates

About the Business

Year Established:
2011
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
1,187
Lease Amount/Mo.:
$3,554.00
Lease Expiration:
1/1/2021
Facilities:
Leased space $3,554/mth all in. Current lease expires Jan 2021 with one 5-year option (flexible landlord). Square Feet: 1,187. Seating: 55 Inside + 20-25 Outside. Hrs Of Operation: Mo-Th 7a-6:30p & Fr 7a-7p & Sa 8a-7p & Su 8a-5p (no late nights).
Market Outlook/
Competition:
Perfectly situated in the heart of Lincoln Park with heavy foot traffic. Located on the site of a former coach house and car port. Built new from the ground-up, completed in 2008. This sophisticated coffee bar is the first and only tenant of the property. A modern interpretation of the traditional European coffeehouses of Vienna & Paris. Phenomenal space both inside and out. Beautifully built-out and fully-equipped with brand name top-of-the-line equipment. Coveted patio.

Great neighborhood spot to work, study, read, play a game, listen to music or meet up with friends. Known for serving the very best in handcrafted coffee, espresso, tea and eats from locally sourced vendors. A higher quality alternative to the chain stores. There is no other coffee house/sandwich shop like this in the area!
Growth & Expansion:
A real gem. Ideal location. Local favorite. The current ownership has NOT spent any money advertising the business. A new owner could easily expand the current customer base easily by increasing its offerings, catering to nearby businesses, adding signage to the building and implementing social media advertising. Can also expand the use of the 2nd floor space for private events, business meetings, luncheons, bridal showers, birthday parties, post-wedding brunches, condo board meetings, brewing classes and more.
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About the Sale

Reason For Selling:
Focusing on other businesses.
Training/Support:
One week comprehensive on-site training, if needed.
Seller Financing:
Possibly, to a well-qualified buyer with substantial down.

Listing Info

ID:
1503508
Ad Detail Views:
181

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Business Listed by

Ted Aretos

EatZ & Associates

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Sponsoring Broker:

Tom Traina
EatZ & Associates

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