Dog N Suds Drive-in Grayslake, IL - Rare Opportunity With Property!

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Established 1963 - Same Owner 23+ Years
Asking Price:
$850,000

Gross Revenue:
$370,609
Cash Flow:
$130,463
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Serving an extensive menu of delicious classic American foods including hot dogs, burgers, chicken, wraps, specialty sandwiches, sides, drinks and floats. Also kids meals.

Dine outside, car hop service or to go. Also call-in orders.

A thriving, successful business for 55 years. Current owner for 23 years. Only open 7 months a year (Late February - Late September) - 5 months of free time! No royalty, advertising or transfer fees. Asking price also includes a concession trailer, currently operated at 3 festivals a year.

Location: Prime retail space in a freestanding building with plenty of parking on busy Center St just west of Route 83.

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 patrons or employees. If interested, contact EatZ for more information. Showings by appointment only.

Listed By Tom Traina at EatZ & Associates

About the Business

Year Established:
1963
Number of Employees:
25 Part-Time
Franchise:
Yes
Real Estate:
Owned
Building Sq. Ft.:
1,700
Facilities:
Property: Approximately 25,000 SqFt ~ 1/2 Acre. Real estate taxes $11,718.

Square Feet: 1,500 + 200 SqFt Basement.

Seating: 30 + Car Spots.

Days/Hrs of Operation: Daily 11a-9p.
Website:
dognsudsgrayslake.com/
Market Outlook/
Competition:
So Dog-Gone Good! An original. A classic drive-in. Fun retro car hop service. One of the few remaining, there are three others in Illinois and fourteen altogether. An iconic part of American culture. Boasts "World Famous" root beer, root beer floats, Coney dogs, Texas burgers and homemade cole slaw. "The World's Creamiest Root Beer." Everything cooked fresh to order. Known for their fast and friendly service. Highly rated and recommended.
Growth & Expansion:
Well established. A stable in the community. Has stood the test of time. A longtime favorite. Lots of regulars for generations. Serving between 65,000 and 70,000 customers every season.
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About the Sale

Reason For Selling:
Retiring.
Training/Support:
Two weeks on-site comprehensive training.
Seller Financing:
Possibly, to a well-qualified buyer with a minimum of $400,000 down.

Listing Info

ID:
1577642
Ad Detail Views:
0

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Business Listed by

Tom Traina

EatZ & Associates
License# 475175390

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U.S. Census Data for Lake County, IL
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Lake County, IL
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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