High Volume Fast-Casual Mediterranean Restaurant-Chicago's South Loop!

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Owner Financing Available with 50% down
Asking Price:
$240,000

Gross Revenue:
$1,018,807
Cash Flow:
$120,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Serving delicious authentic Mediterranean fare including hummus, tzatziki, saganaki, gyros, pitas, kabobs, baklava, stuffed grape leaves, garbanzo cakes, spinach pie as well as wraps, panini's, salads, burgers, entrees, sides and desserts.

Simple operation - counter service. Dine-in, carry-out and delivery, plus catering. BYOB.

Modern and hip interior. Spacious dining area. Fully-equipped kitchen with a 13ft hood. Ample street and garage parking.

Independent, no transfer, royalty or advertising fees. Well established, family owned & operated for over 10 years!

Prime retail space on highly traveled Michigan Ave with excellent frontage and exposure. Near Columbia College. Perfectly situated just 2 blocks west of the Museum Campus which includes the Field Museum, Adler Planetarium and Shedd Aquarium, plus there's Soldier Field, Burnham Harbor, Northerly Island and the Arie Crown Theatre.

This impressive campus sits on scenic lakefront parklands that are an extension of Grant Park. With 319 acres of green space and recreational fields, Grant Park is known as "Chicago's front yard" and hosts many major city events such as Taste of Chicago, Chicago Blues Festival and Lollapalooza.

The restaurant is also encircled by many existing, as well as, many new high-rise buildings comprised of businesses and residences. The South Loop is a thriving neighborhood of Chicago with a dynamic mix of attractions, parks, history and more.

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 Ted Aretos at EatZ & Associates

About the Business

Year Established:
2009
Number of Employees:
12-15
Real Estate:
Leased
Building Sq. Ft.:
2,000
Rent:
$10,000.00 Per Month
Lease Expiration:
1/17/2021
Facilities:
Leased space $10,000/mth gross. Current lease expires in 2021 with options.

Square Feet: 2,000.

Seating: 50.

Days/Hrs of Operation: Daily 10a-10p, except Su/We til 9p.

Value of FF&E: Included in Asking Price .
Market Outlook/
Competition:
Has been recognized for its outstanding Mediterranean cuisine, excellent service and friendly staff. Known for its modern interpretation of classic Mediterranean dishes. Uses only high-quality ingredients.

Gorgeous build-out. Relaxed atmosphere. Walking distance from the Museum Campus as well as many offices and residences. Boasts excellent vehicle and heavy foot traffic on famed Michigan Ave.
Growth & Expansion:
A cornerstone in the Chicago community. A South Loop favorite. Great neighborhood spot. Conveniently located for both locals and visitors alike. Only a 5-10 minute walk from the Shedd Aquarium, Field Museum and other attractions. Also surrounded by the vast commercial and residential area of the South Loop. Highly rated and recommended, a great reputation to continue to build upon.
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About the Sale

Reason For Selling:
Other interests.
Training/Support:
Two weeks on-site comprehensive training.
Seller Financing:
Yes, with 50% down

Listing Info

ID:
1592279
Ad Detail Views:
0

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Business Listed by

Ted Aretos

EatZ & Associates

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Sponsoring Broker:

Tom Traina
EatZ & Associates
License# 475175390

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