Well Established/High Volume Hot Dog & Beef Place - Chicago NW Suburb!

Mount Prospect, IL (Cook County)

Well Established/High Volume Hot Dog & Beef Place - Chicago NW Suburb!

Asking Price:$199,000

Cash Flow:N/A

Gross Revenue:$750,000

EBITDA:N/A

FF&E:$75,000

Inventory:N/A

Rate/Sq. Ft.:$26.84

Established:1989

Well Established/High Volume Hot Dog & Beef Place - Chicago NW Suburb!

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Business Description

Price Reduced!

Serving up local favorites in the northwestern suburbs since 1989. From Chicago-style hot dogs, mouth watering burgers, authentic Gyros to classic Italian beef and much more. In addition to fresh salads, quesadillas, sandwiches and wraps as well as ice cream, shakes and floats. Kids menu. Daily specials. Plus, wine and 6 craft beers on tap!

Fully equipped kitchen. Simple operation. Ample seating inside and out. Remodeled in 2008.

Dine in, carryout and catering with boxed lunches and party platters.

Prime corner retail space in a busy neighborhood strip center along with a pizzeria, sub shop, taco joint, child care, hair & nail salon, cleaners and more. Surrounded by a vast residential area and a large business center and industrial park. Several schools also close by.

Situated in a friendly suburb about 22 miles northwest of downtown Chicago with a population of over 54,000. A vibrant community that boasts award-winning schools, churches, local commerce, shopping and business centers, several park districts, a library, and highly rated Fire and Police Departments. Also features a large business center, home to several major national and international firms including NTN Bearing, Searle, Braun Manufacturing Cummins-Allison Corp, CVS Caremark and more.

Year Established: 1989 (current owner Sep 2015)

Gross Income: $750,000 (averaging $60,000-$65,000/mth)

No financials. Also no advertising, royalty or transfer fees.

Highly confidential listing, please do not discuss with employees or patrons.

Listed by Tom Traina at EatZ & Associates

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
3,800
Lease Expiration:
12/31/2025
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased space $8,500/mth includes rent, CAM, insurance and taxes. Current lease expires in 2025 with the option to renew. Square Feet: 3,800. Seating: 170. Days/Hrs of Operation: Mo-Sa 11a-9p & Su 11a-8:30p.
Competition:
Use the highest quality meats and freshest ingredients. Everything is freshly prepared. The best hot dogs in the northwestern suburbs!
Growth & Expansion:
Community favorite. A neighborhood institution. A popular gathering place for local sports teams. Lunch spot for many co-workers. Family friendly. Lots of regulars for many generations.
Financing:
No
Support & Training:
Two weeks on-site comprehensive training.
Reason for Selling:
Too far from home and family issues.

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Tom Traina

Business Listed By:
Tom Traina

EatZ & Associates

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