Landmark Restaurant w/Catering Biz W Suburb + Property w/Rental Units!

Cook County, IL

Landmark Restaurant w/Catering Biz W Suburb + Property w/Rental Units!
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Asking Price: $1,648,000

Cash Flow: $325,054

Gross Revenue: $1,207,280

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $849,000

Established: 1977

Landmark Restaurant w/Catering Biz W Suburb + Property w/Rental Units!

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Business Description

Rare opportunity to own a well-established highly successful sandwich & soup restaurant and catering business. Located on a thriving destination main street in an historic downtown area. The property also includes 3 rental units for additional income.

This one of a kind restaurant serves breakfast, lunch and dinner daily. Offering dine-in (BYOB), carry-out and delivery to many businesses, 5 local hospitals, a Cook County courthouse and more. Borders 2 densely populated, affluent villages with a strong following.

Plus, large catering business - known for providing delicious food to many of the picnics, corporate catering, school lunches, park districts and day camps. Preferred catering status at many venues in the area. Also offers bar services for events.

Features a cool retro theme, casual vibe, freezers of grab & go, 2 kitchens, 4 walk-ins and fenced in sidewalk patio. Price includes hundreds of amazing recipes. Also detailed operational procedures in place.

Family owned and operated. Current owners currently hold managerial roles in the business overseeing/supervising managers and employees.

Sales up year after year, have consistently increased sales every year they have been in business!

The building also has 2 residential and 1 commercial renter totaling $42,900 in rental income a year!!

Also the option to purchase only the restaurant business for $799,000 and lease its space as well.

Gross Income (2017): $1,164,380 Restaurant + $42,900 Rental = $1,207,280

Prime retail space in a freestanding building on the thriving historic main street in the bustling downtown district of an affluent and densely populated close-in western suburb of Chicago. Ample lot and street parking. Great neighborhood location. Tons of vehicle and foot traffic. Just 10 miles west of Chicago's loop and minutes from O'Hare and Rosemont.

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not discuss with employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

Listed by Ted Aretos at EatZ & Associates / American Realty Network Inc

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
6,234
Facilities:
Property: Mixed-use building with restaurant, nail salon and two 2bed/1bath apartments above. 2017 Real Estate Taxes $16,290. Total Building Square Feet: 6,234. Restaurant Seating: 50 Inside & 16 Outside. Restaurant Days/Hrs of Operation: Mo-Sa 8a-9p & Su 11a-6p. Value Of FF&E: Included in Asking Price.
Competition:
No other place like it. Everything made from scratch and fabulous. Quality fresh food at its best. A classic deli with a unique twist. A true neighborhood 'joint' - simple place with great food and friendly people. Restaurant is known for its unique, homemade, gourmet creations. A landmark restaurant for its iconic gourmet subs, soups and salads. Has great history and serves legendary good food. Current owners love cooking and creating great recipes with their staff. They have thrived on staying relevant in an ever-evolving market. Such a fun place. Robust menu. High quality team of workers. Outstanding delivery. Phenomenal catering presentation. They have taken fast-casual gourmet food to another level. Hands down the best sandwich spot in Chicagoland!
Growth & Expansion:
A solid franchise concept waiting for the next step - YOU! A real gem with deep roots in the community. Famous for their out of this world sandwiches, soups and creativity. The go-to sandwich place in the area and all its surrounding suburbs. Local treasure - huge following. Loved by many for many years. Highly rated and recommended. Great reputation to continue to build upon.
Financing:
Already pre-approved for SBA financing!
Support & Training:
One month on-site comprehensive training.
Reason for Selling:
Retiring.
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(from currently available funds)
 
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Ted Aretos

Business Listed By:
Ted Aretos

EatZ & Associates

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Sponsoring Broker:
Tom Traina

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