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Turn-key Columbian Restaurant for Sale

Chicago, IL (Cook County)

Turn-key Columbian Restaurant for Sale
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Asking Price: $410,000

Cash Flow: $150,000

Gross Revenue: $990,000

EBITDA: N/A

FF&E: $91,800

Inventory: $22,000

Rent: $7,000 /Month

Established: 1994

Turn-key Columbian Restaurant for Sale

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Business Description

$1 mil annual revenue + Opportunity for growth

Turn-key authentic Columbian Restaurant and Bar with all the proper permits and licensing that has been operating at the same location for 25 years. The restaurant has a capacity of 120 people and is regarded among the top Columbian restaurants in Chicago and is always at capacity in primetime. Also, the restaurant has more than 500 Five Star reviews online and a great reputation.

Ownership recently remodeled bathrooms and made upgrades to the kitchen.

Attached Documents


Detailed Information

Location:
Chicago, IL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,450
Lease Expiration:
N/A
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Fully quipped kitchen and bar and fully furnished restaurant. Tangible assets valued between $85-100k. Non-tangible assets include food, liquor, music and dancing licenses in addition to trademarked slogans and name.
Competition:
This restaurant is unique in being a full service restaurant that offers authentic Columbian food in addition to having a full bar that also has a popular dance area with live bands and DJs on weekends.
Growth & Expansion:
Tons of growth opportunities, the restaurant is making over $1 mil revenue and it's only open 55 hours a week over 5 days (closed on Mon and Tue). Also, current ownership doesn't do any catering business, private events neither do they offer a happy hour or participate in festivals/ food events. Adding all or some of these will increase revenue considerably.
Support & Training:
Current owner willing to support new ownership in transition including all necessary training.
Reason for Selling:
Retirement
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Business Listed By:
Malek Abdulsamad

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