Unique Lifestyle Destination with Fast Casual Restaurant

Chicago, IL (Cook County)

Unique Lifestyle Destination with Fast Casual Restaurant
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Asking Price: $2,200,000

Cash Flow: $300,000

Gross Revenue: $1,104,000

EBITDA: N/A

FF&E: $250,000

Inventory: $15,000*

Real Estate: $1,450,000

Established: 2006

*not included in asking price.

Unique Lifestyle Destination with Fast Casual Restaurant

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Business Description

This is currently the most unique and profitable business we know of in this price range that also includes 1.45 million in real estate and that has an exceptionally well run semi-absentee/absentee ownership type model.

You are going to love this business as it is a party every day in a very unique way. People who can appreciate ways to de-stress and at the same time have fun with friends are a perfect fit for this business. The business model caters to people who get the health benefits of certain historical Eastern European style relaxation methods while also dining on great food will really be excited about this business.

This business was started by a seasoned professional with long-term experience in the restaurant and other related industries. This owner has an unparalleled reputation and the knack for fine-tuning his business entities to enhance the profitability as much as possible for each given circumstance.

This business is very unique and nothing else exactly like it even exists in the entire greater Chicago Metro area or even Midwest Region. There are a few other businesses that operate in a very similar way to an extent and would be considered competitors in the broad sense, though their proximity, size, and model make them a non-issue as they are more cost prohibitive to operate and have less to offer the customer. This business model has multiple income streams that allow for a somewhat diverse revenue model as compared to most models related to food & beverage, retail, recreation, on-site services, etc.

The business is housed in a building owned by the current operator/owner of the business and the interior space is approximately 4200 sq ft. The interior is divided into two distinct sections where a fast-casual style restaurant operates as a part of the business and serves as one key revenue stream and the other portion of the business is devoted to widely sought after recreation and relaxation facilities and/or services. The attached real estate accommodates approximately 20 cars on-site with ample street parking. The location is also conducive to public transportation.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,200
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is housed in a building owned by the current operator/owner of the business and the interior space is approximately 4200 sq ft. The attached real estate accommodates approximately 20 cars on-site with ample street parking. The location is also conducive to public transportation as it is a major thoroughfare.
Competition:
This business is very unique and nothing else exactly like it even exists in the entire greater Chicago Metro area or even Midwest Region. There are a few other businesses that operate in a very similar way to an extent and would be considered competitors in the broad sense, though their proximity, size, and model make them a non-issue as they are more cost prohibitive to operate and have less to offer the customer.
Growth & Expansion:
The current owner just raised the menu prices and also other pricing that a new owner will benefit from to an even greater extent in 2018. During the transition period, the current owner will advise a new owner as to other potential areas to explore in terms of additional services or options from an operational standpoint. Marketing and advertising is one area that a savvy new owner can take better advantage of to enhance local exposure and to develop continual traffic.
Support & Training:
Sellers will provide training to a buyer as discussed and agreed during the purchase process.
Reason for Selling:
To semi-retire and start to curtail business activities after decades of success
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(from currently available funds)
 
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Dennis Hansmann

Business Listed By:
Dennis Hansmann

American Business Acquisitions Inc.

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