$750,000.00
Asking Price
Address: Chicago, 60615.
Status: Active
Posting ID: 288197
8/29/24
Description
This Company provides a vibrant environment with live music, a modern American southern-inspired menu, and professional bar offerings that all continue to evolve. With a dedicated customer base and nestled in a busy part of town, this Restaurant has become a staple of the community.
Business location and name will be shared once a qualified Buyer prospect is vetted.
NDA is required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: The business operates from a rented commercial property encompassing 2,800 square feet, with a monthly rent of $6,885. The business has been at this location since 2005, benefiting from its central position in the community, which attracts both walk-in customers and regular patrons.
Significant changes were made to the location upon taking possession, including a complete remodel of the old restaurant into a modern, eclectic space in 2007. The restaurant is permitted to have 99 seats, with 16 available outside during appropriate seasons and 87 indoors, including two large tables that can seat up to 12 guests each.
Competition: The competition in the industry and marketplace is dynamic, with new restaurants frequently entering the scene and competitors attempting to replicate the unique aspects of the business. The competitive landscape is both fierce and intense. To stay ahead of the competition, the Head Chef continually evolves the menu and changes offerings. Additionally, the restaurant benefits from a very loyal customer base and experienced employees.
Growth & Expansion: The Owner recommends continuing to evolve the menu to stay ahead of its competitors or starting a customer loyalty program. The Owner has also suggested a shift of focus to catering and creating a lunch program to increase business during the day.
Financing: TBD if structure and terms are acceptable.
Support & Training: As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason for Selling: The Owner is looking to eventually retire and travel.
To get more information about this American Restaurant - Southern Inspired, Est 2005 business for sale in Chicago please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #288197 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this American Restaurant - Southern Inspired, Est 2005, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.
Contact
Phone: 833-776-6682 Details
Asking Price: $750,000.00
Down: Call/Email
Cash Flow: $373,898.00
Revenue: $2,000,000.00
Area: Chicago
City: Chicago
Attributes:
My Notes About This Listing
Cash flow
Call/Email
Revenue
$2,255,715
Down
Call/Email
Posting: 292197 | Available | 4/15/25
A rare opportunity to acquire a well-established boutique coffee brand with three prime locations in Nevada and Illinois. With a loyal customer base and a reputation for quality, this business offers a unique coffee experience that stands out from major chains.
Asking Price
$1,500,000
Cash flow
$373,898
Revenue
$2,000,000
Down
Call/Email
Posting: 288197 | Available | 8/29/24
This Company provides a vibrant environment with live music, a modern American southern-inspired menu, and professional bar offerings that all continue to evolve. With a dedicated customer base and nestled in a busy part of town, this Restaurant has become a staple of the community.
Asking Price
$750,000
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