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Longstanding Fast-Food Breakfast & Lunch Restaurant Chicago-56 Years!

Chicago, IL
listing image
Asking Price:$199,000
Gross Revenue:$510,206
Rent:$5,340/Month
Cash Flow:$108,000
Inventory:$5,000
Established Year:1968
Listing ID: 2300746Listing provided by BizBuySell
BUSINESS DESCRIPTION

Iconic No-Frills Diner/Fast-Food Joint/Beloved Institution/Staple In Community

Serving delicious Chicago-style favorites. From amazing breakfast sandwiches, omelets, French toast, pancakes and platters to incredible hamburgers, hot dogs, burritos, sandwiches, wraps, fried chicken/shrimp and more. Along with tasty sides, homemade soups and canned/bottled beverages, plus fountain drinks.

Simple operation - counter service. Serving breakfast all day and lunch. Dine-in, carryout, pickup and 3rd party delivery. Online ordering also available.

Striking well-maintained exterior. Light and bright interior featuring expansive windows, a large service counter, open kitchen and ample seating at both booths and tables.

Established over 56 years! And with the current owner for over 7 years. Independent - no royalty, advertising or transfer fees. Semi-absentee owned and operated. Turnkey - longtime well-trained staff in place. 2023 and 2024 sales up - on pace for $556,000 this year!!

Prime retail space in a freestanding building with its own parking lot (in the city!). Boast excellent signage, visibility, access and parking for 18 vehicles, plus ample street parking. As well as heavy foot and vehicle traffic.

Perfectly situated in a sought-after neighborhood of Chicago!

Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.

Listed By Tim Ryan at EatZ & Associates

DETAILED INFORMATION
Location
Chicago, IL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,000
Lease Expiration
31/08/2027
Employees
5
Facilities
Year Established: 1968 (Current Owner 2017). Re-built in 2000. 2,000 sqft freestanding masonry building with 5,000 sqft parking lot. Leased space $5,340/mth gross. Current lease expires Aug 2027 with one 5-year option. SqFt: 2,000. Seats: 52 In & 8 Out. Hrs: Mo-Fr 6a-2:30p & Sa 6a-2p (Closed Su & Holidays). Owners Role: Semi-absentee operated - acting general manager, works 4-5 hours a day. Employees: 3 Full-Time & 2 Part-Time. Value of FF&E: Included In Asking Price (Valued at $60,000). Value of Inventory: $5,000 (Not Included In Asking).
Competition
Iconic no-frills diner/fast-food joint. A true taste of Chicago. Awesome menu. Quality eats. Simple hearty fare. Amazing comfort food. Specializing in homemade food made-from-scratch including dressings and soups. Everything made-to-order. As well as fresh squeezed fruit juices. Fast food cooked right. All in a casual and inviting atmosphere. Well-known for their food and fast friendly service! Ideal location. Conveniently located. Easy parking. Making history since 1968. Famous - several tv dramas have been filmed here!!!
Growth & Expansion
Longtime local favorite. Staple in the community. Beloved institution. The go-to neighborhood place. Area gem. Some of the best food in all of Chicago. THE spot for breakfast & lunch. A must stop for a quick bite. Tons of regulars. Popular with residents, city workers, coworkers, commuters & more. Loyal customer base! Rated 4.6 GrubHub, 4.5 TripAdvisor, 4.3 Google, 4.0 Yelp & more. Highly rated & recommended, great reputation to continue to build-upon for another 50+years! Can also extend hours and/or add menu items to further increase sales
Financing
No.
Support & Training
Two weeks on-site comprehensive training.
Reason for Selling
Retiring.
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Tim Ryan
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