50-Year Established Fast-food Restaurant - Freestanding Corner Location For Sale

Property Information

Real Estate:

Lease

Lease Terms:

Lease Information: Leased space $4,900/mth gross. The seller/landlord will provide a new lease with options.

Attractive new lease opportunity - the landlord will enter into a new lease directly with the buyer at $4,900 per month all-in, including real estate taxes and insurance pass-throughs, with negotiable lease terms and renewal options.

Lease Security Deposit: Negotiable.

Location:

Premier Suburban Downtown Corner Space

Prime freestanding corner restaurant in a well-established northwest suburb featuring its own private 21-space parking lot, a significant advantage for customer convenience, carryout and delivery pickup. Plus, prominent signage, excellent exposure and convenient access from surrounding residential and commercial neighborhoods.

Perfectly situated along 2 heavily traveled commuter corridors, including a major highway and a major connecting roadway carrying ~23,000 vehicles daily near the intersection.

And its proximity to a busy Metra commuter station, thriving downtown district, neighborhood businesses, offices and residential communities creates multiple sources of customer traffic.

Strong demographics: ~132,862 residents within 3 miles, with median household incomes of $121,027 within 1 mile and $106,557 within 3 miles.

Premises Details:

Year Established: 1976 (Current Owner 2001).

Seating: 16 Inside & 6 Outside.

Owners Role: Owner operated (father & daughter team) - active day-to-day.

Size in square feet:

1,250

Business Operation

Management type:

This business is owner operated.

Expansion Potential:

Longtime Area Gem

Strong name recognition. Staple in the community. Its proven menu performs well across multiple dayparts including breakfast, lunch, dinner and takeout. Loyal customer base. Tons of regulars. Built in demand from generations of operations.

Multiple opportunities for an energetic new owner:

• Keep or rebrand preserve the established concept & goodwill or introduce a new fastfood, fastcasual or specialty restaurant concept
• Maximize breakfast promote the existing breakfast menu to commuters & surrounding neighborhoods
• Expand operating hours add Sunday service and later evening hours to capture additional dining occasions
• Boost digital marketing develop social media, loyalty programs, targeted promotions & online advertising
• Grow delivery sales establish dedicated 3rdparty delivery storefronts & expand digital ordering
• Increase catering market family meals, party trays & office lunches to nearby businesses, schools & residents
• Explore additional revenue potential beer & wine service + video gaming

A rare combination of longevity, goodwill, freestanding visibility, dedicated parking and concept flexibility. Ideal for an experienced restaurant operator, family business or entrepreneur seeking an established location without starting from scratch.

Competition / Market:

Outstanding Reputation

Authentic Greek and classic Chicago-style favorites complemented by other popular comfort foods. Fresh and delicious. Flavorful and well-seasoned. Top-quality and local-sourced ingredients. Something for everyone. Famous for their gyros. Also, well-known for their easy ordering and fast friendly service.

An Institution In The Neighborhood

This longstanding neighborhood institution benefits from 50 years of market recognition and a loyal following that newer competitors must work to establish. Its diverse Greek, American and Mexican menu appeals to families, commuters, local employees and customers seeking convenient, affordable meals.

Its surrounding affluent, densely populated trade area supports demand for convenient dining, while the restaurant's reputation for generous portions and personalized service helps distinguish it from national fast-food chains and newer independent operators.

Reasons for selling:

Retiring.

Trading hours:

Mo-Sa 9a-8p (Closed Sundays)

Employees:

1 Part-Time

Years established:

50 Years

Other Information

Support & training:

Negotiable on-site comprehensive training.

Financing available:

No.

Furniture / Fixtures value:

$50,000 - included in the asking price

Inventory / Stock value:

$2,500

Related Documents:

•   Business Information