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Listed by:

EatZ & Associates

Broker license number: 471021331

High-Volume Bar And Restaurant Franchise In Chicago, IL For Sale

Chicago, Illinois, US
Asking Price:
$3,999,000 Furniture / Fixtures included
Sales Revenue:
$5,277,215
Cash Flow:
$1,530,448

High-Volume Well-Established Bar & Restaurant Franchise Chicago, IL - Sales $5,277,215 & Growing!

"Double-Digit Sales Growth The Last 4 Years!!!!"

A truly unique social gathering place. A neighborhood bar & eatery with handcrafted cocktails, local & regional beers, unique wines and craveable food in an inviting, urban atmosphere.

Offering an amazing menu of bar bites, soups, greens, flatbreads, burgers, sandwiches, wraps, main plates and decadent desserts. Along with their signature handcrafted martinis, cocktails, margaritas, mojitos, spiked sangrias & dessert drinks, mimosas and more.

Full-service. Dine-in, takeout and delivery, plus catering. Serving brunch, lunch, dinner and late night. As well as happy hour. Quick and easy online ordering available. Also ideal for any special event - perfect place to entertain clients, employees, family and friends. And a rewards program.

Interior boasts high ceilings, exposed ductwork, vintage brick, expansive windows, cool concrete floors, exquisite lighting and much more.

The hub of activity centers around their spectacular fully stocked wrap-around bar with 58 beers on tap, 10 large screen tvs and 27 stools. Surrounded by ample seating at comfortable booths, tables, high tops and long community tables. Also, 4 roll-up garage doors that lead to their sidewalk patio in the warmer months!

Also has 3 bar stations and 3 drink soda stations, as well as a soda station in back.

Back of the house features an 18ft hood, 6-burner stove w/oven, flat top grill, 2 deep fryers, 3-well steam table, 2 conveyor toaster ovens, microwave, refrigerated prep tables, reach-in cooler, reach-in freezer, extra-large ice machine, POS system and more.

Plus, the basement has another reach-in cooler & freezer, walk-in keg cooler, walk-in cooler, walk-in freezer and more.

Well established location for over 10 years. Absentee owned - turnkey. Can remain a franchise or can convert to an independent bar & restaurant.

Sales breakdown - 55% liquor / 45% food. Profit margin 29.3%. And double-digit sales growth the last 4 years!!!!

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please click on the orange Contact Broker button on the right to complete the short contact form. Showings by appointment only outside of business hours.

Listed By EatZ & Associates

Property Information

Real Estate:

Lease

Lease Terms:

Leased space $15,600/mth gross (also includes all utilities). Current lease expires 2029 with two 5-year options.

Location:

Prime corner retail space in a popular mixed-use development on the near west side of Chicago. Close to the University of Illinois at Chicago, Illinois Medical District and Central Business District. Features a range of retail stores, boutiques and specialty shops, as well as numerous restaurants, cafes and eateries. Also, entertainment venues such as movie theaters, bars and performance spaces. Plus, hosts community events, festivals and seasonal celebrations throughout the year.

And it's just minutes away from everything: downtown, museum campus and the lake, art museums and public transportation. Plus, near many new housing and retail developments. And surrounded by several sought-after well-established neighborhoods including Little Italy, Greektown, Near West Side, Near South Side, Pilsen and Chinatown. Plus, enjoys easy access from I-90/94, I-290 and I-55 making it convenient for both residents and visitors alike!

Premises Details:

Year Established: 2015.

Seating: 149 Inside & 40 Outside.

Owners Role: Absentee owned.

Size in square feet:
5,915 + Basement

Business Operation

Management type:
This business has absentee ownership.
Expansion Potential:

Opened its 1st location in the trendy River North neighborhood of Chicago in 1990. Quickly became a Chicago favorite with its oversized sandwiches and handcrafted specialty martinis. Began franchising in 2001, are now nationally recognized with over 134 locations across the county (8 in the Chicagoland area). They have taken the bar experience to new heights, attracting an affluent 21-44-yr-old crowd that enjoys premium cocktails, local brews, great food and hanging with friends. A brand has deep Chicago roots. And loyal guests!

Competition / Market:

The nation’s hottest gastrobar. A new American bar & restaurant serving exceptional drinks and made-from-scratch pub fare. A comfortable place to hang out, get great handcrafted drinks, scratch food, awesome music and the best service. Plus, many TVs to catch all the games or keep up on current events. The best place to eat, drink and celebrate. Serving shareable, mouthwatering, chef-inspired grub, craft cocktails and local beers. All in a free-spirited space where you can seat yourself. Their motto - “Eat. Drink. Be Happy”.

Reasons for selling:

Other projects.

Trading hours:

Su-Th 11a-12m & Fr-Sa 11a-1a

Employees:
35 (10 Full-Time & 25 Part-Time)
Years established:
10 Years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Royalty/Ad Fees: 5% / 1.5%

Transfer Fee: $5,000

Other Information

Support & training:

Two-four weeks management training.

Financing available:

No

Furniture / Fixtures value:
$400,000 - included in the asking price
Inventory / Stock value:
$30,000
Related Documents:

Listed by

EatZ & Associates

Broker license number: 471021331

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