For Sale

Fully-Equipped Restaurant – Chicago’s Popular Lakeview East Neighborhood!

Bring Your Concept To This Ideal Location - No Restrictions - Tons Of Un-tapped Potential

Chicago , IL
Print Listing

Contact

Stephen Ross
Stephen@eatz-associates.com
219-309-3256

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Food Type: Any, Asian, Japanese, Liquor License, Sushi/Poke, Thai

Service Type: Full Service

Business Type: Independent

Sale Type: Asset Sale

Asking Price: $75,000

Gross Sales: $(Asset Sale)

Net Operating Income: $(Asset Sale)

Monthly Rent: $9,616

Lease Expiration: 11/2027

Lease Options: One 5-Year Option

Year Established: 2015

Owner Operated: Yes

Seller Financing: No

Summary:

Currently offering amazing authentic Korean cuisine.

Full service. Dine-in or out, takeout and 3rd party delivery.

Quality build-out. Rustic yet elegant interior. Large expansive windows let in tons of natural light. Fully-equipped well-maintained kitchen. Fenced-in sidewalk patio. Ample street and lot parking.

Independent - no royalty, advertising or transfer fees. Asset sale - all furniture, fixtures and equipment (FF&E) included. Owner operated - general manager.

Bring your concept to this ideal location! No restrictions!! Tons of un-tapped potential!!!

Feel free to stop by the location as a customer first. 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.

Competition:

High profile location. A main intersection. HOT corner. Great area. Walker’s paradise!

Growth and Expansion:

Perfectly situated in a thriving sought-after community on the northside of Chicago. Made up of a dense commercial and residential area with over 100,000 residents. The largest neighborhood in Chicago in terms of population. Also, an affluent neighborhood with a median home value of $431,000+ and an average household income of $126,000+. Has been named by Money Magazine as #3 of its top 10 big-city neighborhoods for its selection of “Best Places To Live”!

Location:

Prime corner retail space in a gorgeous freestanding building at a highly trafficked intersection (a HOT corner) in Chicago’s popular Lakeview East neighborhood. On a major thoroughfare lined with restaurants and retailers, plus high traffic counts.

County: Cook

Facilities:

Lease Information: Leased space $9,616/mth gross. Current lease expires Nov 2027 with one 5-year option. And no increases in rent for the first 5 years!

Square Feet: 2,000.

Seating: 50 Inside & 25 Outside.

Days/Hrs of Operation: Daily 11:30a-9:30p.

Real Estate: Leased.

Value of FF&E: Included In Asking Price (Valued at $65,000).

Value of Inventory: $5,000 (Not Included In Asking Price).

Number of Employees: 6.

Support/Training: Negotiable.

Seller Financing Available: No.

Reason for Selling: More time with family.

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