Listings

Summary:

Exceptional opportunity to acquire a highly profitable, nationally recognized gastrobar franchise in near downtown Chicago, IL!

Established in 2015, this popular full-service bar and restaurant generates impressive sales and cash flow with absentee owners and experienced management in place.

Its vibrant neighborhood destination combines an extensive draft beer selection, handcrafted martinis, signature cocktails, happy hour specials and late-night entertainment along with upscale casual American dining. Alcohol accounts for ~55% of sales, providing a strong beverage-driven revenue stream.

This beautifully designed restaurant features a massive wraparound bar with a newer quartz countertop, 58 draft beer handles, 27 bar stools, 10 large-screen TVs and 4 roll-up garage doors opening to a 40-seat outdoor patio. Contemporary industrial-style finishes, exposed brick, high ceilings and expansive windows create an inviting, energetic atmosphere.

Featuring a spacious 4,928 sqft main floor plus basement, with seating for 149 indoors and 40 outdoors. Its fully equipped commercial kitchen includes an 18ft hood, multiple fryers, flat-top grill, 6-burner range, prep refrigeration and extensive equipment. The basement features a keg cooler, large walk-in coolers, walk-in freezer and additional storage.

A highly successful absentee-owned operation! Established franchise systems, trained staff, national marketing, brand recognition and franchisor training provide a turnkey opportunity for a qualified buyer.

This is a HIGHLY confidential listing. If interested, please complete the short Contact Form on the right or email Ted Aretos at Ted@eatz-associates.com or call 815-761-8334 for more information. Showings by appointment only outside of business hours.

Competition:

A well-established national gastrobar concept with strong brand recognition, an extensive beverage and food menu, plus nearly 11 years of operating history. Its multiple revenue streams include lunch, happy hour, dinner and late-night dining, plus takeout and delivery.

Strategically positioned in a densely populated downtown Chicago market with a diverse customer base, significant university and institutional activity and excellent access to public transportation.

Strong bar sales, outdoor seating and an established local following help distinguish this operation from traditional casual drinking and dining competitors!

Growth and Expansion:

Excellent opportunity for a hands-on owner-operator to further increase profitability through active management, enhanced labor efficiencies and local marketing.

Expand group dining, private events, corporate functions and university-related gatherings as well as catering. And a substantial opportunity to grow online ordering and delivery, currently representing only ~3.5% of sales.

Further capitalize on its extensive draft beer system, cocktail program, happy hour promotions, sports viewing and late-night business, in addition to its 40-seat patio in the warmer months.

Loyalty programs, operational support and national franchise marketing provide additional opportunities to build on an already highly successful business!

Location:

Strategically located on Chicago's vibrant near west side, just minutes from downtown, in a thriving mixed-use urban neighborhood surrounded by residential developments, universities, medical facilities, offices, restaurants and retail.

Benefits from substantial pedestrian activity, nearby public transportation, convenient expressway access and a built-in customer base of students, professionals, neighborhood residents and visitors.

Located within a thriving urban trade area featuring a dense population, attractive household incomes and a highly educated demographic. Within 3 miles there are 410,804 residents and 216,954 households with a median household income of $116,930!

County: Cook

Facilities:

Lease Information: Leased space $15,986/mth gross (tenant pays gas and other direct utilities; landlord assessment covers certain building services). Current lease expires Nov 2030 with two 5-year options.

Square Feet: 4,928 + Basement.

Seating: 149 Inside & 40 Outside.

Days/Hrs of Operation: Su-Th 11a-12m & Fr-Sa 11a-1a.

Owners Role: Absentee owned and operated with a management in place.

Real Estate: Leased.

Value of FF&E: $400,000 (Included In Asking Price).

Value of Inventory: $30,000 (Not Included In Asking Price).

Number of Employees: 10 Full-Time & 25 Part-Time.

Support/Training: Comprehensive franchisor training which includes classroom and hands-on restaurant operations training, plus on-site support. Covers management, bar and kitchen operations, financial controls, staffing and marketing. Ongoing franchise support is also provided.

Seller Financing Available: No.

Reason for Selling: Pursuing other projects.