Under Contract

High-Volume Well-Established Micro-Brewery & Wood-Burning Pizzeria Chicago, IL – Sales Over $1.5 Million!

Serving The Neighborhoods Of Beverly Woods, East Beverly, West Beverly, Kennedy Park, Morgan Park, Mt Greenwood, West Morgan Park & More

Chicago , IL

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Food Type: Bar/Pub/Tavern/Lounge, Brewery, Liquor License, Pizza Place

Service Type: Full Service

Business Type: Independent

Sale Type: Business For Sale

Asking Price: $699,000

Gross Sales: $1,576,744

Net Operating Income: $238,657

Monthly Rent: $9,500

Lease Expiration: (New Lease)

Lease Options: (New Lease)

Year Established: 2016.

Owner Operated: Yes

Seller Financing: Yes

Summary:

An innovative micro-brewery and pizzeria offering beers on tap and to go. Also, available in local stores. Plus, a simple yet phenomenal menu of appetizers, salads, sandwiches, burgers, wood-fired pizzas and desserts.

Full-service taproom (bar/dining room). Dine-in or out and takeout. Online ordering also available. As well as hats, shirts, gift cards and more.

Completely remodeled in 2017. A modern industrial exterior and interior. Exposed rafters, ductwork and electrical. Vintage brick, steel and reclaimed wooden plank walls. Cool concrete floors. Full bar with 12 beers on tap. Reclaimed wooden tables. Tvs to watch all the games. Large expansive windows plus garage door that opens to the sidewalk. Plus, incredible rooftop bar and beer garden with string lights, pergola, umbrellas, ample seating and much more!

Also, a fully-equipped kitchen featuring a wood-burning pizza oven. And on-site brewing facilities that everyone can see!

Well established over 7 years. Independent - no royalty, advertising or transfer fees. Owner operated.

Great foundation to continue to build upon or for other craft breweries looking to expand!!

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.

Business Website: https://www.openoutcrybrewing.com

Competition:

Innovative brewery/pizza kitchen. The perfect combination of small-batch craft beer & wood-fired pizzas. Fresh quality beers brewed on-site. Also a full bar. Exceptional Neapolitan-style pizzas and other grub. Plenty of fun open-air seating options. Plus, live music & planned events. Known for their amazing beer selection, delicious food, awesome vibe & friendly service.

Ideal location. Well maintained building. Cool warehouse setting. A truly creative space. A one-of-a-kind venue. Outstanding rooftop beer garden for spring, summer & fall.

Growth and Expansion:

Local favorite. Neighborhood gem. Staple in the community. Southside treasure. One of the best bars in the city. A beloved spot. A must visit. The new southside tradition. Tons of loyal customers. Warm & welcoming. THE place to hang out with friends, family & co-workers or have a party.

And huge social media following-over 14,000 followers on Facebook, almost 10,000on Instagram & over 1,800 on Twitter.

Rated 4.7 Google, 4.5 TripAdvisor, 4.2 Facebook, 4.0 Yelp & more. Highly rated & recommended, great reputation to continue to build upon!

Location:

Prime retail space in a striking freestanding building on a major avenue/thoroughfare with high traffic counts. Surrounded by many densely populated residential areas of Chicago. Serving the neighborhoods of Beverly Woods, East Beverly, West Beverly, Kennedy Park, Morgan Park, Mt Greenwood, West Morgan Park and more!

County: Cook

Facilities:

Lease Information: Leased space $9,500/mth gross. Landlord/seller will give a new 5-year lease with two 5-year options.

Square Feet: 4,400.

Seating: 200 (Both Inside & Out).

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

Real Estate: Leased.

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

Value of Inventory: 20,000 (Not Included In Asking Price).

Number of Employees: 30.

Support/Training: Open to discuss.

Seller Financing Available: Possibly, to a well-qualified buyer with a minimum of 50% down

Reason for Selling: To pursue other endeavors.

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