In A Freestanding Building In The Bustling Downtown District Of An Affluent/Densely Populated Close-In Western Suburb
Forest Park, IL
Asking Price: $799,000
Gross Sales: $1,185,356
Net Operating Income: $310,906
Monthly Rent: $(New Lease)
Lease Expiration: (New Lease)
Options: (New Lease)
Year Established: 1977
Owner Operated: Yes
Seller Financing: No
Food Type: Catering Company, Sandwich Shop
Service Type: Fast Casual
Business Type: Independent
Sale Type: Business For Sale

Description:

Opportunity to own and expand catering company all the while paying your overhead with an iconic soup & sandwich shop. Well established in a suburban downtown area right off a major expressway, accessible to all area businesses.

Boasts a large catering business - specializing in corporate gatherings, company picnics, school lunches, park district day camps, city events, cocktail parties and private affairs. Also has contacts in 9 major hospitals, the County Courthouse, as well as preferred catering status with many party venues. Additionally, offers full bar services for events.

Catering liquor license and 2 company vans (1 refrigerated) are just the beginning for
the right owner with the vision to grow this solid business into and even more profitable
one. Includes a loyal staff, with average employment stay of over 10 years. All you have to do is let them do the work while you drive the business.

The restaurant outlet is a well-known iconic soup & sandwich destination known for its homemade food with a BYOB license in place that can be changed to full liquor license if wanted. A one-of-a-kind restaurant serving, lunch and dinner daily. Offering dine-in, carry-out & delivery + catering. Restaurant features a cool retro theme, casual vibe, freezers of grab & go, 2 kitchens, 4 walk-ins and fenced in sidewalk patio. Price also includes hundreds of amazing recipes. Also detailed operational procedures in place.

Sales up year after year, have been consistently increasing every year they have been in business! And 2020 sales YTD are in line with 2019 with everything going on!!

Rent or own. Also, have the option to purchase the property for an additional $849,000. Property boasts 50ft of retail frontage on quaint suburban downtown main street in a stable area which is still growing with additional high-end condos, as well as many townhomes. Property that houses the restaurant outlet also includes 3 rental units, so the overhead is covered leaving room to expand the catering base. The 2 residential & 1 commercial renter total $42,900 in rental income a year. Or can also rent to own!

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 employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

County: Cook
Location:

All in a freestanding building in the bustling downtown district of an affluent/densely populated close-in western suburb of Chicago. Great neighborhood location with tons of vehicle and foot traffic. Ample lot and street parking. Just 10 miles W of Chicago’s loop and minutes from O'Hare/Rosemont. Borders 2 densely populated, affluent villages with a strong following.

Real Estate: Leased
Facilities:

Mixed-use building with restaurant, nail salon and two 2bed/1bath apartments above. Real Estate Taxes $16,656. Total Buildings Square Feet: 6,234. Restaurant Seating: 50 Inside & 16 Outside. Restaurant Days/Hrs of Operation: Mo-Sa 8a-9p & Su 11a-6p. Owners Role: Family owned and operated. Current owners currently hold managerial roles in the business overseeing/supervising managers and employees.

Support/Training: Four weeks on-site comprehensive training.
Value of FF&E: Included in Asking Price
Competition:

No other place like it. Everything made from scratch and fabulous. Quality fresh food at its best. Business has great history and serves legendary food. Are known for their unique, homemade, gourmet creations. Deli food with a unique twist. A true neighborhood 'joint' - simple place with great food and friendly people. A landmark restaurant for its iconic gourmet subs, soups and salads.

Current owners love cooking and creating great recipes with their staff. They have thrived on staying relevant in an ever-evolving market. Robust menu. High quality team of workers. Outstanding delivery. Phenomenal catering presentation. They have taken fast-casual gourmet food to another level. Hands down the best sandwich spot in Chicagoland!

Growth and Expansion:

Offering 43 years of goodwill along with Chicago wide recognition! Famous for their out of this world sandwiches, soups and creativity. A real gem with deep roots in the community. The longest running restaurant in the downtown district. The get-from or go-to sandwich place in the area and all its surrounding suburbs.

Local treasure - huge following. Loved by many for many years. Highly rated and recommended. Great reputation to continue to build upon.

Seller Financing Available: No
Reason For Selling: Retiring.