Under Contract

Very High-Volume Well-Established Breakfast & Lunch Restaurant Chicago, IL – McKinley Park Neighborhood!

And Recently Added Artisanal Pizzas To The Menu

Chicago, IL

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Food Type: Breakfast & Lunch/Brunch, Diner, Liquor License, Pizza Place

Service Type: Full Service

Business Type: Independent

Sale Type: Business For Sale

Asking Price: $400,000

Gross Sales: $1,730,528

Net Operating Income: $(Contact For)

Monthly Rent: $10,000

Lease Expiration: (New Lease)

Lease Options: (New Lease)

Year Established: 1963 (Current Owner 1984).

Owner Operated: Yes

Seller Financing: No

Summary:

A popular old school diner. Offering a delicious selection of eggs, omelets, skillets, benedicts, biscuits & gravy, chilaquiles, huevos rancheros, waffles, pancakes, French toast, crepes and more. As well as appetizers, burgers, signature sandwiches, paninis, fresh salads, pastas, flame broiled dinners and desserts. Plus, kids’ menu. And recently added artisanal pizzas to the menu (only one other restaurant is serving pizza in the vicinity)!

Drinks selections include juice, coffee, tea, soda and a fully-stocked service bar.

Full-service restaurant with a full liquor license. Dine-in or out, carryout and 3rd party delivery. Serving breakfast all day, brunch, lunch and now pizza!

Newly remodeled about 3 years ago. - spent over $300,000! Light and bright interior. Large expansive windows, beautiful wooden wainscoting and floors, reflective mirrors, gorgeous tilework, refrigerated dessert display case and more. Ample booth, table and counter seating. And multiple tvs to watch all the games. Also, just added new mixers and a Garland Air Deck pizza oven!

Well established for over 61 years! And with the current owners 40 years! Independent - no royalty, advertising or transfer fees. Family owned and operated with a long-time experienced staff on hand. Well known for their awesome food and impeccable service!

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:

Classic diner. Amazing comfort food. Everything freshly made with the highest quality ingredients. Excellent beverage menu from cappuccinos to mimosas. Freshly squeezed orange juice. Premium Papa Nicholas coffee. Wonderful house made soups and dressings. Now serving mouthwatering pizzas (huge growth potential). Warm and inviting atmosphere.

One of the best restaurants in the neighborhood. Best place on the southside to have breakfast with the family. Best weekend brunch spot. Best diner around. Soon to be the best pizza place in the area!

Growth and Expansion:

Longtime neighborhood favorite sit-down restaurant. Area gem. Staple in the community. Beloved institution. Loyal customer base. Tons of regulars for generations. The “go-to” for good food. Popular with both locals and visitors alike. Proudly serving McKinley Park, Chinatown, Bridgeport, Brighton Park, Archer Heights, Back of the Yards and surrounding communities for over 61 years. Highly rated and recommended, great reputation to build upon for another 60 years!

Can also further increase sales by expanding hours and serving dinner once again!!

Location:

Prime corner retail space in a freestanding building with large covered/fenced-in patio and its own parking lot for 32 vehicles in back. Boasts great signage, visibility, access and parking.

Located on a major thoroughfare lined with restaurants, retailers and services along with high foot and vehicle traffic. Also, surrounded by a dense residential area of homes and two-flats!

Perfectly situated in the heart of a thriving highly-desirable Chicago neighborhood. Across a busy park and the Orange Line to Midway. Ideally located in McKinley Park between Brighton Park and Bridgeport neighborhoods.

County: Cook

Facilities:

Lease Information: Leased space $10,000/mth base (including additional parking). Landlord offering a new 10-year lease with options.

Square Feet: 3,900 + Basement.

Seating: 172 Inside & 56 Outside.

Days/Hrs of Operation: Daily 7a-4p.

Real Estate: Leased.

Value of FF&E: Included In Asking Price (Valued at $300,000).

Value of Inventory: $25,000 (Not Included In Asking Price).

Number of Employees: 22.

Support/Training: One-three months on-site comprehensive training.

Seller Financing Available: No.

Reason for Selling: Other ventures.

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