Ethnic Restaurant
Location:
United States
->
Illinois
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Chicago
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Rare Opportunity to Own a Wildly Popular Lakeview Eatery with BUZZ (Lakeview Neighborhood, Chicago, Illinois).
Word-of-mouth buzz has been driving hordes of chic and picky diners to this cleverly designed ethnic eatery in the middle of trendy Lakeview.
The perplexingly reasonable prices and the astonishingly good Middle Eastern food are likely responsible for turning first-time gawkers into devoted regulars at this unusual restaurant. Business is good and growing steadily.
Opportunities to buy a hot restaurant in a hot neighborhood don't come up everyday.
So why are the owners selling? For family reasons, completely unrelated to the operation of the business, and that's what is so rare about this business being for sale.
Everything in the operation - the modern dining area architecture, the sleek and efficient kitchens, the contemporary ethnic cuisine - is strictly top-drawer. The replacement cost of the build-out alone would exceed the list price of the restaurant; the build-out is recent and sparkling.
Profits for the business could easily be significantly increased by addition of a liquor license. The current owners do not permit liquor on the premises in observation of their religion's tenets. Contact for more information on this Restaurant for sale.
Financials
Asking Price Range: < $250K
Gross Revenues:
$400,000
Cash Flow:
$150,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $240,000
Seller Financing: Not Disclosed
About The Business
Year Established: 2005
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller will train.
Reason For Selling: Other business to run.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70053608
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