Ethnic Restaurant

Listing ID: 70053608

Listing Title: Ethnic Restaurant

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Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: Illinois


City: Chicago

Asking Price Range: < $250K

Gross Revenues: $400,000

Cash Flow: $150,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2005

Number of Employees: 1 - 3

Business Description:
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.

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