Business To Buy

Ethnic Restaurant

Chicago, Illinois
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. Sales: $400,000.00 (proj.) Furniture, Fixtures and Equipment Included in Purchase Price: $230,000 Seller?s Disclaimer: The information above was furnished by the seller. Neither Sunbelt of Will and Kendall Counties nor its agents has verified the information and makes no representations as to its accuracy or reliability. For more information, click the Contact Seller link below.

Financials

Price: $170,000
Gross Income: $400,000
Cash Flow: $150,000
FFE: $230,000
Inventory: $10,000
Real Estate Value: $0

About the Business

Office Reference ID: #C193
Year Established: 2005
Financing:
Training:
Facilities: 1600 sq ft.
Competition:
Growth:
Business Listed By
Name: Dana J. Frazier
Company: Sunbelt Business Brokers
Phone: 815-806-8401

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The information in this listing has been provided by the business seller or representative stated above. BusinessToBuy.Net has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

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