Chicago Modern-American, Southern Inspired Cuisine
Chicago, IL Cook County
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- RE: Chicago Modern-American, Southern Inspired Cuisine
- Contact: Rick Carlson
- License #: 1820673
Quick Facts
| Asking Price: | $750,000 | |
| Annual Revenue: | $2,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $373,898 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $205,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2005 | |
| Employees: | 25 | |
| BBN Listing #: | 952926 | |
| Broker Reference #: | 1282 RESTAURANT |
Business Overview:
This Company provides a vibrant environment with live music, a modern American southern-inspired menu, and professional bar offerings that all continue to evolve. With a dedicated customer base and nestled in a busy part of town, this Restaurant has become a staple of the community.
Business location and name will be shared once a qualified Buyer prospect is vetted.
NDA is required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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Property Features and Assets:
The business operates from a rented commercial property encompassing 2,800 square feet, with a monthly rent of $6,885. The business has been at this location since 2005, benefiting from its central position in the community, which attracts both walk-in customers and regular patrons.
Significant changes were made to the location upon taking possession, including a complete remodel of the old restaurant into a modern, eclectic space in 2007. The restaurant is permitted to have 99 seats, with 16 available outside during appropriate seasons and 87 indoors, including two large tables that can seat up to 12 guests each.
Market Competition and Expansion:
Competition: The competition in the industry and marketplace is dynamic, with new restaurants frequently entering the scene and competitors attempting to replicate the unique aspects of the business. The competitive landscape is both fierce and intense. To stay ahead of the competition, the Head Chef continually evolves the menu and changes offerings. Additionally, the restaurant benefits from a very loyal customer base and experienced employees.
Growth & Expansion: The Owner recommends continuing to evolve the menu to stay ahead of its competitors or starting a customer loyalty program. The Owner has also suggested a shift of focus to catering and creating a lunch program to increase business during the day.
Reason for Selling:
The Owner is looking to eventually retire and travel.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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