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Beloved Longstanding Breakfast & Lunch Restaurant w/Gaming - 35 Years!

Cook County, Illinois, United States
Asking Price$250k
Revenue$744k
EBITDA$74k
Cash Flow$74k
Description
Beloved Longstanding Breakfast & Lunch Restaurant w/Gaming South Suburb of Chicago, IL - 35 Years! "2024 Gaming Revenue (Locations Take) $161,596" A classic long-running breakfast and lunch diner offering breakfast all day including a large variety of amazing omelets, hearty skillets, fluffy pancakes/waffles/French toast and more, along with mouth-watering burgers/melts, tasty sandwiches/clubs and sizzling steaks. Full-service restaurant. Dine-in, pick-up, carryout and 3rd party delivery. Features a large well-maintained and efficient space with expansive windows, hostess stand, refrigerated display case, long open wait station, convenient counter seating for quick service, as well as ample table and booth seating. Plus, a fully-equipped well-organized commercial kitchen set up for high volumes with its 25ft hood, 6-burner stove w/oven, double-stack ovens, three flat tops, two 2-basket deep fryers, large steam table, walk-in cooler, walk-in freezer and much more. In addition to a private gaming area with 6 video gaming machines. 2024 gaming revenue (locations take) $161,596! Well established 35 years. Independent - no royalty, advertising or transfer fees. Owner operated. Prime corner retail space with great signage, high visibility, easy access and ample parking. Perfectly situated on a high-traffic thoroughfare just off the interstate with over 19,600 vehicles per day. Also, a busy service/retail, municipal and light-industrial corridor with constant vehicle flow. Plus, surrounded by a vast residential area! Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only outside of business hours. Listed By Tim Ryan at EatZ & Associates
Real Estate
Rent is $7,225 per month
Building Size: 4200 sq. ft.
Year Established
1991
Reason Selling
Retiring.
Facilities & Assets
Owners Role: Owner operated (active-day-to-day) - hosts and manages the front-of-the house. Square Feet: 4,200. Seating: 125. Days/Hrs of Operation: Daily 6:30a-1:15p (Gaming 6:30a-9p!). Lease: Leased space $7,225/mth gross. Current lease expires May 2027 with two 5-year options.
Support & Training
Negotiable on-site comprehensive training.
Market & Competition
Longtime local favorite. Beloved establishment. Cherished neighborhood diner. Institution in the community. A staple in the area. Loyal customer base. Tons of regulars for generations! Offering a wide range of hearty meals in a welcoming atmosphere. Serving delectable all-day comfort food. A comfortable and family-friendly experience. Well known for their combo specials, big skillets and fast friendly service. Highly rated and recommended, great reputation to continue to build upon. Boasts consistent revenue and profitability!
Growth Opportunities
Currently operating exclusively as a breakfast & lunch establishment (6:30a-1:15p), this restaurant offers significant untapped potential. Its gaming is available till 9p, creating an immediate opportunity to extend food service hours to capture more lunch, as well as dinner traffic to complement its existing gaming business. With the expansion in dining service plus introducing liquor, as well as optimizing food costs, adding events/catering and some local advertising, a new owner could potentially increase their adjusted net income to over $160,000 a
Financing Options
No.
Related Categories
Other Food Business for Sale
Business for Sale in Illinois
Asking Price$250k