50-Year Established Fast-Food Restaurant-Freestanding Corner Location!

Cook County, Illinois, United States

Asking Price$149,900

Revenue-

EBITDA-

Cash Flow-

Description

50-Year Established Fast-Food Restaurant Northwest Suburb of Chicago, IL - Freestanding Corner Location! "Own A Longtime Neighborhood Favorite - Fully Equipped - Prime Corner Visibility - Private Parking Lot - Endless Possibilities" Longtime Neighborhood Favorite Rare opportunity to acquire a 50-year established, family-owned restaurant in a highly desirable northwest suburb of Chicago, Cook County! Serving the community since 1976, this longtime neighborhood favorite has built generations of loyal customers through generous portions, quality food, friendly service and exceptional value. Under the same family ownership for 25 years, the business is now available as an asset sale due to retirement. Keep The Current Concept or Bring Your Own The restaurant includes an efficient kitchen, indoor booth seating and seasonal outdoor seating. The sale includes all furniture, fixtures & equipment (excluding the hood/walk-in cooler owned by landlord and gyros machines/Pepsi station owned by vendors), existing build-out, trade name, recipes and goodwill. No financials. Continue the established Greek-American fast-food concept and capitalize on decades of customer recognition, or bring your own restaurant concept to this fully equipped, freestanding location! Versatile Menu & Outstanding Reputation The restaurant currently features a versatile menu of signature gyros, Greek specialties, Chicago-style hot dogs, Italian beef, burgers, tacos, burritos, breakfast favorites and more. Its counter-service format supports dine-in, carryout, online ordering and delivery pickup, with multiple revenue opportunities throughout the day. Boasts an outstanding customer reputation. Rated 4.5 stars on Google with over 575 reviews and 4.4 stars on Yelp, customers consistently praise the generous portions, flavorful gyros, friendly family service and affordable prices. Plus, the business's established website and online ordering platform provide additional value for a buyer continuing the concept. Location: Premier Suburban Downtown Corner Space Prime freestanding corner restaurant in a well-established northwest suburb featuring its own private 21-space parking lot, a significant advantage for customer convenience, carryout and delivery pickup. Plus, prominent signage, excellent exposure and convenient access from surrounding residential and commercial neighborhoods. Perfectly situated along 2 heavily traveled commuter corridors, including a major highway and a major connecting roadway carrying ~23,000 vehicles daily near the intersection. And its proximity to a busy Metra commuter station, thriving downtown district, neighborhood businesses, offices and residential communities creates multiple sources of customer traffic. Strong demographics: ~132,862 residents within 3 miles, with median household incomes of $121,027 within 1 mile and $106,557 within 3 miles. This is a HIGHLY confidential listing. If interested, please email Tim Ryan at [email protected] or call 847-343-1332 for more information. Showings by appointment only outside of business hours.

Real Estate

Rent is $4,900 per month

Building Size: 1250 sq. ft.

Furniture Fixtures & Equipment

$50k

Inventory

$3k

Number of EmployeesPart-Time: 1

Year Established

1976

Reason Selling

Retiring.

Facilities & Assets

Owners Role: Owner operated (father & daughter team) - active day-to-day. Square Feet: 1,250. Seating: 16 Inside & 6 Outside. Days/Hrs of Operation: Mo-Sa 9a-8p (Closed Sundays). Year Established: 1976 (Current Owner 2001). Lease Information: Leased space $4,900/mth gross. The seller/landlord will provide a new lease with options. Attractive new lease opportunity - the landlord will enter into a new lease directly with the buyer at $4,900 per month all-in, including real estate taxes and insurance pass-throughs, with negotiable lease terms and renewal options.

Support & Training

Negotiable on-site comprehensive training.

Market & Competition

Outstanding Reputation Authentic Greek and classic Chicago-style favorites complemented by other popular comfort foods. Fresh and delicious. Flavorful and well-seasoned. Top-quality and local-sourced ingredients. Something for everyone. Famous for their gyros. Also, well-known for their easy ordering and fast friendly service. An Institution In The Neighborhood This longstanding neighborhood institution benefits from 50 years of market recognition and a loyal following that newer competitors must work to establish. Its diverse Greek, American and Mexican menu appeals to families, commuters, local employees and customers seeking convenient, affordable meals. Its surrounding affluent, densely populated trade area supports demand for convenient dining, while the restaurant's reputation for generous portions and personalized service helps distinguish it from national fast-food chains and newer independent operators.

Growth Opportunities

Longtime Area Gem Strong name recognition. Staple in the community. Its proven menu performs well across multiple dayparts including breakfast, lunch, dinner & takeout. Loyal customer base. Tons of regulars. Built in demand from generations of operations. Multiple opportunities for a new owner: -Keep or rebrand - preserve the established concept & goodwill or introduce a new fast-food, fast-casual or specialty restaurant concept -Maximize breakfast - promote the existing breakfast menu to commuters/surrounding neighborhoods -Expand hours - add Sunday service & later evening hours to capture additional dining -Boost digital marketing - develop social media, loyalty programs, targeted promotions & online advertising -Grow delivery sales - establish dedicated 3rd-party delivery & expand digital ordering Increase catering - market family meals/party trays/office lunches to nearby businesses/schools/residents -Explore additional revenue - potential beer & wine service + video gaming

Financing Options

No.

Business listed by

Eatz & Associates

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