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High Volume Breakfast & Lunch Restaurant Lincoln Park, IL - Well Established!
Lincoln Park, Illinois

Asking Price

$259,000

Office Listing #

FD C IL
Revenue $1,146,325 / year Lease Rent $8,300 / month
Cash Flow $137,436 / year Square Feet 2,600
Direct Link www.restaurants-for-sale.com/26870

    

Serving up traditional comfort food in an old-fashioned diner setting. Offering traditional delicatessen mainstays, along with omelets and a wide range of meat-and-cheese sandwiches, burgers and so much more. Everything house made - roast their own meats! Breakfast features buttermilk flapjacks, thick French toast and their famous blintzes as well as delicious eggs, skillets, breakfast sandwiches, omelets and more. For lunch & dinner there’s also salads, triple decker, deli, grilled & open-faced sandwiches, burgers, great Matzo ball soup and their also famous potato pancakes. Beverages include coffee, soft drinks, bottled & canned sodas, root beer floats and yummy milkshakes. Plus, a Bloody Mary Bar (build your own) Mimosas made with fresh squeezed orange juice, spiked shakes, wine and ice cold bottled beer. A full-service sit-down restaurant. Breakfast (served all day), lunch and dinner. Dine-in, carry-out and delivery. Online ordering also available. Participates in nowait - customers can get in line from their phone. Inviting nostalgic interior. Vintage décor packed with American antiques and memorabilia. Wonderful sidewalk café in the warmer months. Location: Prime retail space in Lincoln Park, Chicago's historic and much sought after neighborhood! An energetic, thriving area with historic churches, brick row houses, tree-lines streets, peaceful parks along with many bustling business corridors. Offers a variety of retail shops, casual cafes, ethnic restaurants, sweet shops, bars and taverns. In addition to shopping and dining, Lincoln Park is a diverse arts and entertainment destination as well with a plethora of museums, top theaters and live music clubs. Also plenty of natural beauty and outdoors to enjoy. This North Side neighborhood's namesake park is a sprawling 1,208 acres of green space with a free zoo open year-round, a nature museum and conservatory. Plus, lakefront trails and beaches against a back of downtown skyscrapers. A great location with many young urban professionals, recent college graduates and young families. The 2nd wealthiest neighborhood in Chicago! Year Established: 1938 (current owners 1967 - 30 years!) Lease Information: Leased space $8,300/mth all in. Current lease expires in May 2018 with one 5-year option. Days/Hrs of Operation: Mo-Fr 8a-3p & Sa 8a-7p & Su 8a-6p (No late nights!) Value of FF&E (Included in Asking Price): $80,000. Training: Two weeks comprehensive one-site training. Seller Financing: No. Competition/Market: A Chicago icon. Award winning last 5 years in a row 2011-2015! Featured on Chicago’s Best. One of the best diners in the city. One of the best meals in Chicago. One of the best breakfasts in the chi town. Best potato pancakes anywhere. Best Reuben ever. Known for their traditional Jewish deli food and modern comfort cuisine, fast delivery and friendly service. Growth & Expansion: A staple in the neighborhood. Local favorite. Lots of regulars. Popular breakfast, brunch, lunch & dinner spot. Highly recommended. A great reputation to continue to build upon! 2016 sales up over 6% year over year! Highly confidential listing, please do not discuss with employees or patrons. Showings by appointment only. Listed by Tom Traina at EatZ & Associates

  

General Information

Organization Sole Proprietorship
Year Established 1938
Current Owners 1967
Employees 22
Operating Hours Mo-Fr 8a-3p & Sa 8a-7p & Su 8a-6p
Reason For Sale Retiring
   

Facilities

Seating 75 Inside & 28 Outside
Square Feet 2,600
Parking Street, Garage, Lot, Etc
Licenses Liquor
   

Financials

Revenue $1,146,325 / year
Cash Flow $137,436 / year
Payroll Contact For Info
Inventory Contact For Info
FF & E $80,000
 
 

Lease

Lease $8,300 / month  
Expiration 05/2018  
Yearly Adjustment Not Available  
Option One 5-year option  
Deposit Not Available  
     

Financing

Down Payment Contact For Info  
All Cash Contact For Info  
Note Balance Contact For Info  
Term of Note Contact For Info  
 
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Listing Contact

Tom Traina
Eatz & Associates
phone: 888-971-3289
fax: 888-673-3045

www.eatz-associates.com

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