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Salad & Sandwich Fast Casual Restaurant Chicago, IL - Ogilvie Metra Train Station Food Court!
Chicago, Illinois

Asking Price

$59,000

Office Listing #

SG C IL
Revenue $376,000 / year Lease Rent $4,948 / month
Cash Flow $65,000 / year Square Feet 500
Direct Link www.restaurants-for-sale.com/27584

    

Offering salads, paninis, wraps, pita, flatbread & breakfast sandwiches, soups, smoothies and more. Lease is limited to salads, breakfast sandwiches, panini's and soups. Landlord may allow for a change of concept, but will not grant an exclusive or longer lease until landlord can evaluate the new tenants performance. 2016 sales up 5%! Rare resale opportunity - sought after location!! Keep the current concept or make it your own (no cooking/no black iron). Perfect opportunity to add your franchise to the other premium franchises in this food court. Other popular tenants include Arbys, Cinnabon, Corner Bakery, Dunkin Donuts, Great Steak & Potato, Halsted Street Deli, Jaffa Bagels, McDonalds, NYC Slices, Panda Express, Starbucks, Subway and Taco Bell. Location: Prime retail space in the busy food court of the Metra-Ogilvie Transportation Center in the West Loop of Chicago. It is one of the two major rail hubs in downtown Chicago along with Union Station. Situated on the first floor of the Citigroup Center, a large office building that serves as the main station entrance plus thereís a ticketing area, this food court and other retail shops, restaurants and amenities. This 42-story office building occupies two square blocks, bounded by Randolph St and Madison St to the north & south and by Canal St and Clinton St to the east & west. Lease Information: Leased space $4,948/mth includes rent, CAM, insurance and taxes. Current lease expires Feb 2022 with the option to renew. Landlord requires new owner to have high volume restaurant experience - preferably food court experience and solid financials. Cheapest rent in the food court! Square Feet: 500 + storage space on lower level. Days/Hrs of Operation: Daily 9:30a-10:30p (trains run daily till 12:40a). Training: Two weeks comprehensive on-site training. Value of FF&E (Included in Asking Price): $100,000. Seller Financing: No. Competition/Market: Situated in the Central Business Districtís West Loop submarket with 459,000 employees within one mile. Surrounded by West Loopís burgeoning residential neighborhoods with over 55,000 residents. Close to Chicagoís famous Theater District with 20,000 visitors annually. Growth & Expansion: One of the nationís busiest commuter train stations with over 100,000 daily rail commuters! In the fast-growing Fulton River District. Can expand hours earlier and/or later, overall food court open from 5a to 12a. Highly confidential listing, please do not discuss with employees or patrons. Listed by Tom Traina at EatZ & Associates

  

General Information

Organization Sole Proprietorship
Year Established 2010
Current Owners 2010
Employees 5
Operating Hours 9:30a-10:30p
Reason For Sale Personal health issues.
   

Facilities

Seating Food Court
Square Feet 500
Parking Lot, street, garage, etc
Licenses None
   

Financials

Revenue $376,000 / year
Cash Flow $65,000 / year
Payroll Contact For Info
Inventory Contact For Info
FF & E $100,000
 
 

Lease

Lease $4,948 / month  
Expiration 02/2022  
Yearly Adjustment Not Available  
Option Options to renew.  
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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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Restaurants For Sale Online, LLC has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness. Read the disclaimer before responding to any ad.

 
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