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High Volume Wing Franchise Downtown Chicago, IL - A+ Location!
Chicago, Illinois

Asking Price

$399,000

Office Listing #

WS C IL
Revenue Contact For Info Lease Rent $7,500 / month
Cash Flow Contact For Info Square Feet 1,400
Direct Link www.restaurants-for-sale.com/27697

    

Offering fresh made-to-order wings, hand-cut seasoned fries and their world famous sides. Wings come in classic, boneless or crispy tenders in a dozen tasty flavors by the piece, in a combo or a family pack. Sides include beans, corn, mac-n-cheese, rolls and more. Brownies for dessert. For drinks, a beverage fridge and a Coca-Cola Freestyle machine with over 120 sparkling & still beverage brands plus over 70 regular & low-calorie options. Simple menu and operation - counter service. Dine-in, carry-out and delivery. Plus, catering with group packs. Online ordering also available. Cool modern industrial interior. Ample seating. Location: Prime retail space in one of the most affluent neighborhoods in downtown Chicago. Surrounded by prestigious hotels, high rise condos, historic mansions and specialty boutiques, plus a booming nightlife. An intensely popular area for both residents and visitors alike. Lease Information: Leased space $7,500/mth includes rent, insurance and taxes. Current lease expires in Nov 2021 with two 5-year options. Training: Four weeks training out of state. Value of FF&E: Included in Asking Price. Seller Financing: Possibly, to a well qualified buyer with substantial down. Competition/Market: The wing experts. A guest favorite. A fan favorite. Everybody loves wings and demand is on the rise. Wings are wildly popular as a snack, an appetizer or a main dish. Americans love their wings! Growth & Expansion: First shop opened in 1994, began franchising in 1997. Currently over 1,000 locations worldwide. Boasting 12 years of same-store sales growth. And some of the highest sales per square foot in the industry. One of the fastest growing brands in the restaurant industry! Highly confidential listing, please do not discuss with employees and patrons. Financials provided upon completion of a Non-Disclosure Agreement. Listed by Tom Traina at EatZ & Associates

  

General Information

Organization Corporation
Year Established 2011
Current Owners 2011
Employees 12
Operating Hours Daily 11a-12m
Reason For Sale Downsizing.
   

Facilities

Seating 32
Square Feet 1,400
Parking Lot, street, garage, etc.
Licenses None
   

Financials

Revenue Contact For Info
Cash Flow Contact For Info
Payroll Contact For Info
Inventory Contact For Info
FF & E Contact For Info
 
 

Lease

Lease $7,500 / month  
Expiration 11/2021  
Yearly Adjustment Not Available  
Option Two 5-year options  
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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