Restaurant for Sale in Chicago

High Traffic and Profitable Boutique Eclectic American Restaurant and Bar located in University Village is the perfect turn-key business for your current portfolio and/or new business venture. This full-service bar and restaurant for sale features everything you need to become successful in the nightlife, food and beverage industry from day one. The fully equipped commercial kitchen is updated with all equipment and inventory staying. This Fine Dining Restaurant and Bar for Sale has a grease trap, large hood system, walk-in cooler and plenty of hot and cold storage to support any menu a creative chef could dream up. The staff is stable, experienced and well trained. The owner will stay on for a negotiated period of time to assist with an easy transition.


  • Image 1 of the business listed for sale

*Tavern License
*Retail Food License
*Public Place Of Amusement License
*Sales averages around $25,000 a week

Fully built out and established turn key restaurant and bar with high exposure, due to the business being located near major university, pavilion, theater, public transportation and very business main street. Restaurant /Bar is approximately 5358 square feet with seating for 70 guest and license for outdoor seating. This turn key business comes with a tavern license, retail food license and a PPA License (Public Place Of Amusement) Which will allow the new owner to charge at the door for private events. Current operating hours are 5pm to 3am for late night food and cocktails, which could be open even earlier a the new owners discretion.

Asking price

400000

Seller Is Willing To Train During Transition

Owner financing

Owner/seller financing is available.

Up-to $200,000 In Seller Financing

Reason for selling

Relocating

Required buyer qualifications

Must Sign a NDA to get more information.

Sales Memorandum

Download Sales Memorandum

Contact seller


Category: Business | Restaurant


Updated:

Located in Chicago, Illinois, US

Listed by

Ebonie Caldwell Realty Portfolio