High-Volume Bar And Restaurant Franchise In Chicago, IL For Sale

Description

Established bar and restaurant franchise for sale in Chicago.

Annual sales are reported at approximately $5.28 million, with double-digit sales growth over the past four years.

The seller reports a profit margin of approximately 29.3%.

Sales mix

• Approximately 55% liquor sales
• Approximately 45% food sales

Food and beverage

• Handcrafted cocktails
• Local beer
• Wine
• Brunch, lunch and dinner
• Late-night service
• Catering
• Online ordering

The restaurant includes high ceilings, exposed ductwork, vintage brick finishes and a large wraparound bar with approximately 58 beers on tap.

Seating includes booths, tables and community-style areas. Roll-up garage doors connect the interior with the patio.

The space also includes approximately 10 TVs, a fully equipped commercial kitchen and basement storage.

The business has operated for more than 10 years and is currently absentee owned.

A buyer may be able to continue under the existing franchise brand or convert the location to an independent concept, subject to franchise agreement terms, landlord approval, licensing and other applicable requirements.

Buyers should verify historical financials, the reported profit margin, sales mix, lease terms, franchise fees, conversion rights, liquor licensing, patio permissions, equipment condition and staffing during due diligence.

The listing is confidential. Showings are available by appointment only.