Chicago Modern-American, Southern Inspired Cuisine

Inventory

Included in asking price

Employees

25

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The business operates from a rented commercial property encompassing 2,800 square feet, with a monthly rent of $6,885. The business has been at this location since 2005, benefiting from its central position in the community, which attracts both walk-in customers and regular patrons. Significant changes were made to the location upon taking possession, including a complete remodel of the old restaurant into a modern, eclectic space in 2007. The restaurant is permitted to have 99 seats, with 16 available outside during appropriate seasons and 87 indoors

Competition

The competition in the industry and marketplace is dynamic, with new restaurants frequently entering the scene and competitors attempting to replicate the unique aspects of the business. The competitive landscape is both fierce and intense. To stay ahead of the competition, the Head Chef continually evolves the menu and changes offerings. Additionally, the restaurant benefits from a very loyal customer base and experienced employees.

Growth & Expansion

The Owner recommends continuing to evolve the menu to stay ahead of its competitors or starting a customer loyalty program. The Owner has also suggested a shift of focus to catering and creating a lunch program to increase business during the day.

Financing

TBD if structure and terms are acceptable.

Support & Training

As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.

Reason for Selling

The Owner is looking to eventually retire and travel.