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Longstanding Beef, Burgers & Gyros Joint w/Drive-Thru & Gaming-64 Yrs!

Cook County, IL
listing image
Asking Price:$3,000,000
Gross Revenue:$1,431,827
Real Estate:$1,800,000
Cash Flow:$441,514
Inventory:$25,000
Listing ID: 2300563Listing provided by BizBuySell
BUSINESS DESCRIPTION

Award-Winning - Voted #1 Sandwich / On Chicago’s Best / Best Beef Sandwich In IL

Offering a classic Chicago-style menu of Italian beef & sausage, flame-grilled burgers, all-beef hotdogs, off-the-spit gyros, flavorful sandwiches, amazing chicken, fried fish, deep-fried tacos, homemade meatballs & pastas, house-made soups & salads, great appetizers, freshly-baked desserts and other favorites. Along with fresh cut fries. As well as Pepsi fountain drinks, craft-bottled sodas, hand-made shakes and malts, plus beer.

Simple menu and operation - counter service. Dine-in, carryout, pickup and delivery, plus huge catering business. Online ordering also available. And their famous beef by-the-pound to go. Plus, they will ship their beef anywhere!

Interior boasts high ceilings, gorgeous wooden ceilings, exposed ductwork, large windows, tvs to watch all the games and a spacious fully equipped open kitchen. Plus, ample seating at high-counters, booths and tables, plus a convenient drive-thru. Set up for high volumes. Also, asking price includes proposed plans for expansion!

In addition to a private gaming area with 6 video gaming machines and ATM. 2023 gaming revenue (location’s take) $154,495!

Established over 64 years. And with the current owners over 35 years. Independent - no royalty, advertising or transfer fees. Family owned and operated - oversees the operation. Turnkey - longtime experienced and dedicated staff in place.

Prime corner retail space in a freestanding building with great signage, visibility, access (easy in & out) and parking.

Perfectly situated at the signalized intersection of a major thoroughfare lined with restaurants, retailers and businesses, plus high foot and vehicle traffic. Also, surrounded by a dense residential area with a population of over 57,000 within 4-miles!

Perfectly situated in an historic western suburb of Chicago known for its beautiful tree-lined streets, sturdy brick bungalows and Victorian "painted ladies”.

Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.

Listed By Ted Aretos at EatZ & Associates / EatZ Real Estate Group LLC

DETAILED INFORMATION
Location
Cook County, IL
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
5,987
Employees
25
Facilities
Year Established: 1960 (Current Owners 1989). Prop Info: Freestanding building on 1.119 acres (5 PIN #’s!). Has four A/C units (three brand new ones and the other one is in good working order). RE taxes $23,000/yr. Also, features two nicely finished 2-bedroom apartments which can be rented out for $1,500/mth each! SqFt: 5,987. Seats: 70 In & 8 Out. Hrs: Daily 10a-9p. Owners Role: Family owned and operated-oversees operations. Value of FF&E: Included In Asking Price (Valued at $350,000). Value of Inventory: $25,000 (Not Included In Asking Price).
Competition
An original. Specializing in Chicagoland favorites. Everything still cooked in-house with no preservatives. Fresh & delicious. Mouthwatering flavors. Their own sauces. Also their famous HOT giardiniera. Turano bread. Fast & easy ordering. Casual & inviting atmosphere. Known for their quality & consistency + friendly service. Award-winning Italian beef: Voted #1 Sandwich. Featured on WGN’s Chicago’s Best. Best beef sandwich in IL by USA Today. Central location that attracts both locals & visitors alike - customers come from near & far!
Growth & Expansion
A cherished fixture for over 6 decades. Has stood the test of time. Longtime local favorite. A charming old-school place. Beloved institution. Staple in the community. A landmark in the western suburbs. The south suburbs premier catering establishment. Area gem. The go-to joint for a tasty sandwich. Loyal customer base. Tons of regulars for generations! A real money maker. Business continues to grow and grow. Highly rated and recommended, great name/reputation and foundation to continue to build upon for another 60+ years!!
Financing
No.
Support & Training
Negotiable on-site comprehensive training.
Reason for Selling
Retiring.
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