***Prime Japanese Restaurant & Bar in River North 4 sale - Exceptional

Chicago, IL
listing image
Sale Pending
Asking Price:$700,000
Gross Revenue:$2,449,473
Established Year:2010
Cash Flow:$453,340
EBITDA:$1,913,058
BUSINESS DESCRIPTION

Yes! Evernyone know this Japanese restaurant and how successful it is!
Discover one of the most renowned Japanese restaurants and bars in the vibrant River North area. This well-established business offers a unique opportunity for a new owner to step into a profitable and smoothly operating venture with minimal involvement.

With over $450K in net profit in 2023, and sales steadily increasing post-COVID, this restaurant is on a strong growth trajectory. The well-trained, long-term employees and chefs are committed to staying with new ownership, ensuring a seamless transition.

Located in a super convenient spot, this restaurant benefits from heavy foot traffic and a loyal customer base. Whether you're looking to invest in a thriving business or expand your restaurant portfolio, this is a rare opportunity not to be missed.

100% absentee ownership is possible, making it an ideal investment for those seeking passive income with high returns.

Don't miss out on this incredible chance to own a piece of River North's culinary scene!


DETAILED INFORMATION
Location
Chicago, IL
Inventory
Not Included in asking price
Employees
21
Facilities
All equipment is a part of this deal. Inventory is negotiable.
Competition
The market is strong. Especially the culinary scene of the River North area is getting improved yearly. Meanwhile, this restaurant is the most famous and (probably) biggest Japanese restaurant in the area. The sales is getting back to before Covid (the total sales was over $3M before Covid).
Growth & Expansion
It is a super well-known and established restaurant in the area. Everyone living in the area knows this restaurant.
Support & Training
The seller will provide training up to 2 months
Reason for Selling
The seller is retiring
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Sang Han