See Similar Listings

Two Profitable Fast Casual Restaurants with Real Estate Included

Chicago, IL
Asking Price:$1,800,000
Gross Revenue:$3,000,000
FF&E:$200,000
Established Year:2016
Cash Flow:$300,000
Inventory:$10,000
Real Estate:$1,000,000
Listing ID: 2303671Listing provided by BizBuySell
BUSINESS DESCRIPTION

Absentee-Run for 5 Years – Exceptional Reputation and Growth Potential

This highly regarded fast-casual American restaurant has been a Chicago favorite since 2016.
Featured in Chicago Magazine, Time Out Chicago, Eater and more, cult following. Excellent Reviews on Google.

Operated under absentee ownership since 2019, it runs smoothly with minimal oversight, requiring just a few hours per week of remote management. The dedicated team of 30 long-tenured employees handles all operations, including ordering, payroll, and staff management.
With opportunities to optimize profit margins, expand services, or grow into additional locations or franchising, this is a rare chance to take over a thriving, turnkey business.

Location 1: Trendy East Humboldt Park
Located in the vibrant East Humboldt Park neighborhood, this site is surrounded by popular destinations like the California Clipper and Spinning J Soda Fountain. The sale includes the commercial real estate.

The property features:

A fully operational kitchen and spacious dining area.
Front and back patios for outdoor seating.

This location includes the building in the purchase. Commercial unit downstairs and newly renovated upstairs rental unit (2019) with three bedrooms, one bath, high-end finishes, Central HVAC, in unit Washer Dryer, Pantry, 14 ft ceilings, original hardwood floors. Steady tenants. Leased until Aug 2025.

Location 2: Uptown
Situated on a prime corner near the future Double Door event venue, Stan’s Donuts, and new condos, this site offers excellent foot traffic and visibility. Adjacent to the Broadway Red Line station, it benefits from steady pedestrian and car traffic. The leased space includes:

A wraparound patio and large windows. Excellent visability.
Below-market rent of $4,700/month (lease through 2027 with one five-year renewals) with possibility of additional extensions.
Optional basement storage for $500/month.


Both locations are fully equipped with commercial kitchens, large walk-in fridges, basements with ample storage, spacious dining areas, outdoor patios, new premium tap beer systems, and full liquor licenses.

Significant opportunities exist to expand catering and events services, build additional locations, or develop a franchising model to scale the brand. Enhanced owner involvement could also drive revenue and optimize operations.

Highlights

Established brand with 8 years of success.
Strong customer base and community reputation.
Absentee-run, with operations managed by experienced staff.
Prime Chicago locations with one location including the real estate in growing neighborhood and the other a corner location on a busy intersection in up-and-coming neighborhood and favorable lease terms.

This is a rare opportunity to acquire a well-loved brand with two excellent locations, a dedicated team, and significant potential for growth through catering, events, and expansion.

Please do not disturb business operations or employees.

DETAILED INFORMATION
Location
Chicago, IL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,000
Employees
30
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Both locations feature fully equipped commercial kitchens with all necessary equipment to continue operations seamlessly, as well as complete dining room setups. This includes all furniture, fixtures, and tools required to maintain the current level of service. Additionally, the sale includes the valuable asset of the building for one location, providing an exceptional investment opportunity with real estate ownership.
Competition
This business is uniquely positioned in both the burger and fried chicken market, standing out with its nostalgic vibe that resonates with a wide audience. Its approachable menu and high-quality offerings appeal to families, young professionals, and food enthusiasts alike. In a competitive market, it has carved a loyal customer base by blending classic comfort food with a modern, inviting atmosphere, ensuring its place as a community favorite.
Growth & Expansion
Catering: Expanding catering services for events, offices, and parties presents a significant opportunity to boost revenue and brand visibility. New Locations: The business model and brand reputation provide a strong foundation for opening additional locations, tapping into new neighborhoods or markets. Franchising Potential: With proven operational systems and a beloved concept, franchising offers a scalable way to grow the brand regionally or nationally.
Financing
SBA Financing Possible
Support & Training
We will provide remote training over the phone to ensure a smooth transition of ownership. All systems, processes, and recipes will be thoroughly documented and passed on, equipping the new owner with everything needed to maintain operations seamlessly and continue the restaurant's success.
Reason for Selling
The decision to sell is driven by a desire to refocus investments in our local a
BUSINESS LOCATION
Report an Issue with this listing
Damian Koval
Phone Number
Damian Koval
Call Phone