Well-Established Fast-Food Joint-Ideal Location/Sought-After NW Suburb

Lake County, IL
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Asking Price:$94,000
Rent:$2,370/Month
Inventory:$5,000
Established Year:1988
BUSINESS DESCRIPTION

Offering a delicious menu of locally-sourced burgers, Chicago-style hot dogs, Polish sausage, Italian beef & sausage, Kronos gyros, specialty sandwiches, wraps & pitas, homemade soups & chili, tasty appetizers & sides, fresh salads, delectable desserts and more. As well as breakfast favorites including omelets, skillets, egg sandwiches, pancakes and more. Plus, a kid’s menu and daily specials. In addition to fountain drinks and old-fashioned shakes/malts.

Simple operation - counter service. Breakfast, lunch and dinner. Dine-in, carryout, pickup and delivery, plus catering. Also, caters local festivals, community events and school programs. Online ordering also available.

Features electronic menu boards and a fully equipped open kitchen, plus a back kitchen.

Well established for over 36 years. With the current owners 13 years. And at this location for 6 years. Independent - no royalty, advertising or transfer fees. Asset sale - all furniture, fixtures and equipment (FF&E) included. Owner operated, plus long-term staff in place.

Prime retail space in a 13,280 sqft thriving neighborhood strip center with ample parking for 72 vehicles. Boasts outstanding signage, visibility, access, parking and high traffic counts.

Other popular tenants include a convenience store, cleaners, Chinese place, taco shop and pizzeria. Also, adjacent to a U.S. Postal office. And next a busy upscale Chicagoland grocery store. Plus, in front of a large industrial park!

Perfectly situated at a high-profile location on a major route with over 47,000 vehicles per day. Also, surrounded by many subdivisions of homes. Plus, close to two elementary schools, the high school and so much more.

Ideally positioned in the heart of a vast residential area with a population of over 19,000 with an average household income of over $124,000 within 5-miles!

Located in a sought-after northwest suburb has been named the #1 place in Illinois for young families. Also named as 1 of the top 100 "Best Places to Raise Your Family" by Frommer's and as 1 of the "Top 25 Places to Live in the Country" by U.S. News.

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 Brian O'Kelly at EatZ & Associates


DETAILED INFORMATION
Location
Lake County, IL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
985
Lease Expiration
31/07/2028
Employees
4
Facilities
Year Established: 1988 (Current Owner 2011). Lease Information: Leased space - cheap $2,370/mth gross. Current lease expires Jul 2028 with one 5-year option. Square Feet: 985. Seating: 16 Inside & 8 Outside. Days/Hrs of Operation: Mo-Fr 9a-8p & Sa 9a-4p (Closed Sundays). Owners Role: Owner operated - husband and wife. # Of Employees: 2 Full-Time & 2 Part-Time. Value of FF&E: Included In Asking Price (Valued at $70,000). Value of Inventory: $5,000 (Not Included In Asking Price).
Competition
Top notch. Incredible food. Everything cooked to perfection. The freshest ingredients. The finest meats. Fresh-cut fries. Handmade shakes/malts with real ice cream. Home of the original egger. Pepsi fountain drinks. Well-known for their wholesome food, outstanding quality and fast friendly service.
Growth & Expansion
Location, location, location!!! Local favorite. Beloved mom & pop restaurant. Neighborhood gem. Staple in the community. The go-to spot for amazing fast food in the area. Loyal customer base. Lots of regulars. Popular with co-workers, shoppers, families, students and more. Rated 4.6 Facebook, 4.3 Google and more. Highly rated and recommended, great name and reputation to continue to build upon. Also, a solid foundation with so much up-side potential by increasing hours, initiating local advertising and adding beer & wine, plus gaming!
Financing
No.
Support & Training
Two weeks on-site comprehensive training.
Reason for Selling
Retiring.
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Brian
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Brian O'Kelly