Wing Restaurant for Sale in Near Suburbs of Chicago, IL

Located in the Near Suburbs of Chicago (Cook County)
Sale includes: the Business, all Equipment & all Fixtures.
Purchase Price / Business only = $239,000 plus inventory

This specialty wing restaurant opened for business in 2012 in the near suburbs of Chicago. In addition to serving 9 different types of wings, they are also well-known for other menu items such as waffle fries, fresh cut fries, sweet potato fries, boneless wings, onion rings, deep fried twinkies & corn bread muffins. They serve beer on premise plus they deliver beer & wine as well. They have seating inside for about 20 people. Of course, carryout is also an option. They have a good reputation, with 4.5 stars out of 5 on Grub Hub. This is not a franchise, so there are no franchise fees. This gives them an advantage over other wing places. This is probably one of the reasons their sales have been increasing each year.

The leased space is about 1,250 sq ft. It’s located on a very busy street with more than 19,600 cars driving by each day on average. The strip center it’s located in has lots of traffic and plenty of parking. The lease began 12/21/11. It’s a 6 year lease with an option for another 6 years. The base rent is currently $1,691/month & the C.A.M. charges are $313.00/month & the RE Taxes are $1,354/month, so the total gross rent is $3,358/month. The annual increases in base rent are only 2% per year.

The owner of the business works part-time, about 35 hours per week. He has a manager that works full-time. In addition to the manager, they have 9 employees. As with any business, there are some areas of opportunity. One thing that would probably help is expanding the menu. Not everybody likes wings, so it would be nice to have more choices when there’s a group of people & one of them isn’t in the mood for wings or fried food. The best area of opportunity though is the idea of adding more locations & maybe franchising the business down the road. The business model works & they do over $900,000 per year in a 1,250 sq ft space. Not bad at all.

The current owner has been in the restaurant business for many years and has owned many restaurants & bars and has decided to consider retirement.

Note: Owner will consider a small amount of financing for a well-qualified buyer.

Asking Price/Business only: $239,000 plus inventory
Gross Annual Sales (approximately): $937,411.00
Value of Furniture, fixtures & equipment (approximately): $50,000.00
Value of Inventory (approximately): $9,500.00
Lease Details (approximately): The current lease expires 12/2023. The space is approximately 1,250 sq ft. There’s plenty of parking and it’s located in a busy shopping center. The Base Rent is $1,691/month & Real Estate Taxes are currently $1,354.00 per month The Common Area Maintenance Fees are $313/month. . The rent increases about 2% each year. The seating capacity is approximately 20 seats.
Seller Financing: Owner is willing to finance a small portion of the price for well qualified & experienced buyer/operators.
Contact: Tony, This email address is being protected from spambots. You need JavaScript enabled to view it., Advantage Business Acquisitions, Inc. 847-722-1877

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