Café/Bakery Restaurant for Sale in Near NW Suburbs of Chicago, Illinois

$149,000 plus inventory
Located in the Near NW Suburbs of Chicago, Illinois (Cook County)
Sale includes: the Business, all Equipment & all Fixtures.
Purchase Price / Business only = $149,000 plus inventory

This restaurant is a Café-bakery crafting fresh, seasonal foods, build-your-own deli sandwiches, hot pressed sandwiches, salads, coffee, tea & espresso, breakfast items, and smoothies. 7 types of bread are baked every day, and then 3 or 4 unique different breads every day. The Restaurant opened for business in 2002 and has been a loyal part of the community for over 15 years. The current owners acquired the business in 2009.

The leased space is about 2,245 sq. feet and ideally located in the heart of a popular downtown area. It’s located next to a train stop, and a popular destination for daily commuters, and has great exposure to foot traffic. The buildout is warm and clean and has the comfortable feel of a neighborhood hangout.

Sales were trending up in 2016, but were down in 2017 due to large construction projects, surrounding the location and the neighboring lot. With the construction now complete, there is a new 20-story mixed-use high rise next door, complete with a parking garage. With a lot more parking in the neighborhood and construction cleared up, sales are back on the rise.

All the equipment and fixtures one could need in a café or restaurant is included in the sale, there is ample refrigerator and freezer space, table space, as well as large dough mixers, including a backup mixer, just in case. A branded delivery van and scooter are also included the sale.

This business has a lot of potential to do more wholesale business with local retailers and restaurants due to a huge carousel oven that currently has a lot of untapped capacity. There are presently a few wholesale accounts with nearby restaurants and the owner feels there is a lot of opportunity to expand further in this direction.

There is a fully functional website included that highlights the café menu and baking schedule. There is opportunity to update and modernize the website with more content and to promote a catering menu. The café has growing exposure online and is well reviewed on Google, Facebook, Yelp, Tripadvisor among others. In addition, updating the site with an email opt-in for promotions and online ordering are worth exploring, which combined with local delivery, could be a great way to tap into the growing trend of people ordering quality food for home delivery.

Some catering to businesses and private parties is done right now and represents another area of opportunity to grow sales further. Local business meetings, networking events, educational functions, and private parties are a great opportunity for large orders of breakfast and lunch items, and with the delivery van, this business is well suited to meet those orders.

Business Hours conclude at 5:30pm each day, so hours could be extended to serve dinner to the evening rush of people heading home from work and offer evening home deliveries.

There's currently minimal advertising being done and a campaign to expand local presence, to grow online presence, develop wholesale accounts, and/or develop the catering side of the business are all great opportunities worth exploring.

The current owner has been in the restaurant business for many years and has owned and managed many restaurants and has decided to consider selling and explore new opportunities.

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

Asking Price/Business only: $149,000 plus inventory
Gross Annual Sales (approximately): $505,929.73
Value of Furniture, Fixtures & Equipment (approximately): $95,000.00
Value of Inventory (approximately): $5,000.00
Lease Details (approximately): The lease goes through November 2019. The space is approximately 2,245 sq ft. It’s a 1-Story building with 32 seats inside & 16 seats outside on the patio. The Base Rent is $6,150/month. The Real Estate Taxes are 17.4% annually. The lease is personally guaranteed.
Seller Financing: Owners will consider financing a small portion of the price for well qualified & experienced buyer/operators.
Contact: Tony Gavros This email address is being protected from spambots. You need JavaScript enabled to view it., Advantage Business Acquisitions, Inc., Tony 847-722-1877

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