Chicago Modern-American, Southern Inspired Cuisine
Business Description
Chicago Modern-American, Southern Inspired Cuisine
This Company provides a vibrant environment with live music, a modern American southern-inspired menu, and professional bar offerings that all continue to evolve. With a dedicated customer base and nestled in a busy part of town, this Restaurant has become a staple of the community.
Business location and name will be shared once a qualified Buyer prospect is vetted.
NDA is required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Business location and name will be shared once a qualified Buyer prospect is vetted.
NDA is required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
About the Business
- Years in Operation
- 20
- Number of Employees
- 25
- Facilities & Assets
- The business operates from a rented commercial property encompassing 2,800 square feet, with a monthly rent of $6,885. The business has been at this location since 2005, benefiting from its central position in the community, which attracts both walk-in customers and regular patrons.
Significant changes were made to the location upon taking possession, including a complete remodel of the old restaurant into a modern, eclectic space in 2007. The restaurant is permitted to have 99 seats, with 16 available outside during appropriate seasons and 87 indoors - Market Outlook / Competition
- The competition in the industry and marketplace is dynamic, with new restaurants frequently entering the scene and competitors attempting to replicate the unique aspects of the business. The competitive landscape is both fierce and intense. To stay ahead of the competition, the Head Chef continually evolves the menu and changes offerings. Additionally, the restaurant benefits from a very loyal customer base and experienced employees.
- Opportunities for Growth
- The Owner recommends continuing to evolve the menu to stay ahead of its competitors or starting a customer loyalty program. The Owner has also suggested a shift of focus to catering and creating a lunch program to increase business during the day.
About the Sale
- Seller Motivation
- The Owner is looking to eventually retire and travel.
- Transition Support
- As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
- Financing Options
- TBD if structure and terms are acceptable.
Listing Info
- ID
- 2281237
- Listing Views
- 1460
Listing ID: 2281237 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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