High-Volume Longstanding Japanese Restaurant w/Property Chicago-45 Yrs

Asking Price$990,000

Cash Flow
$100,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$628,444

Inventory$30,000
Not included in asking price
FF&E$250,000
Included in asking price
Real Estate$900,000
Included in asking price
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High-Volume Longstanding Japanese Restaurant w/Property Chicago-45 Yrs


Asking Price$990,000

Cash Flow
$100,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$628,444

Inventory$30,000
Not included in asking price
FF&E$250,000
Included in asking price
Real Estate$900,000
Included in asking price
Business Description
A cherished destination for authentic Japanese cuisine, offering the perfect blend of traditional ambiance and flavorful dishes. Serving a wide array of incredible dishes including maki, sashimi, sushi and more.

In addition to an ample selection of sake, Japanese beers and freshly made margaritas, adding a unique twist to the traditional Japanese dining experience.

Along with an authentic Japanese ambiance that immerses diners in a traditional Japanese setting, featuring Ryokan-style private rooms and decor adorned with paper lanterns/umbrellas, creating a cozy and culturally rich atmosphere.

The space features a sushi bar, main dining room and private dining rooms. Plus, a separate lounge area with a full bar, comfortable seating and karaoke stage. As well as a fully-equipped commercial kitchen.

Full-service restaurant. Dine-in, carryout and delivery. Dinner only. Full liquor license till 2a (3a on Saturdays). Currently liquor sales are only 10% of gross sales.

Well established with the same owner for 45 years! Independent - no royalty, advertising or transfer fees.

Prime retail space in a freestanding building on a busy stretch of a well-traveled east-west thoroughfare with a variety of other popular eating & drinking establishments, plus consistent foot and vehicle and traffic. Boasts great signage, high visibility, easy access and ample street parking. Also, near public transportation including CTA bus routes and the interstate.

Perfectly situated in a desirable residential neighborhood known for its diverse population, academic institutions and strong community feel.

Well-positioned in a culturally vibrant part of the city. And walking distance from two universities providing a steady stream of students, faculty and visitors.

This part of Chicago offers a rare blend of neighborhood charm and urban density, ideal for small businesses and local eateries!

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, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only outside of business hours.

Listed By Theo Theodosiadis at EatZ & Associates / EatZ Real Estate Group LLC
About the Business
Years in Operation
45
Number of Employees
8
Facilities & Assets
Single-story freestanding building. Property includes a limited number of parking spaces in the rear. Real estate taxes $8,571.

Square Feet: 4,742.

Seating: 100 Inside.

Days/Hrs of Operation: Daily 4p-9p (5 Hours A Day or 35 Hours A Week).

Owners Role: Owner operated - oversees operation.

# Of Employees: 5 Full-Time & 3 Part-Time.
Website
http://www.eatz-associates.com
Market Outlook / Competition
Authentic Japanese cuisine. In a traditional Japanese setting. Unique dining experience. Inviting ambiance. Includes an engaging sushi bar experience. And a full bar with distinctive beverage offerings. Plus a fun karaoke lounge. The place for an amazing meal. Also, great for large private gatherings, celebrations and events. Known for their mouthwatering food and exceptional service.
Opportunities for Growth
Long time favorite. North side institution. Beloved staple in the community for over 4 decades. Area gem. Diners come from near and far. Established customer base. Tons of regulars for generations. Best sushi in the city. A must-visit spot in Chicago!

Prime urban location. Surrounded by a diverse and vibrant culinary scene. In a growing neighborhood.

A highly regarded restaurant. Highly rated and recommended, stellar reputation to continue for another 45 years!

Also, huge opportunity to increase sales and liquor sales by expanding hours!
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
4,742
About the Sale
Seller Motivation
Retiring.
Transition Support
1-3 months on-site comprehensive training.
Financing Options
No.
Listing Info
ID
2363327
Listing Views
872

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Business Listed by: Ted Theodosiadis EatZ & Associates

Listing ID: 2363327 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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