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

Asking Price$990,000

Gross Revenue
$628,444

Net Operating Income$100,000

FF&E$250,000
Included in asking price
Building Sq. Ft.4742

Price per Sq. Ft.Not Disclosed

listing imageSave

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


Asking Price$990,000

Gross Revenue
$628,444

Net Operating Income$100,000

FF&E$250,000
Included in asking price
Building Sq. Ft.4742

Price per Sq. Ft.Not Disclosed

Property 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!

Competition/Market: 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.

Growth & Expansion: 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!

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 Property
Type
Retail
Building Status
Established
Facilities & Assets
Established: 1980.

SqFt: 4,742.

Seats: 100 Inside.

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

Owners Role: Owner operated - oversees operation.

Employees: 5 Full & 3 Part.

Training: 1-3 months on-site comprehensive training.

Value of FF&E: Included In Asking Price (Valued at $250,000).

Value of Inventory: $30,000 (Not Included In Asking Price).

Reasons for Selling: Retiring.
Location Description
Single-story freestanding building. Property includes a limited number of parking spaces in the rear. Real estate taxes $8,571.
Current and Prior Use
Japanese Restaurant
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
No.
Listing Info
ID:
2363329
Listing Views:
322

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Property Listed by: Ted Theodosiadis EatZ & Associates

Listing ID: 2363329 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.


Similar Listings
Wayback Burgers
$250,000Wayback BurgersFeatured Franchise
Charleys Philly Steaks & Wings
$200,000Charleys Philly Steaks & WingsFeatured Franchise
Sloan's Ice Cream
$180,000Sloan's Ice CreamFeatured Franchise
Pokemoto
$100,000PokemotoFeatured Franchise
Wayback Burgers
$250,000Wayback BurgersFeatured Franchise
Charleys Philly Steaks & Wings
$200,000Charleys Philly Steaks & WingsFeatured Franchise