Kawayan in the Jefferson Park neighborhood of Chicago is for sale. Our staff is seeking to retire. Opportunity is plentiful in this top notch location to reintroduce full dining room service and to take advantage of the delivery app boom. We plan to operate the restaurant and market the sale until we find the right buyer. All final and best offers are due by December 4th at 12:00pm and should be submitted in email form to email@example.com
Asking Price: $50,000 As-Is
Location: 4859-A N Milwaukee Avenue, Chicago, IL 60630. Veteran’s Square Plaza (Milwaukee Ave & Lawrence Ave) in Jefferson Park.
Size: 1,350 Square Feet. Including: 388 Sq Ft Assembly Room; 327 Sq Ft Cooking Area; 62 Sq Ft Washing Area; 114 Sq Ft Bathrooms (2 Bathrooms); 258 Sq Ft Hallway.
Parking: 72 car Parking Lot.
Transit: Connected to Jefferson Park Metra, Blue Line Stop & Bus Terminal.
Equipment: Restaurant equipment included: One (1) three (3) compartment sink; One (1) one (1) compartment sink; One (1) handwashing sink; Two (2) steel prep tables; Two (2) Vulcan Grills; One (1) Imperial Stove; Two (2) two (2) slot deep fryers; One (1) TMC True Freezer; One (1) Artic Air Freezer; One (1) Artic Air Refrigerator; One (1) True sandwich table with compartment; One (1) Larking Hood System; One (1) Commercial Microwave; One (1) Commercial Beverage Refrigerator; One (1) Scotsman Icemaker; One (1) Water heater/tank; Three (3) tall tables; Six (6) high stools; Eight (8) regular tables; Eighteen (18) Chairs; One (1) dining room wall bench. Potential to keep the Harbortouch, Uber Eats & Grub Hub Point-of-sale systems.
Deal Highlights For All Food Concepts:
•Current rent of $3,151/month is very competitive and already around the «magic number» of 10% of revenue for proper margins. The landlord is agreeable in nature to continuing a rent that works for the buyer.
•Parking lot and public transportation hub at your fingertips.
•Space already outfitted as a restaurant eliminating $200k+ conversion costs.
•The location is top notch for dining room and delivery service easily accessible to the city and suburbs. Great location for app based delivery.
•There is a huge opportunity to regrow dining room service with a full wait staff, which was toned down since the onset of COVID to keep our mostly older staff safe.
•Upgrades, if desired, would mostly be of a cosmetic nature.
•Location already supports high and stable revenue around $30k/month.
•The location has many regulars and a lot of support amongst the community.
Thank you for your time and consideration. If you would like to set up a phone call or zoom meeting for more information, please reach out to Ted at firstname.lastname@example.org