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    Chicago Illinois Wedding Caterer Chicago, IL 60601

    For Sale
    $695,000

    Profitable QSR, $695K, 4000 SF

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Chicago-based catering business, operating for 25 years under the same ownership, presents a lucrative investment opportunity. The business boasts impressive financials, with 2023 gross sales exceeding $3.2 million and a net profit of $200,013.26. The 4,000 square foot freestanding commissary features a state-of-the-art kitchen equipped with multiple walk-in refrigerators/freezers. A full staff is in place, ensuring a smooth transition for the new owner. The business model is highly successful, with 75% of revenue derived from weddings and the remaining 25% from corporate catering, fostering high repeat clientele. Financial records are meticulously maintained and readily available, making this an SBA-friendly acquisition. The current lease, with a monthly rent of $7,000 all-inclusive, includes a renewal option, providing long-term stability. Comprehensive training and support will be provided to ensure a seamless handover. This turnkey operation is priced at $695,000 and represents a rare chance to acquire a well-established and profitable business in a prime Chicago location (Zip code 60601).

    Property Features for 0 Chicago Illinois Wedding Caterer

    General Information

    Property type
    Restaurants
    Square Feet
    4,000 SF

    HighLights

    • Same owner for 25 years.
    • 2023 gross sales: $3,236,000.
    • 2023 net profit: $200,013.26.
    • Freestanding commissary kitchen.
    • 4,000 square feet.
    • State‑of‑the‑art kitchen with multiple walk‑in coolers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6197056
    Latitude
    41.8839927

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    FAQs

    What type of property is this?
    Restaurant - Profitable QSR, $695K, 4000 SF
    Where is this restaurant located?
    The property is located at Chicago Illinois Wedding Caterer Chicago, IL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Same owner for 25 years.; 2023 gross sales: $3,236,000.; 2023 net profit: $200,013.26.
    Request Owner's contact information
    Chicago Illinois Wedding Caterer Chicago, IL 60601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Chicago Illinois Wedding Caterer Chicago, IL 60601
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