Property profile

0 Chicago Illinois Wedding Caterer Chicago, IL 60601

OFF-MARKET
Retail properties & Spaces
4,000 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 4,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Chicago Illinois Wedding Caterer Chicago, IL 60601
Chicago metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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