High-Volume Well-Established Wings & Sports Bar Franchise Chicago, IL - Sales Over $3.8 Million!
Specializing in always fresh, never frozen crave-worthy wings and thick-cut, crumb-breaded seasoned onion rings. Along with mouthwatering starters, fresh salads, signature sandwiches, premium burgers, bountiful baskets, satisfying sides and delectable desserts. Plus, lunch specials, seasonal specials, bundles, party packs and more. As well as a kid’s menu.
Full-service restaurant and full bar with 12 beers on tap. Dine-in, carryout, curbside pickup and 3rd party delivery, plus catering. Online and app ordering also available. Plus, a rewards program.
Striking exterior. And their fun interior features large expansive windows, cool concrete floors, ample seating and is full of large flat-screen tvs to watch all the MLB, NBA, NFL and NCAA games. Sidewalk seating also available in the warmer months!
Recognized in Cincy Magazine’s Best of the East 2022 as the best wings spot. Named in Full-Service Restaurant News’ FSR NextGen 25: The Trailblazers of Casual Dining and was included in the 1851 Franchise Top Bar & Grill Franchise Opportunities of 2022 lineup. Ranked #290 on Franchise Times Top 400 List of 2021. And much more…
5% royalty and 2% advertising fees. Negotiable transfer fee. Seller also has an assumable SBA EDIL loan (approx. $400,000) with a 30-year term at 3.75% interest rate. (Seller has to approve buyer and buyer will be required to sign a personal guarantee with the SBA and seller - terms open to discussion.)
Well established location for over 15 years! And with the same owner!! Sales up year over year over year!!!
Location: Prime corner retail space in a busy plaza with upscale condos above. On a major thoroughfare lined with restaurants, retailers and businesses. Boasts great signage, visibility, access and high traffic counts.
Also, surrounded by a dense residential area. Perfectly situated in a popular neighborhood of Chicago.
Year Established: 2008.
Lease Information: Leased space $21,000/mth gross (also includes water). Current lease expires Nov 2028 with one 10-year option.
Square Feet: 6,000.
Seating: 267.
Days/Hrs of Operation: Su-Th 11a-11p & Fr-Sa 11a-12m.
Owners Role: Semi-absentee - with full-time manager in place.
# Of Employees: 53.
Training: Local training available.
Gross Sales (2023): $3,850,000.
Net Operating Income: $226,345.
Value of FF&E: Included In Asking Price (Valued at $117,000).
Value of Inventory: $30,000 (Not Included In Asking Price).
Seller Financing Available: No, but seller has an assumable SBA EDIL loan (approx. $400,000) 30-year term 3.75%.
Reasons for Selling: Moving.
Competition/Market: A chef-inspired menu full of crowd-pleasers. The freshest wings. House made sauces. Specialty cocktails. Craft beers. Perfect for friends and families. A fan favorite. A refreshing, welcoming take on the standard sports bar & grill. A club-level sports restaurant & bar franchise with crave-worthy wings/rings. A top-notch sports experience in the neighborhood. Game nights are the ultimate here!
Growth & Expansion: Established in 1984 in Cincinnati, currently 57 locations across the US and 86 locations across the globe. Successfully operating for more than 39 years. A growing Cincinnati-based sports restaurant & bar concept. With world class franchisee support!
And a highly rated and recommended location, great reputation to continue to build upon. Plus, a 2,000 sqft music is venue about to open next store!
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, contact EatZ for more information. Showings by appointment only outside of business hours.
Listed By Tim Ryan at EatZ & Associates
