730 Maxwell Street

    Chicago, IL 60607
    • $100,000
    • STATUS: Active
    • ON SITE: 130 days
    • MLS #: 10611253
    UPDATED: 52 min ago
    $100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,200
      SQFT
    • $14
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Successful Sushi Restaurant on UIC Campus For Sale. This popular restaurant with $400K in annual gross sales has been serving the University Village community for over 15 years. This is a new owner's opportunity to expand the concept and increase revenue. Property includes all equipment needed for a sushi restaurant AND includes a full-service kitchen with built in hood, fire suppression system, black iron and walk-in cooler. The existing lease provides for exclusivity on UIC campus as the only Sushi and/or Thai restaurant. Incredible opportunity to expand the menu offering to include Thai, Izakaya, Ramen or anything else that can be prepared in the fully built out kitchen. Sale includes all FF&E and will require assumption of existing lease. Current rent is $4,754 per month all-in with 3.5 years remaining (including options) with 2.5% annual escalations. Owner has spent over $500K on buildout on this 1,870 square foot restaurant. Please do not disturb existing business. Showings only Tuesday to Thursday between 3:00 and 4:30 PM. No real estate included with this sale.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2020-05-25T22:49:51.937 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.tsgre.com/homes/102321063

    730 Maxwell Street Chicago, IL 60607

    • Price: $100,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 10611253
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,200
    SQFT
    $14
    $/SQFT
    Neighborhood:
    Chi - Near West Side
    County:
    Cook
    Area:
    Chi - Near West Side
    Property Description
    Successful Sushi Restaurant on UIC Campus For Sale. This popular restaurant with $400K in annual gross sales has been serving the University Village community for over 15 years. This is a new owner's opportunity to expand the concept and increase revenue. Property includes all equipment needed for a sushi restaurant AND includes a full-service kitchen with built in hood, fire suppression system, black iron and walk-in cooler. The existing lease provides for exclusivity on UIC campus as the only Sushi and/or Thai restaurant. Incredible opportunity to expand the menu offering to include Thai, Izakaya, Ramen or anything else that can be prepared in the fully built out kitchen. Sale includes all FF&E and will require assumption of existing lease. Current rent is $4,754 per month all-in with 3.5 years remaining (including options) with 2.5% annual escalations. Owner has spent over $500K on buildout on this 1,870 square foot restaurant. Please do not disturb existing business. Showings only Tuesday to Thursday between 3:00 and 4:30 PM. No real estate included with this sale.
    Exterior Features

    Approx Land Sq Footage 1870 Lot Dimensions 50X72 Lot Sq Ft 3600 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning Central Air Number Of Stories 2

    Property Features

    Adj Net Inc Expense Source Broker Projection Adjusted Net Income 50000 Ann Rnt Expense Source Actual Annual Rent For Real Estate 57000 Business Age 11+ Years Business Name Kohan Sushi Business Type Restaurant Corporate Limits Chicago Cost Of Goods Expense Source Actual Cost Of Goods Sold 95000 Cost Of Goods Year 2018 Estimated Cam SF 4.01 Gross Payroll 65000 Gross Payroll Expense Source Actual Gross Payroll Year 2018 Gross Profit 50000 Gross Profit Expense Source Broker Projection Gross Profit Year 2018 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 2018 Gross Sales Annual 345000 Heat Ventilation Forced AirGas Inventory 10000 Inventory Expense Source Broker Projection Inventory Year 2020 Known Encumbrances None Known Lease Type Net Net Operating Income Year 2018 Net Profit 50000 Net Profit Source Broker Projection Number Of Emp Full Time 3 Number Of Emp Part Time 3 Possession Closing Property Offered For Sale Only Real Estate Included YN No Tax Year 2018 Taxes 10000 Tenant Pays Common Area MaintenanceElectricHeatReal Property TaxesScavenger Total Op Exp Year 2018 Total Op Expense Source Broker Projection Total Operating Expenses 100000 Type Of Lease Net Lease Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Be Realty, Llc.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2020-05-25T22:49:51.937 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    Touchstone Group
    2308 W North Avenue #C1
    Chicago IL, 60647