THE FISH AND CHICKEN PLACE

Business Opportunity for Sale
Catylist Listing ID: 30643176
Property Subtypes: Food and Beverage
Building Size (RSF): 2,000 SF
Sale Price: $54,000
In Opportunity Zone? Yes
Name of Establishment: SEA CAPTAIN
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 1/2/2021

Overview / Comments

PRICE REDUCED TO SELL

GREAT RETURN ON INVESTMENT.
LOCATED JUST OUTSIDE OF NORTHERN ILLINOIS UNIVERSITY CAMPUS SURROUNDED BY STUDENT HOUSING. DORMS , DUPLEX, MULTI-UNIT COMPLEX AND BUSINESS DISTRICT.IT IS A TURN KEY OPERATION . THE END UNIT OF A SHOPPING CENTER WITH AMPLE PARKING. IT IS A LOCAL FAVORITE . OPEN LATE NIGHT AND CAPTURES THE COLLEGE CROWD ESPECIALLY IN THE WEEKENDS. LOW RENT & ALL TRADE FIXTURES INCLUDED IN THE SALE. VERY ELABORATE MENU CATER TO THE STUDENT CUSTOMERS. GREAT CARRY OUT BUSINESS . IT IS AN OWNER OPERATED INVESTMENT. MONTHLY GROSS SALES REPORTED AROUND $20,000 TO $25,000 DOLLARS WITH A 60 % MARGIN.
GOOD MONTHLY NET CASH FLOW. ADD VIDEO GAMING BUSINESS TO INCREASE SALES. GREAT MEETING PLACE FOR THE LOCALS. CURRENTLY THE STORE IS OPEN LIMITED HOURS.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: DeKalb
Industry Segment: Restaurants
Reason for Selling: MOVING OUT OF STATE
Value of Inventory Included ($): $2,000
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Mgmt/Training Support Description: MGMT/TRAINING IS PROVIDED TO THE NEW BUYER AS NEEDED
Competition/Market Description: LIMITED COMPETITION SIMILAR BUSINESS
Growth/Expansion Opportunities: INCREASE SALES BY ADDING VIDEO GAMING BUSINESS INCREASE SALES BY EXPANDING HOURS
Seller Financing Description: NONE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,823 40,794 60,453
Median Age: 24.43 29.43 30.91
Households: 6,538 14,562 22,204
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