THE FISH AND CHICKEN PLACE––SEA CAPTAIN

Business Opportunity for Sale
Catylist Listing ID: 30643176
Property Subtypes: Food and Beverage
Building Size (RSF): 2,000 SF
Sale Price: $59,900
In Opportunity Zone? Yes
Name of Establishment: SEA CAPTAIN
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 9/22/2020

Overview / Comments

THE FISH AND CHICKEN PLACE –- SEA CAPTAIN

LOCATED JUST OUTSIDE THE NORTHERN ILLINOIS CAMPUS SURROUNDED BY STUDENT HOUSING. DORMS , DUPLEX, MULTI-UNIT COMPLEX AND BUSINESS DISTRICT.IT IS A TURN KEY OPERATION AND THE END UNIT OF A SHOPPING CENTER WITH AMPLE PARKING.
IT IS A LOCAL FAVORITE AND MAJORITY OF THE CUSTOMER IS WITHIN THE WALKING DISTANCE. OPEN LATE NIGHT AND CAPTURES THE COLLEGE CROWD ESPECIALLY IN THE WEEKENDS.
LOW RENT /ALL TRADE FIXTURES INCLUDED IN THE SALE. THIS PLACE IS KNOWN FOR IT’S SPECIAL SAUCE FROM FAR AND AWAY. VERY ELABORATE MENU CATER TO THE STUDENT CUSTOMERS.
GREAT CARRY OUT BUSINESS .
IT IS A OWNER OPERATOR INVESTMENT.
MONTHLY REPORTED GROSS SALES AROUND $20,000 TO $25,000 DOLLARS WITH A 60 % MARGIN.
GOOD MONTHLY NET CASH FLOW.
POTENTIAL GOOD FUTURE FOR THIS BUSINESS WHEN NEW HOUSING FOR STUDENTS WILL BE ADDED AFTER THE OLD MOVIE THEATER TORN DOWN. EXPANDED HOURS DURING SCHOOL IN SESSION.
ADDING MORE ITEMS IN THE MENU CHART.
ALSO ADDING LIQUOR AND VIDEO GAMING BUSINESS TO INCREASE SALES.. ADDING AN ATM MACHINE WILL INCREASE SALES INSTANTLY.
FUN PLACE TO HANGOUT WITH FRIENDS.
CURRENTLY THE STORE IS OPEN LIMITED HOURS FROM
4:00 PM TO 2: 00 AM

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 LIQUOR 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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