Steve Josovitz of The Shumacher Group, Inc. just sold Chicago’s Restaurant & Bar – East Cobb. Steve Josovitz represented Seller and assisted Buyer in this transaction.
Same Owner 26-Years.
Full Service Turnkey or Convert.
Relaxed dining , warm hospitality with a vintage, elegant vibe. Chicago’s Steak and Seafood has proudly served northern Atlanta since 1991, becoming a landmark and local institution of neighborhood camaraderie serving dinner daily. Enjoy one of our Ultimate Martinis in our bar and live entertainment in our Speakeasy Lounge on Friday and Saturday evenings.
Chicago’s menu includes house-aged and hand cut steaks. Come enjoy our signature slow-roasted prime rib, a variety of daily fresh-caught fish, and all natural chicken,
Generous appetizers and burgers, sandwiches, chilled salads, pastas, and scratch-made soups round out our menu offering satisfaction for every appetite.
Our private dinning room can accommodate up to 24 people and is the perfect spot for a business meeting or a small gathering of family and friends.
Loyal customer base and name goes with sale.
Owner relocated out of state 12 months ago to manage multiple other businesses and is not present in restaurant anymore.
Serving dinners only and averaging annual sales since 2000 in excess of 1.9 million. Sales could easily grow with lunch, later hours and promotion.
Fully staffed with many loyal employees that have been there 10-20+ years. This is a turnkey situation.
High income suburban area.
Restaurant enjoys a great location with lots of natural light, open kitchen, private dining area, separate bar, dining room and bar just remodeled. New floors and table tops throughout. Antique revolving entrance door, best location with the most visibility and excellent signage.
Approximately 5311/sf. with two sided facade.
Dining Seating for 142, private dining 20.
Attractive bar with stacked stone wall, granite bar top, seats 8, plus seating for 30 in lounge.
Rent at $12,888.97 all in- per month.
10 years remain on lease with option to renew.
Gross sales reaching $2mm and profitable after all expenses and salaries to back and front of the house management of $217,000 which includes GM, Assistant Manager, Executive Chef and Sous Chef. At this price no books and records are being provided other then a breakdown of expenses. Loyal staff is in place and will stay except GM who is relocating out of state to another restaurant Seller owns.
Adding lunch and weekend brunch would dramatically increase sales. Holidays rock with over 700-reservations alone for this Mothers Day.
Large open kitchen with walk in freezer and refrigerator, suitable for any concept. with only equipment not Seller owned is leased dishwasher.
Two new grease traps just installed.
Complete state of the art top brand POS (5 terminals) system and back of house computer. Open Table reservations.
Full training and support offered. Systems include sales tracking, labor tracking, inventory, declining budgets, these valuable systems all included in sale and training.
No owner financing considered. Must be a financially qualified individual to satisfy landlord.
Food and alcohol Inventory sold separately.