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SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 SALE BROCHURE
GLENN'S DINERWELL KNOWN ANDPROFITABLE NORTHSIDE OF CHICAGORESTAURANTCONCEPT FOR SALE1820 WEST MONTROSE AVE.CHICAGO, IL 60613
Marcus SullivanAssistant Vice [email protected]
Lorile HerlihySenior [email protected]
OFFERING SUMMARY
Sale Price: $275,000
Business Size: 1,800 Square Feet
Licences: Incidental Liquor, Retail
Food And Sidewalk
Cafe
Zoning: B3-2
Market: Chicago
Submarket: Ravenswood
Lease Rate: $4,968.84 Per Month
Net
Glenn's Diner An Established and Profitable Restaurant Concept For Sale Located In Chicago's North Side RavenswoodNeighborhood.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• High Recognized And Established restaurant Brand
• Well Maintained Facility
• Consistently High Sales Volume And Profitable Since Inception
• Located On A Vibrant Retail Corridor In Chicago's North Side Ravenswood Neighborhood
• Favorable Lease Terms
• Large Prominent Outdoor Component
• Close Proximity To Public Transportation
Property Summary
GLENN'S DINER | 1820 WEST MONTROSE AVENUE CHICAGO, IL 60613 SVN | Chicago Commercial | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
GLENN’S DINER BUSINESS SALE SUMMARY
LISTING BROKERS Marcus Sullivan
BUSINESS TYPE Full Service Neighborhood Restaurant
BUSINESS TRADE NAME Glenn’s Diner
CORP/LLC NAME Fahlstrom Restaurant Group LLC
BUSINESS ADDRESS 1820-1822 West Montrose Avenue Chicago, Illinois 60613
BUSINESS SALE PRICE $300,000.00
REAL ESTATE INCLUDED? No this is a business sale only. Please see below for lease details.
STOCK OR ASSET SALE Stock Sale
BUSINESS LICENSES Incidental Liquor, Retail Food and Sidewalk Café Permit
BUSINESS SIZE Approximately 1,800 square feet
LEASE TYPE This is a net lease. Please see below for a specific lease breakdown
LEASE TERM The lease with options is valid until February 29, 2024
MONTHLY RENT Base Rent: $4,968.84 Taxes and CAM: $1,150.00 Water: $200.00
SECURITY DEPOSIT $2,500.00 (Security Deposit is excluded from the sale of the business)
LEGAL OCCUPANCY Interior occupancy of 43 plus seating for an additional 20 on the sidewalk café.
AREA Lincoln Square
ACTUAL ZONING B3-2
PARKING Street Parking
EXCLUSIONS All security deposits as well as all food and liquor inventory are excluded. Please contact agent for a detailed asset list.
TYPE OF BASEMENT None
SHOWINGS Broker must accompany all showings during non business hours only. This is a confidential business sale please do not discuss with staff or customers.
BUSINESS DESCRIPTION Glenn’s Diner is a unique Diner concept located in Chicago’s Ravenswood neighborhood. This casual diner concept has been in operation since 2005 and has consistently produced a high volume of sales. The business operates for breakfast, lunch and dinner and is a well known staple in the North side of Chicago. This is a rare opportunity to be able to take over a well known established and profitable business.
LOCATION DESCRIPTION This business is located in the heart of Chicago’s vibrant and well know Lincoln Square neighborhood.
DISCLAIMER The information listed above has been obtained from sources we believe to be reliable;
however, we accept no responsibility for its correctness. All references to square footage
and age are approximate.
Glenn’s Diner Asset List
Outdoor
31 Chairs
1 Fence with Planters
8 Tables
18 Umbrella’s
8 Umbrella Bases
1 Wind Screen
2 Patio Heaters
1 Door Heater
Dining Room/Bar
1 24,000 BTU Wall Mounted Air Conditioning Unit
47 Chairs
7 Bar Stools
17 Tables
8 Hanging Pendant Lights
2 Ceiling Fans
2 Track Lights (East and West Wall)
2 Chalk Boards (Wall Mounted)
2 True Two Door Beer Coolers
1 True Two Door Glass Beer Cooler
3 Metro Racks
1 Bunn Two Pot Coffee Maker
1 Black Metro Rack
1 Built In Shelving Unit (Cereal Wall)
1 DVD Player
1 Satellite Receiver (with roof antenna)
1 Sony Amp
1 Sony Tuner
1 Television
2 Two Touch POS Terminals (1) With Cash Drawer (4) Printer Front House/Back House
1 Telephone With (6) Handsets
Miscellaneous Glasses, Mugs and Utensils
Service Station
1 Hand Sink
1 Tea Maker
1 Hot Water Machine
Kitchen
1 Hood and Ansil System
1 Seven Foot Prep Table
1 Seven Foot Prep Table with Shelves
5 Metro Racks
1 Frigidaire Chest Freezer
1 Ice Cream Freezer
1 Standing Continental Freezer
1 Ice Machine
1 Two Door Low Refrigerator
1 Three Door Low Refrigerator
5 Microwave
2 Black Delivery Coolers
1 Commercial Toaster
1 Kitchen Aide Mixer
5 Metal Shelves
2 Small Toasters
2 Waffle Makers
1 Robo Coupe with Attachments
2 Knife Racks
1 Meat Slicer
1 True Single Door Refrigerated Prep Table with Shelves
2 True Two Door Refrigerated Prep Tables
1 Steam Table with Shelves
1 Toaster
1 Hot Box
1 Golden Griddle on Refrigerated Stand
1 Char Broiler
2 Imperial (6) Burner Ovens
1 Convection Oven
1 Plastic Shelving Unit (Six Shelves)
1 Hand Sink
1 Mop Sink
1 Three Compartment Sink
1 Three Foot Metal Table
5 Fan (1) Wall Mounted (4) Floor Fans
3 Metal Shelves
3 Wire Racks
1 Plastic Shelving Unit (Three Shelves)
1 Portable French Fry Maker
1 Oyster King Schucker
1 Robo Coupe Blender
Miscellaneous Pots, Pans, Utensils, Cookware’s
Office
5 Child Seats
1 Plastic Rolling Rack
14 Wire Shelves
1 Vacuum
1 Walk In Cooler (with Interior Shelving)
1 Brother Printer/Fax
1 Desk
1 Chair
3 File Cabinets
GLENN'S DINER | 1820 WEST MONTROSE AVENUE CHICAGO, IL 60613 SVN | Chicago Commercial | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
GLENN'S DINER | 1820 WEST MONTROSE AVENUE CHICAGO, IL 60613 SVN | Chicago Commercial | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Location Maps
GLENN'S DINER | 1820 WEST MONTROSE AVENUE CHICAGO, IL 60613 SVN | Chicago Commercial | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
POPULATION 0.5 MILES 1 MILE 1.5 MILES
Total population 16,520 54,361 129,414
Median age 35.8 36.0 34.5
Median age (Male) 33.6 35.3 33.8
Median age (Female) 38.0 36.7 35.3
HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES
Total households 6,970 22,732 52,115
# of persons per HH 2.4 2.4 2.5
Average HH income $66,939 $73,658 $72,141
Average house value $339,228 $403,294 $418,930
* Demographic data derived from 2010 US Census
Demographics Map