2005 Roscoe Street, Chicago

$41

0 Beds
0 Baths
0 Acres
0 Garages

Kitsch'n On Roscoe, Inc. dba Kitsch'n On Roscoe An established business that recently celebrated its 20th Anniversary in Chicago's Roscoe Village neighborhood Corporate Structure - S Corp. Liquor License & Corporation in good standing with local, state, federal (no strikes) Local, state, and federal taxes current. Occupancy for 134 with 1500 square feet of indoor street-level space, plus seating in a sidewalk cafe, and backyard beer garden (with a fully retractable awning), and an additional approximate 1000 square feet in basement including storage, walk-in cooler, walk-in freezer, mechanical, metro shelving, liquor cage, ice machine, and office area Save Time & Money: No need for architectural plan approval, going through complicated and lengthy building permit application process, hiring contractors, new liquor license application process, or task force inspections (sanitation, plumbing, HVAC, electric, fire, building) as the business is fully licensed and currently operational Loading zone via permit Large front windows slide open to street or are removable for open-air front dining room/bar counter The proposed sale includes all Furniture, Fixtures, and Equipment (fully furnished dining rooms and kitchen), and signage Leased equipment includes ice machine, Coca-Cola guns, and ice bins Business to be sold clean from any liens or debt obligations General lease terms: Current market lease with first right of refusal. TBD with the landlord. A 5-year initial term with up to two 5-year options. Approximately $3600/monthly rent (% of property taxes, % of building water bill, % annual increases in rent) negotiable Sale pending landlord approval and a new lease, Buyer would assume ownership of the business and operate immediately (file Change Of Officers with city) Current and Past Awards & Accolades (existing business): "Best Brunch in Chicago - A Hood by Hood Guide" - Thrillist Chicago 2014 $40 a Day with Rachael Ray, Chicago - The Food Network (Our Favorite!) Featured on "Chicago's Best - Breakfast" - 2012 WGN/CLTV The Food Network - Top 5, Delicious Duos - The Food Network Best Of, Top Ten Fun Food Factories - The Travel Channel Winner - Best of Chicago, Best "Morning After" Brunch Spot - Editorial Winner - Best Brunch, Best of Citysearch - Winner - Best of Chicago, 1st Place: Comfort Food - Neighborhood Dining in Chicago - Bon Appetite Magazine (April 2004 Issue) "The Ultimate Comfort Food Destination", Check, Please! - PBS WTTW11 TV Winner Best Brunch, Chicago's Choice Awards Poll - Chicago Tribune Roscoe Village's "Dining Hotspot" - Chicago Social Magazine "Chicago's Best Waitstaff", Best of Chicago Reader's Poll - New City Magazine "Chicago's Best Hangover Breakfast" - New City Magazine "Best Place To Eat With Family" - New City Magazine 5-Time Winner, Jack Daniel's Chicago Chili Cook-Off (continued on next page) Other notes: - Located at the heart of Chicago's vibrant Roscoe Village neighborhood with a highly visible location right at the intersection of Roscoe Street & Damen Avenue - The business has fostered a vibrant following with area residents, families, singles, music, TV/ film and art industry, as a city-wide destination, and out of town visitors - A known Brunch location for over 20 years with weekend high-traffic - Involvement with neighborhood groups, a founding member of the local chamber, area schools, and not for profit organizations - Location is just a mile and a half from Wrigley Field, and enjoys easy access to public transportation (Damen, Belmont, and Addison Buses and Addison and Paulina Brown Line El Train Stops) - Parking is metered in front and one block west. Free parking within a half block in 3 directions on all north-south streets including Seeley, Damen, and east of the Damen intersection on Roscoe Street

Essential Information
MLS® #10635708
Price$41
Acres0.00
TypeCommercial
Sub-TypeBus / Bus w/Real Est
StatusActive
Community Information
Address2005 Roscoe Street
AreaCHI - North Center
CityChicago
CountyCook
StateIL
Zip Code60618
Interior
HeatingGas
CoolingCentral Air
Stories1
Listing Details
Office@properties
Property History
Price Reduced from $75,000 to $41
Status Changed from New to Active
Price Increased from $5,100 to $75,000
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Listing information last updated on March 29th, 2020 at 6:50am CDT.