Chicago, IL

Restaurants and Food Businesses For Sale in Chicago, IL

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Market Info
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$400K Net, MONEY MAKER 7 yr old Contemporary Restaurant & Bar

Chicago, IL

A beautifully appointed American restaurant with a very cool unique design, a very popular menu for Dinner, Lunch, and Brunch on weekends, a large lounge bar scene after dinner, very popular for...

$695,000

Cash Flow: $400,000

$695,000

Cash Flow: $400,000

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Real EstateRARE / 5,295 SF 2nd gen. restaurant in Heart of River North for lease

Chicago, IL

Perfect opportunity for rebranding, located at ground level with large bi-fold opening windows, to a very nice size sidewalk cafe. Large dining room with a 35' bar and 175 Occupancy. Has an excellent...

Not Disclosed

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Not Disclosed

Real Estate
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Turn Key Restaurant For Sale- Chicago

Chicago, IL

**For Sale: Successful D.P. Dough Franchise in Chicago, IL – Perfect for Owner/Operator** **Price:** Contact for Details **Location:** Chicago, IL (Near DePaul University) Here’s a rare opportunity to...

$49,000

$49,000

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Turnkey Restaurant with 2-Bedroom Living Space – Prime Location & Long

Chicago, IL

Turnkey Restaurant with 2-Bedroom Living Space – Prime Location & Long-Term Lease An exceptional opportunity to own a fully equipped restaurant in a high-traffic location with an included 2-bedroom...

6

$89,000

$89,000

Established & Beloved Turnkey Restaurant in Prime Location

Chicago, IL

Don't Miss this great opportunity to own your American Fast Food Restaurant !!!!! A legacy of flavor and profit awaits you. This is a rare, turn-key opportunity to acquire a well-established fast-food...

6

$119,800

$119,800

Cash Flow: $90,000

Thriving Thai Restaurant Business With Liquor License For Sale

Chicago, IL

Own a piece of Chicago's vibrant culinary scene with the sale of Gold Ladle Thai Cuisine located at 2011 N Damen Ave. Chicago, IL 60647. This is a stock sale, including the LLC, FF&E, business name...

6

$100,000

$100,000

Longstanding Hugely Popular Café Chicago, IL - Over 28 Years!

Chicago, IL

Offering an eclectic menu of amazing vegan, vegetarian, gluten free and meat friendly dishes for breakfast, brunch, lunch and dinner. Including breakfast staples, brunch favorites, soups, salads,...

$299,000

$299,000

Cash Flow: $106,370

Chicago Modern-American, Southern Inspired Cuisine

Chicago, IL

This Company provides a vibrant environment with live music, a modern American southern-inspired menu, and professional bar offerings that all continue to evolve. With a dedicated customer base and...

Not Disclosed

Not Disclosed

Cash Flow: $373,898

Real EstateFast Casual Space Available! Turn key! BUSY LOCATION!

Chicago, IL

TURN KEY---30 Year Old Business, Owner is retiring to GREECE. The Sale of the business includes ALL FF&E. Business hours are MON-SAT 8am -2pm, CLOSED Sundays. IF you extend the hours of operation to...

6

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Real Estate

Not Disclosed

Established Food Franchise in High Traffic Tourist and Biz District

Chicago, IL

This is currently an owner-operator situation, with both owners working very part-time for part of Monday through Friday, resulting in a 5 partial-day work week. The hours open are just 4.5 hours a...

$159,000

$159,000

Cash Flow: $58,873

CM Korean Chicken Of Chinatown (Chicago)

Chicago, IL

Step into a fully operational, income-generating CM Chicken Restaurant situated in one of Chicago’s most vibrant and culturally rich neighborhoods—Chinatown, within the high-traffic 88 Marketplace....

$370,000

$370,000

Cash Flow: $100,000

Cajun Broil- Confidential listing

Chicago, IL

This investment can be a great opportunity for a restauranteur looking to grow their portfolio and expand a CASH FLOWING business!! Newly done renovations and low labor costs....

$275,000

$275,000

Confidential Hyde Park Restaurant For Sale

Chicago, IL

This 2,996 SF, fully built-out restaurant offers a rare turnkey opportunity in a high-demand area. The space features a large, professionally equipped commercial kitchen, walk-in coolers, and a...

$175,000

$175,000

Established Seafood Restaurant

Chicago, IL

Low Labor, proven customer base...

$268,000

$268,000

Cash Flow: $200,000

Auntie Anne's Pretzel's Franchise, very rare model for sale.

Chicago, IL

Franchise Restaurant...

$450,000

$450,000

Cash Flow: $181,000

Ori Eldarov

OffDeal

Serving Cook County, IL

OffDeal offers small business owners a hassle-free way to sell their company for the highest price to the best possible buyer. We leverage years of Wall Street experience and our custom-built proprietary technology to ensure you realize the full value for your life's work. Unlike traditional advisors, we don't just list your business on public marketplaces and wish for the best - we build a tailored list of hundreds of potential buyers for your business that have relevant industry and operating experience and engage in proactive outreach - maximizing the number of offers your business receives - and ultimately the sale price. We typically work with businesses in the $1-50 million range, but can sometimes flex outside of that range on a deal by deal basis.

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CM Korean Fried Chicken of Lincoln Park ( Chicago)

Chicago, IL

This is a rare opportunity to acquire a fully operational CM Chicken franchise with a modern buildout and loyal customer base. The business has been thoughtfully developed with efficient workflows,...

$220,000

$220,000

Cash Flow: $100,000

North Side Chicago Philly Steak restaurant- Fast Food for sale

Chicago, IL

Established and well operating business for sale. Located in Chicago. Great location- new building. Open in September 2024. Average Monthly sales: $90,000-100,000/ month Average Net Profit: $10,500 /...

$299,900

$299,900

Chicago Illinois Wedding Caterer for Sale – Same Owner 25 Years

Chicago, IL

Chicago Illinois Caterer for Sale w/Freestanding Commissary – Same Owner 25 Years – $3.2M Sales – Profitable – SBA Friendly – Clean Books & Tax Returns Same Owner 25 Years. 2023 Gross Sales $3,236,000...

$695,000

$695,000

Cash Flow: $200,013

$30k For Sub Franchise, Cook County, Il., Seller Financing Available

Chicago, IL

SELLER FINANCING AVAILABLE SALES YEAR 2024: $5,467/WK SALES YEAR 2023: $5,844/WK SALES YEAR 2022: $5,725/WK SALES YEAR 2021: $6,045/WK GROSS RENT: $4,452/MONTH ABSENTEE OWNER ASKING PRICE: $30,000...

$30,000

$30,000

Super Opportunity to Own Hot Dog Place with Great Potential

Chicago, IL

Are you a first time buyer? Do you have family members to help? Do you wish to be your own boss? Can you run a fast food? If you answered yes to all questions, you may be the right person to own this...

$89,000

$89,000

Pizzeria & Italian Restaurant - Sought-After Bucktown/Wicker Park!

Chicago, IL

Incredible opportunity to step into a fully built-out and fully functioning restaurant in the heart of a bustling and trend-forward Chicago neighborhood. Saving on upfront build costs and months of...

$69,000

$69,000

Hangry Joe's Hot Chicken & Wings-Popular Chicago N Side Neighborhood!

Chicago, IL

The ultimate destination for mouthwatering authentic Nashville hot chicken. Known for their fresh, never-frozen chicken fingers, nuggets, bites, wings, wraps and sandwiches served Nashville-style with...

$140,000

$140,000

High-Volume Well-Established Family Owned Pizzeria & Ristorante!

Chicago, IL

A rare opportunity to take over a beautifully designed and professionally built-out restaurant for a fraction of the original investment. Currently specializing in wood-fired Neapolitan pizzas along...

$169,000

$169,000

Cash Flow: $95,967

Fully functioning Banquet Hall. Recently updated. With Parking fo 31+

Chicago, IL

Banquet Hall for up to 260 people with parking for 31+ cars Pristine condition recently remodeled. New Bathrooms Parking for 31+ cars with ample street parking Close to 94 and O'Hare Great NW Side...

$1,850,000

$1,850,000

Confidential Tavern Opportunity with PPA License

Chicago, IL

An exciting opportunity to acquire a well-established and highly recognizable tavern concept in one of Chicago’s most vibrant and desirable neighborhoods. This fully licensed operation includes both a...

$295,000

$295,000

Confidential Restaurant Opportunity – Prime Corner Location | Chicago

Chicago, IL

Exceptional opportunity to acquire a fully built-out, turnkey restaurant in a highly visible corner location within a vibrant Chicago neighborhood. This well-positioned space offers outstanding street...

$195,000

$195,000

$75k For Low Rent, $6.5k/wk Avg. Sales, Sub#1 Fran For Sale In Chicago

Chicago, IL

SALES YEAR 2024: $6,583/WK SALES YEAR 2023: $7,469/WK SALES YEAR 2022: $7,316/WK SALES YEAR 2021: $6,778/WK GROSS RENT: $2,343.50/MONTH ASKING PRICE: $75,000 GREAT VISIBILITY, AWESOME LOCATION...

$75,000

$75,000

High-Volume Longstanding Japanese Restaurant w/Property Chicago-45 Yrs

REAL ESTATE INCLUDED

Chicago, IL

A cherished destination for authentic Japanese cuisine, offering the perfect blend of traditional ambiance and flavorful dishes. Serving a wide array of incredible dishes including maki, sashimi,...

$990,000

$990,000

Cash Flow: $100,000

REAL ESTATE INCLUDED

Proven Smoke Shop Model For Sale

Chicago, IL

Low Labor Low Rent, PRICED LOW for Quick Sale...

$590,000

$590,000

Cash Flow: $165,000

2 Sub#1 Franchise For Sale In Downtown (Sold As A Package) Chicago

Chicago, IL

SALES 2024: $18,195/WK/UP 9% SALES 2023: $16,686/WK SALES 2022: $15,924/WK RENT: $9,000/MONTH FRESH FORWARD DECOR ++++++++++++++++++++++ SALES 2024: $12,334/WK/UP 2% SALES 2023: $12,146/WK UP 7% SALES...

$650,000

$650,000

2 Sub#1 Franchise For Sale In Downtown (Sold As A Package) Chicago

Chicago, IL

SALES 2024: $11,052/WK/UP 11% SALES 2023: $9,987/WK/UP 35% SALES 2022: $7,659/WK/UP 59% RENT: $5,800/MONTH FRESH FORWARD DECOR ++++++++++++++++++++ SALES 2024: $7,623/WK/UP 2% SALES 2023: $7,508/WK UP...

$474,000

$474,000

Sub#1 Franchise For Sale In Downtown Chicago Cook County

Chicago, IL

SALES YEAR 2024: $10,539/WK/UP 27% SALES YEAR 2023: $8,317/WK/UP 13% SALES YEAR 2022: $7,520/WK/UP 26% SALES YEAR 2021: $6,276/WK/UP 68% GROSS RENT: $4,496/MONTH ABSENTEE OWNER STORE WILL BE REMODELED...

$299,000

$299,000

Sub#1 Franchise For Sale In Chicago Cook County

Chicago, IL

SALES YEAR 2024: $6,716/WK SALES YEAR 2023: $7,641/WK/UP 6% SALES YEAR 2022: $7,332/WK/UP 20% GROSS RENT: $4,000/MONTH ABSENTEE OWNER CLOSE TO THE NEW UPCOMING CASINO. THIS STORE HAS NOTHING BUT...

$75,000

$75,000

2 Sub#1 Franchise For Sale In Downtown (Sold As A Package) Chicago, Co

Chicago, IL

SALES 2024: $6,765/WK SALES 2023: $7,459/WK UP 38% SALES 2022: $5,410/WK UP 49% RENT: $4,882/MONTH TUSCON 2 DECOR +++++++++++++++++++++ SALES 2024: $7,997/WK/UP 4% SALES 2023: $7,683/WK UP 26% SALES...

$275,000

$275,000

7 High Volume Sub#1 Franchises , Chicago ?For Sale As A Package

Chicago, IL

1 CHICAGO, COOK COUNTY 2024 $12,334/WK. $10,000 (RENT) ASKING PRICE: $125,000 2023 $12,146/WK. TUSCON DÉCOR 2022 $11,709/WK. 2 CHICAGO, COOK COUNTY 2024 $6,765/WK. $4,882(RENT) ASKING PRICE: $75,000...

$1,474,000

$1,474,000

Sarpino's Pizza For Sale In Chicago, Cook County

Chicago, IL

SALES YEAR 2024: $670,871 GROSS RENT: $4,200/MONTH ABSENTEE OWNER ASKING PRICE: $195,000 MONEY MAKER!!...

$195,000

$195,000

High-Volume Bar & Restaurant Franchise Chicago, IL - Sales Over $5.2M!

Chicago, IL

A truly unique social gathering place. A neighborhood bar & eatery with handcrafted cocktails, local & regional beers, unique wines and craveable food in an inviting, urban atmosphere. Offering an...

$3,999,000

$3,999,000

Cash Flow: $1,530,448

Prominent River West Restaurant Site

Chicago, IL

Step into a culinary haven in the heart of Chicago. This meticulously crafted 3,557 SF restaurant site offers a full commercial kitchen, providing the perfect canvas for ambitious culinary creations....

$150,000

$150,000

Established Corner Bar/ Restaurant Concept

Chicago, IL

Uncover the potential of this captivating 3,000 SF bar and grill concept located in one of Chicago's most well-known neighborhoods. The well-established location presents an exceptional opportunity...

$195,000

$195,000

South Shore Neighborhood Staple

Chicago, IL

Introducing a culinary institution with a rich legacy spanning over five decades, our restaurant has been a staple in the community, consistently delighting patrons with exquisite dining experiences....

$749,000

$749,000

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Very High Volume Sub#1 Franchise For Sale In South Loop

Chicago, IL

SALES WK OF 06/04/24 : $13,346 SALES WK OF 05/14/24 : $12,363 SALES WK OF 05/07/24 : $12,893 SALES WK OF 04/30/24 : $12,557 SALES WK OF 04/23/24 : $11,440 SALES WK OF 04/16/24 : $11,988 SALES WK OF...

$210,000

$210,000

Asset SaleTrademark and recipes for a true American icon!

Chicago, IL

The trademark, recipes, and other intellectual property for I-57 Rib House® are for sale! The brand launched as a family-owned restaurant in 1989 with the opening of our flagship restaurant at 1524...

$1,500,000

$1,500,000

Asset Sale
Asset Sale4 Store Taco Pros Network for sale- Chicago, Illinois

Chicago, IL

Rare Opportunity to acquire 4 Taco Pros Restaurants in Illinois All locations are in high traffic shopping centers in Chicago and surrounding areas. Deal Highlights * Price Reduced to $1,700,000 * 3...

$1,700,000

$1,700,000

Asset Sale
Asset SaleFully-Equipped Pizzeria The Loop/Downtown Chicago - Turnkey!

Chicago, IL

Currently offering Chicago-style thin, stuffed and pan pizzas along with pizza puffs, wings, salads, soups, sandwiches, hot dogs, burgers, chicken, sides and more. Plus, bottled sodas and desserts....

$99,000

$99,000

Asset Sale
Asset SaleTurn-Key Restaurant on Wicker Park's Restaurant Row

Chicago, IL

Restaurant Asset Sale and Lease Assignment in the popular Wicker Park neighborhood of Chicago. Second-generation restaurant with FF&E. 70+ Foot Frontage - All Glass. Patio Dining. Term: 2-1/2 Years +...

$300,000

$300,000

Asset Sale
Asset SalePizzeria & Italian Restaurant - Sought-After Bucktown/Wicker Park!

Chicago, IL

Incredible opportunity to step into a fully built-out and fully functioning restaurant in the heart of a bustling and trend-forward Chicago neighborhood. Saving on upfront build costs and months of...

$69,000

$69,000

Asset Sale
Asset SaleHangry Joe's Hot Chicken & Wings-Popular Chicago N Side Neighborhood!

Chicago, IL

The ultimate destination for mouthwatering authentic Nashville hot chicken. Known for their fresh, never-frozen chicken fingers, nuggets, bites, wings, wraps and sandwiches served Nashville-style with...

$140,000

$140,000

Asset Sale
Asset SaleHigh Traffic Location on Busy Blvd

Chicago, IL

Ideal Location Ready to open your own brand...

$45,000

$45,000

Asset Sale
Asset SaleProperty & Asset Sales Business

Chicago, IL

For the first time, great opportunity to buy restaurant with property , this location is on the market! Located in the heart of the Chicago metropolitan area, this building was established over 13...

$750,000

$750,000

Asset Sale
Real EstateNorthwest City Submarket - Property Only

Chicago, IL

Introducing a prime investment opportunity in Chicago, IL. This impressive property features a well-maintained 1,750 SF building with a rich history, dating back to 1951. Its B1-2 zoning offers...

$600,000

$600,000

Real Estate

Buy or Sell a Restaurant in Chicago, IL

Food and restaurant businesses are among the most common businesses bought and sold on BizBuySell. Whether you are a buyer or a seller, it is helpful to have some context on the local market. To provide that context, we have analyzed restaurant for sale listings in Chicago and aggregated financial data to help you compare and evaluate individual restaurant businesses.


Market Snapshot

Number of Businesses Analyzed  

44

Median Asking Price  

$267,000

Median Reported Revenue  

$800,000

Median Reported Earnings  

$108,000

Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.


Chicago, IL Restaurant Valuation Multiples

Range

Revenue

Earnings (SDE)

Lower Quartile

0.23

2.20

Median

0.41

3.13

Upper Quartile

0.63

3.70

Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price.


Read the Report:

Restaurant Business Valuation Multiples and Financial Benchmarks


FAQs

How much does it cost to buy a restaurant in Chicago?

The median asking price for restaurants in Chicago, IL is $267,000. However, prices can range significantly higher or lower depending on location, size, type, and the financial health of the business.

How much do restaurant owners earn?

Median revenue of restaurant businesses listed for sale in Chicago is $800,000, while the median reported owner’s discretionary earnings is $108,000. Earnings can vary greatly depending on the type of restaurant, location, management efficiency, and market demand.

How are restaurants in Chicago valued?

Most business owners (and buyers) will start by applying earnings and revenue multiples to the businesses reported financials. This way buyers and sellers can gauge the value of a restaurant business relative to its peers in the market.

Based on our most recent analysis of Chicago restaurant business listings, revenue multiples range from 0.23 to 0.63, with the median at 0.41. Earnings multiples range from 2.20 to 3.70, with the median at 3.13. This means restaurants in Chicago are valued, on average, around 0.41 times annual revenue, and 3.13 times annual owner earnings.

On average, businesses sell for about 80-90% of asking price, so valuation multiples based on active listings tend to be higher than closed sale multiples.


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