Chicago, IL

Restaurants and Food Businesses For Sale in Chicago, IL

Showing 57 results sorted by
Market Info
Real EstateCatering/Carry Out/Dine In ~ High Visibility Traffic Area

Chicago, IL

In an area with consistent traffic and a corner lot with lots of parking, you are sure to make this business grow. This ongoing family catering business is ready to sell and looking for a new owner to...

$190,000

$190,000

Real Estate
Real EstateHigh-Volume Longstanding Japanese Restaurant w/Property Chicago-45 Yrs

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

Real Estate
Real EstateBrand New Taylor Street Retail Available

Chicago, IL

Unlock the potential of your business in this stunning 1,400 SF retail space, ideally situated on the ground floor of a brand-new mixed-use building in the heart of Chicago’s vibrant Little Italy...

Not Disclosed

Real Estate

Not Disclosed

Real EstateOne of a Kind Restaurant/Hospitality Spaces at The Lofts at River East

Chicago, IL

Flagship second-generation restaurant/hospitality space in the heart of Chicago's Streeterville neighborhood. Join Target, Carson’s Ribs, Cupitol, Robert's Pizza and Wu's Korean BBQ (coming soon) at...

Not Disclosed

Real Estate

Not Disclosed

Real Estate2nd Generation Restaurant in West Loop For Lease

Chicago, IL

This 2nd generation restaurant is fully improved and includes mechanical, electrical, and plumbing systems, three black iron exhaust systems, and an array of kitchen equipment, retail displays,...

Not Disclosed

Real Estate

Not Disclosed

Real EstateWest Loop Commercial Space For Lease

Chicago, IL

Introducing the prime leasing opportunity at 324 South Racine Avenue in Chicago. This distinguished property features a unique design, expansive floor plans, and amenities perfectly suited for diverse...

Not Disclosed

Real Estate

Not Disclosed

Real EstateUkrainian Village Restaurant For Lease

Chicago, IL

Landmark corner restaurant space for lease in Chicago's Ukrainian Village neighborhood. Available for the first time in over fifty years this architecturally significant building is currently being...

Not Disclosed

Real Estate

Not Disclosed

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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