Business, Real Estate, Equipment

Business Opportunity for Sale
Catylist Listing ID: 30766658
Property Subtypes: Food and Beverage
Building Size (RSF): 1,098 SF
Sale Price: $369,000
Name of Establishment: Johnsons Fish & Shrimp
Year Business Established: 1947
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Living Accomodations: Yes
Sale Terms: Cash to Seller
Last Updated: 10/20/2021

Overview / Comments

Johnsons Fish & Shrimp, since 1947, third generation carry out restaurant is now for sale. Business, Real Estate and Equipment opportunity sitting on three parcels along Central Avenue and the SE corner with Miami Street. Three buildings in all; 1,098 SF restaurant (includes all F, F & E), a residence (commonly known as 2529 Miami St.), first floor consists of 1,055 SF and has 2 bedrooms, 1 bath, kitchen, living room, mud room/mechanicals (additional attic loft converted with 1 bedroom with bath) and a 22' x 36' detached garage with 2 OHDs servicing as parking for the residence and warehousing for the restaurant.
Restaurant has continually operated despite pandemic and is for sale as ownership in no longer local. All fixtures, furniture and equipment included for turn key operation. Ownership offers to transition new operator. SFD is currently leased month to month.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Industry Segment: Restaurants
Reason for Selling: Family run since 1947, ownership no longer local.
Value of Inventory Included ($): $5,000
Value of Furniture, Fixtures, and Equipment ($): $25,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $250,000
Employee/Labor Description: Currently six employees not including owner.
Mgmt/Training Support Description: Ownership offers to transition new operator.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,254 52,103 123,197
Median Age: 36.19 36.7 37.29
Households: 1,997 20,126 47,456
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