Illinois

Restaurants and Food Businesses For Sale in Illinois

Showing 290 results sorted by
Restaurant - $100k Per Month - Great Deal

Illinois

This SUPER HOT restaurant does over $100,000 per month. It is open limited hours!!! There is no alcohol served. The rent is very fair and the space is over 8000 sq. ft. Many staff members have been...

$298,000

$298,000

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

Restaurant with Full Bar Business for Sale in Third Lake IL

Third Lake, IL

Buy this fully built, second generation restaurant and Bar Business for Sale in Third Lake, Illinois. At 2,500 square feet with seating for 85 and a Full Liquor License, this turn key space is ready...

$250,000

$250,000

Asset SaleBuilt-Out Equipped Pizza Place Plainfield, IL - On Route 59!

Plainfield, IL

Built-Out Equipped Pizza Place Plainfield, IL - Plainfield Commons On Route 59! "In A Busy Well-Established Neighborhood Strip Center At Route 59 & 135th St Across 3 Large Shopping Centers" A rare...

$59,000

$59,000

Asset Sale
Asset SaleSuccessful Wing&Burger Spot! Pizzeria! Works great

Hickory Hills, IL

Operating business since 2018 great for wing/pizza shop! Active plaza! Works for many great food businesses whether you’re selling burgers, pizza or even Indian food. Equipped with walk-in cooler,...

$65,000

$65,000

Asset Sale
Asset SaleFully Equipped Pizza Place Westchester, IL - Turnkey!

Westchester, IL

Fully Equipped Pizza Place Westchester, IL - Turnkey! "In A Busy Strip Center On Roosevelt Rd, A Major East-West Arterial & Retail/Service Corridor With Over 30,000 VPD" An exceptional opportunity to...

$59,000

$59,000

Asset Sale
Asset SaleFully Built-Out Fast-Food Restaurant - Sought-After Northwest Suburb!

Cook County, IL

A fully built-out restaurant space featuring a modern, professionally built-out space with high-quality furniture, fixtures and equipment located on a proven retail and dining corridor. Asset sale -...

$40,000

$40,000

Asset Sale
Asset SaleTurnkey café asset in a prime Chicago neighborhood

Chicago, IL

TURNKEY CAFÉ ASSET ACQUISITION OPPORTUNITY - CHICAGO A comprehensive asset acquisition opportunity in Chicago's thriving café market. This fully operational establishment offers immediate market entry...

$85,000

$85,000

Asset Sale
Asset SaleNorthwestern University | Evanston Waffle Shop – Asset Sale

Evanston, IL

Rare opportunity to acquire an operating waffle shop in a prime downtown Evanston location, just steps from Northwestern University. Situated next to Paris Baguette, this highly visible storefront...

$50,000

$50,000

Asset Sale
Asset SalePattenhouse Restaurant

Geneva, IL

Location! Location! Location! This 8,000 sq. ft. building is surrounded by famous downtown third street shopping in Geneva IL. The Pattenhouse Restaurant seats about 270 people including outside patio...

$3,900,000

$3,900,000

Asset Sale
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 SaleAdult club DeSoto IL

De Soto, IL

Club Coyote is located on a major road in De Soto, Illinois and is one of only two adult clubs in the surrounding area. This free-standing building is big at 7,200-sf and offers full alcohol service....

$150,000

$150,000

Asset Sale
Asset SaleTurnkey Restaurant in a Prime Elmhurst Downtown Location

Elmhurst, IL

Turnkey Restaurant – Prime Downtown Elmhurst Location – Low Rent, Priced to Sell! Excellent opportunity to take over a fully built-out former franchise restaurant in the heart of Downtown Elmhurst....

$50,000

$50,000

Asset Sale
Asset SaleFully-Equipped Restaurant & Bar w/Gaming River Grove, IL - Grand Ave!

River Grove, IL

Fully-Equipped Restaurant & Bar w/Gaming River Grove, IL - On Busy Grand Ave! "2,850 SqFt Freestanding Building With Prominent Signage, Strong Visibility & Ample Shared Parking" An incredible...

$125,000

$125,000

Asset Sale
Asset SaleTurnkey Cafe Business Ready For New Ownership

Des Plaines, IL

Prime asset sale opportunity in Des Plaines, Illinois featuring a cafe operation established in 2024. This package includes all equipment, inventory, and operational setup necessary for immediate...

$29,000

$29,000

Asset Sale
Asset SaleREDUCED! EDIBLE Arrangements, Long-Established, PROFITABLE for sale!

DuPage County, IL

After 20 years of great sales & profits, the owner is ready to RETIRE! Edible Arrangements as a company, just CELEBRATED their 25 YEAR ANNIVERSARY! Become part of a GREAT brand, WONDERFUL product...

$99,000

$99,000

Asset Sale

Michael Stavrinakis

Stavrinakis Franchise & Business Brokerage

Serving Cook County, IL

Michael Stavrinakis specializes in the sales of multiple businesses and franchises. Specializing in food & beverage related busi With over 3 decades of relative industry experience, Michael Stavrinakis specializes in the sales of multiple businesses and franchises.  Michael was recently awarded the #2 broker award for our enitre newtwork of brokers of about 180 brokers spanning the USA and 19 Countries abroad. Specializing franchise and independent business resales and start ups Michael’s first hand experience as a restauranteur, former franchisor and current franchisee ads the absolute relative exprience and knowledge to help his clients find the perfect matcha and grow a successful business. Count on Michel to work with you on every step of the sale & purchase process. Let’s chat now click here: https://shorturl.at/bgkN5 Let’s Connect via Linkedin: https://www.linkedin.com/in/michaelstavrinakis/  or book a call on Michael’s calendar here: https://calendly.com/mstavrinakis/intro-call

Contact Me >

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Asset SaleRetiring After 50 Years! Very Profitable Italian Restaurant, Pizzeria

Grundy County, IL

~~~AFTER being in the far western suburbs for OVER 50 YEARS, this owner is ready to hang his hat & RETIRE~~~ This INCREDIBLY WELL-KNOWN & POPULAR Establishment began long ago, but with the founder's...

$1,279,000

$1,279,000

Asset Sale
Asset SalePizza Restaurant For Sale

Poplar Grove, IL

Established pizza restaurant. This family owned restaurant has a proven track record of success. This is a turn-key operation ready for new ownership....

$65,000

$65,000

Asset Sale
Real EstateLongstanding Highly-Rated Italian Restaurant w/Property - 27 Years!

Cook County, IL

Longstanding Highly-Rated Italian Restaurant w/Property Northwest Suburb of Chicago - 27 Years! "Freestanding Building With A Large Patio At A Major Intersection" Serving delicious authentic,...

$1,100,000

$1,100,000

Real Estate
Real EstateSouth Loop Restaurant Spaces at Pointe 1900

Chicago, IL

Two restaurant-capable spaces with parking available for lease at Pointe 1900 in Chicago's South Loop. The corner space (1,421 SF) is a second-generation restaurant space with full restaurant...

Not Disclosed

Real Estate

Not Disclosed

Real EstateHumboldt Park Corner Restaurant For Lease

Chicago, IL

Prime corner restaurant space available in the heart of Chicago’s vibrant Humboldt Park neighborhood. This fully built-out, second-generation restaurant offers turnkey convenience with a complete...

Not Disclosed

Real Estate

Not Disclosed

Real EstateFreestanding Fast-Food Restaurant w/Drive-Thru Posen, IL-On 147th St!

Posen, IL

Fully-Equipped Freestanding Fast-Food Restaurant w/Drive-Thru Posen, IL - On 147th St! "On One Of The Most Trafficked Thoroughfares In Posen Minutes From I-57, I-294 & IL-83" Incredible opportunity!...

$950,000

$950,000

Real Estate
Real EstateThe Burlington | 3-Unit Mixed-Use with Tavern License

Chicago, IL

3245 W Fullerton offers a rare opportunity to acquire a 3-unit brick mixed-use building in the heart of Logan Square, one of Chicago’s most sought-after neighborhoods. The property features a 2,900 SF...

$1,275,000

$1,275,000

Real Estate
Real EstateBeloved Freestanding Bar w/Kitchen Bellwood, IL - Property Included!

Bellwood, IL

Beloved Freestanding Bar w/Kitchen Bellwood, IL - Property Included! "Surrounded By A Dense Residential Area Of Homes Near Retail & Services + Close To Several Large Industrial Parks" A rare...

$650,000

$650,000

Real Estate
Real EstateFreestanding Restaurant w/Drive-Thru Oak Forest, IL - With Property!

Oak Forest, IL

Turnkey Freestanding Restaurant w/Drive-Thru Oak Forest, IL - With Property! "On Busy 167th St With 18,000+ VPD Near Cicero Ave With 34,000+ VPD" Previously operated as a popular sandwich shop...

$325,000

$325,000

Real Estate
Real Estate805 SF Commercial Space for Lease in Prime Old Town Location

Chicago, IL

Take advantage of this 805 square foot commercial space in the heart of Chicago’s vibrant Old Town neighborhood. Formerly used as a bakery, this versatile storefront features large display windows...

Not Disclosed

Real Estate

Not Disclosed

Real EstateThe Place to Go, Banquet Hall., Restaurant, Bar & Video Gaming

Country Club Hills, IL

The Hidden Potential...

Not Disclosed

Real Estate

Not Disclosed

Real EstateLincoln Square/Ravenswood Small Shop Space

Ravenswood, IL

Architecturally distinctive retail condominium featuring a sleek, butt-glazed glass storefront that offers strong visibility and modern curb appeal. The space benefits from 12’ ceiling heights,...

$399,000

$399,000

Real Estate
Real EstateFully Equipped Restaurant for Sale or Lease

West Dundee, IL

Fully Equipped Premier Downtown Restaurant with Scenic Fox River Views Nestled in the heart of downtown W. Dundee, this turnkey 8,161 SF three-level, elevator equipped restaurant plus basement, seats...

$1,250,000

$1,250,000

Real Estate
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-Profile Restaurant/Retail/Business Opportunity on Central Street

Evanston, IL

Available for lease. Great restaurant or business opportunity in the heart of Evanston’s highly desirable Central St corridor with approved plans for redevelopment. This 2,500 sq ft building situated...

Not Disclosed

Real Estate

Not Disclosed

Real EstateLincoln Square/Ravenswood Small Shop Space

Ravenswood, IL

A rare chance to secure retail space in a prime location! Two adjacent units, previously home to long-standing furniture stores, are now available for lease. Join a dynamic mix of neighboring...

Not Disclosed

Real Estate

Not Disclosed

Real EstateFully Renovated Free Standing QSR with Drive-thru - Joliet

Joliet, IL

Introducing a premier investment opportunity in the thriving Joliet area. This recently redeveloped 3,339 SF building features new state-of-the-art equipment, an indoor dining room, spacious outdoor...

$1,995,000

$1,995,000

Real Estate
Real EstateDowntown Evanston Restaurant & Bar/Retail Opportunity

Evanston, IL

SVN Chicago Commercial is pleased to present an amazing second-generation restaurant/retail opportunity in downtown Evanston, IL - steps to the Northwestern University campus. This ±10,000 SF space...

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 EstateHotel Restaurant for Lease in Northbrook

Northbrook, IL

Ambiance: The restaurant boasts a modern, elegant design, with large windows that flood the space with natural light. The interior features stylish decor, comfortable seating, and a warm color...

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

Real EstateTurn Key Grill & Bar with $$$ Grandfathered Video Poker

Frankfort, IL

Opportunity on high traffic Route 30 bar/lounge/beer garden and development opportunity on 2 acres (adjacent acre can also be purchased). Collect bank with grandfathered gaming machines. *Recently...

$1,500,000

$1,500,000

Real Estate
Start-upOwn Your Own Coffee shop/No Royalties /Hard Bean Cafe

We are coffee business specialists with, collectively, over 150 years of experience in the food/drink service industry and franchise industry who want to use our experience to help you open your own...

$5,000

$5,000

Start-up
Buy or Sell a Restaurant and Food Business in Illinois
Market OverviewListed for Sale
Number of Businesses Analyzed83
Median Asking Price$325,000
Median Reported Revenue$744,363
Median Reported Seller's Discretionary Earnings$137,725
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings.

Asking Price

Lower QuartileMedianUpper Quartile
$177,500$325,000$610,000

Market Financial Highlights

The financial data presented here is an aggregation of reported revenue and earnings of Restaurants and Food Businesses for sale in Illinois.

BoundRevenueSeller’s Discretionary Earnings
Lower Quartile$539,000$87,248
Median$744,363$137,725
Upper Quartile$1,390,977$202,902

Valuation Multiples

The valuation multiples listed below are derived from asking price, revenue, and seller’s discretionary earnings of Restaurants and Food Businesses listed for sale in Illinois.

BoundRevenue MultipleEarnings Multiple
Lower Quartile0.331.83
Median0.442.56
Upper Quartile0.743.98
Find out what these types of businesses actually sell for with a BizBuySell Valuation Report

FAQ's

How much does it cost to buy a Restaurant and Food Business in Illinois?

The median asking price for an established Restaurant and Food Business in Illinois is $325,000, though prices range from under $177,500 to well over $610,000.

How much do Restaurants and Food Businesses owners in Illinois earn?

The median reported revenue of Restaurants and Food Businesses in Illinois is $744,363 and owners earn a median of $137,725, which includes the owners salary and any other financial benefits they receive.

How do I value a Restaurant and Food Business?

Valuing a business is a complex process, but buyers and sellers often turn to the local market to understand how businesses are priced. Based on our most recent analysis of Restaurants and Food Businesses in Illinois, revenue multiples range from 0.33 to 0.74, with a median of 0.44. Earning multiples range from 1.83 to 3.98, with the median at 2.56. This means the typical Restaurant and Food Business in Illinois may ask for around 0.44 times its annual revenue, and 2.56 times its annual owner earnings.

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