4Active Listings
$166KAvg Asking Price
19Sold

Chicago Restaurants for Sale

There are more than 11,500 restaurant and foodservice locations operating in the City of Chicago, generating an estimated $10 billion in annual sales. More than 150,000 people are employed in Chicago's restaurant and foodservice industry, making hospitality one of the city's largest private-sector employers. From neighborhood diners and ethnic eateries to nationally recognized steakhouses, fine dining establishments, and quick-service concepts, restaurants are a major contributor to Chicago's economy and culture.

Chicago restaurants for sale are something many buyers explore due to the city's large population, thriving tourism industry, and internationally recognized dining scene. Chicago attracts more than 50 million visitors annually while serving nearly 2.7 million city residents. From The Loop and River North to Lincoln Park, Wicker Park, West Loop, and Hyde Park, restaurants benefit from a diverse customer base and strong demand across every dining category.

It's no wonder those buying a business flock to Chicago restaurants for sale offered by Restaurant Brokers. Restaurants are an influential part of Chicago's economy. The city's position as a major business, convention, transportation, and tourism hub creates opportunities for restaurant owners ranging from neighborhood concepts to destination dining establishments.

Resources for Buying Chicago Restaurants for Sale

Buying a Chicago Restaurant for Sale is a team sport and you may need all kinds of help. Our Restaurant Broker© team has plenty of resources and aid for you. Here’s a starting point for the most common requests: 

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    Aurora Restaurant for Sale - 3,948 SF, Liquor License, & 18-Ft. Hood
    Aurora, Colorado
  • 1775802384Anthony’sCoverPhotoWSR.png
    Profitable Pizza Franchise for Sale in Aurora, $178K+ Owner Benefit!
    Aurora, Colorado
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    Gong Cha in Aurora Franchise for Sale! Keep Brand or Convert!
    Aurora, Colorado
  • 3D Tour
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    Profitable Franchise for Sale in SC!! Over 1 Million in Sales!!
    Elgin, South Carolina
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    Southlands Area, Turnkey Pizza Restaurant for Sale! Keep or Convert
    Aurora, Colorado
  • 1771394120FatShackCoverPhoto.jpegSOLD
    Established Franchise for Sale in Aurora w/Hood and Grill
    Aurora, Colorado
  • 1756106467CrispyWingswithDippingSauce.pngSOLD
    Sports Bar and Grill for Sale in Aurora - $1.63M+ Sales!
    Aurora, Colorado
  • 1750056227Screenshot_Brisket.jpgSOLD
    Turnkey Franchise BBQ Restaurant for Sale - Priced to Move!
    Aurora, Colorado
  • 1750053479AdobeStock_948654135.jpegSOLD
    Sandwich Shop Franchise for Sale in Aurora $100,000+ Owner Earnings!
    Aurora, Colorado
  • 1730406989pizza-1344720_960_720.jpgSOLD
    Very Profitable Pizza Restaurant for Sale in Aurora, CO.
    Aurora, Colorado
  • _2023-02-23_22_55__2021-10-06_20_19_Pizza_generic.jpgSOLD
    Turnkey Pizza Restaurant for Sale - Beautiful Buildout and Priced to Sell
    Aurora, Colorado
  • _2023-02-14_13_19_A.jpgSOLD
    Lunch & Breakfast Restaurant for Sale- Large Profit From Small Investment!
    Aurora, Colorado
  • _2022-08-22_10_20_a.jpgSOLD
    Super Sized Iconic Sports Bar & Grill Price to Go at only $170,000
    Aurora, Colorado
  • _2021-10-02_14_48_Pizza (2).jpgSOLD
    Profitable Pizza Restaurant for sale in Aurora, Colorado
    Aurora, Colorado
  • _2021-08-04_00_46_A.jpgSOLD
    Profitable Chinese Restaurant for Sale near Southlands
    Aurora, Colorado
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    Pizza Restaurant for sale in Aurora, Colorado
    Aurora, Colorado
  • 6617-9a3cf25b6d32245e07c4fdcb77008c1a.jpgSOLD
    Profitable Restaurant for Sale in Aurora, Colorado. Priced to Sell!
    Aurora, Colorado
  • _2019-02-27_14_56_photo-1542634093-e0198d4d1e46.jpgSOLD
    Restaurant and Bar for Sale concept with brand new beautiful build out!
    City Confidential, Colorado
  • _2019-03-28_09_57_6215.jpgSOLD
    Bar for Sale in Aurora, Colorado with Strong Earnings
    Aurora, Colorado
  • _2018-06-20_12_54_pizza-2000615_1280.jpgSOLD
    Pizza Restaurant For Sale, Brand New Build-out in Prime Location
    Aurora, Colorado
  • 3348-coffee-563797_960_720.jpgSOLD
    Turnkey Coffee Shop For Sale in Arapahoe County, Colorado
    City Confidential, Colorado
  • 47292-pizza.jpgSOLD
    Priced reduced! Highly Profitable Pizza and Pasta Restaurant For Sale in Aurora, CO! Great Opportunity!
    Aurora, Colorado
  • 69434-Pic_7.jpgSOLD
    Profitable Frozen Yogurt Shop for Sale in Aurora, CO is One-of-a-Kind!
    Aurora, Colorado
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    Frequently Asked Questions

    Frequently Asked Questions: Chicago Restaurants for Sale

    What is the average price of a restaurant for sale in Chicago? Independent restaurants typically list between $75,000 and $750,000. Established restaurants in prime locations and high-volume franchise operations can sell for more than $1 million.

    Can I buy a Chicago restaurant with an SBA loan? Yes. Many Chicago restaurant acquisitions qualify for SBA 7(a) financing. We Sell Restaurants can connect buyers with experienced restaurant lenders.

    How long does it take to sell a restaurant in Chicago? Most sales close within 3 to 9 months. Strong financial records, favorable lease terms, and qualified buyers help transactions move faster.

    What is my Chicago restaurant worth? A Certified Restaurant Broker can provide an opinion of value that will include comparable pricing. He or she is a market specialist that can adjust for location, lease terms, equipment condition, sales trends, and profitability.

    How do I sell my restaurant in Chicago? Start with a free valuation from a Certified Restaurant Broker. We handle confidential marketing, buyer qualification, negotiations, and transaction management.

    What licenses do I need to take over a restaurant in Chicago? Generally a City of Chicago Retail Food Establishment License, Certified Food Protection Manager certification, Illinois sales tax registration, Certificate of Occupancy, and any applicable city permits. Additional licenses are required for alcohol sales.

    Do I need a broker to buy or sell a restaurant in Chicago? Not legally, but a Certified Restaurant Broker helps maintain confidentiality, qualify buyers, manage due diligence, and guide the transaction from listing to closing.

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    Quick Info:

    More than 11,500 Restaurants

    Estimated $10 Billion in Annual Restaurant Sales

    150,000+ Employed in Chicago Restaurants

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    Chicago Restaurants for Sale