Legendary IL Dining Establishment W/Property
Not Disclosed, IL Mchenry County
Far Northwest Suburb of Chicago, IL
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- RE: Legendary IL Dining Establishment W/Property
- Contact: Ted Aretos
- License #: 475179242
Quick Facts
| Asking Price: | $1,200,000 | |
| Annual Revenue: | $1,467,960 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $263,879 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $200,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1945 | |
| Employees: | 15 | |
| BBN Listing #: | 1019138 | |
| Broker Reference #: | BFI-H-IL-TA |
Business Overview:
Legendary Illinois Dining Establishment w/Property - Dining, Bar, Gaming & Banquets!
“8,000 SqFt Freestanding Building On 3.22 Acres On A Primary Regional Corridor”
Established 81 years, this independent full-service restaurant offers an incredible, crowd-pleasing menu of prime rib, steaks, seafood, broasted chicken, hearty sandwiches, Italian favorites, house specialties and homemade desserts, plus daily specials, a signature Friday fish fry and popular Sunday brunch!
Features a welcoming entry, classic dining rooms, a full bar and warm, inviting cocktail lounge with a private gaming area housing 5 state-of-the-art video gaming machines, plus flexible private-event and banquet rooms perfect for weddings, birthdays, graduations, showers, community functions, business outings, corporate events and more. A full commercial kitchen is set up for high volumes. Dine-in, carryout and catering.
Boasts multiple revenue streams with 2025 gross sales of $1,467,960, net operating income of $263,879 and gaming revenue of $128,743! No royalty, advertising or transfer fees. An experienced kitchen manager and long-term, dedicated staff are already in place. Retiring owner offers a rare opportunity to acquire a truly turnkey operation with proven systems and established customer relationships! Ideal for a hands-on operator or seasoned restaurateur ready to grow sales even further!
Contact the Seller:
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Property Features and Assets:
Situated in a far northwest suburb of Chicago near the Illinois-Wisconsin state line. Prime retail location featuring a prominent monument sign at the entrance and ample parking for 100 vehicles. The lot simultaneously accommodates dining, lounge and banquet operations, plus tour buses for large organized group events.
Enjoys strong visibility and easy access from a well-traveled state route. Consistent week-to-week traffic from nearby big box retailers is complemented by event venues, golf, recreation, conservation areas, seasonal surges and border-area visitors. Well-maintained, single-story building, refurbished in 1987 and ready to operate. Sale includes FF&E (furniture, fixtures and equipment) valued at $200,000; inventory of $20,000 is not included in the asking price.
SqFt: 8,000 (+ Basement Storage)
Seating: 230
Hrs: Tu-Th 11:30a-9p, Fr-Sa 11:30a-10p, Su 9:30a-9p (Closed Mondays)
Owners Role: Owner Operated (Supervisory)
Training: Negotiable On-Site Training With Transition Assistance
Property: Owned & Included With Low Real Estate Taxes $14,743
Market Competition and Expansion:
Old-school comfort food and home-cooked goodness that keeps guests coming back week after week! All dinners are served with a classic relish tray, soups are made fresh daily, and dressings and potatoes are homemade. A fully stocked bar offers an upgraded wine and liquor menu, complemented by live piano entertainment.
Well known for amazing food, classic supper-club ambiance and exceptional, friendly service, it’s a popular place to celebrate milestones or host special events in-house. Operating under the same name since 1946, this iconic dual-state landmark and beloved institution is a sought-after destination dining experience with a loyal, multi-generational following and a huge regional draw from northern Illinois and south-central Wisconsin.
Highly rated and recommended, with an outstanding reputation and strong community goodwill to build upon for another 80 years! Growth opportunities for a new owner include expanding hours, enhanced banquet marketing and additional off-site catering services to further increase revenue.
Reason for Selling:
Retiring. Kindly ask the seller for more information.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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