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- RE: Historic Restaurant & Bar Downtown Burlington, IL
- Contact: Brian O'Kelly
- License #: 475219308
Quick Facts
| Asking Price: | $75,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $75,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1970 | |
| Employees: | 6 | |
| BBN Listing #: | 1019153 | |
| Broker Reference #: | AACI-B-IL-BO |
Business Overview:
Turnkey Historic 1908 Restaurant & Bar Downtown - Burlington, IL!
“Renovated In 2023 - Fully Equipped Commercial Kitchen - Continue A Supper Club Or Bring Your Concept Here”
Own a piece of history for $75,000! Acquire the furniture, fixtures, equipment and existing build-out of a turnkey restaurant and bar in charming downtown Burlington. This one-of-a-kind establishment blends over a century of character with extensive modern improvements.
Three ways to acquire: buy the business assets with a new lease; lease the restaurant fully equipped, FF&E included; or buy the entire mixed-use building, equipment and two income-producing upstairs apartments for $600,000.
Inside, find an extraordinary original 1908 back bar, vintage tile flooring, antique mirrors, decorative tin ceilings and warm wood finishes, an atmosphere a modern build-out cannot replicate. 2023 upgrades also covered HVAC, roof, windows, tuckpointing and mechanicals.
The kitchen boasts a Rational combi oven, Globe 4ft char grill, Vollrath flat-top griddle, Dukers 4-burner range, Frymaster & Avantco fryers, Alto-Shaam & Lockwood holding cabinets, multiple refrigerators & freezers, a basement walk-in cooler and stainless prep equipment.
With costly infrastructure in place, focus capital on launching, branding and growing your concept. Bring your vision here!
Listed by Brian O’Kelly at EatZ & Associates / EatZ Real Estate Group LLC
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
Set along historic Main Street in the heart of Burlington, Kane County, this landmark restaurant draws neighborhood regulars and destination diners alike, with a dining heritage dating to 1970 and easy access to Hampshire, Elgin and the greater Fox Valley. Main Street sees 4,400 vehicles daily, with nearby Plank Road carrying 7,450-8,150 daily. The affluent trade area boasts a $123,836 township median household income and $384,800 median home value. Neighbors include a local tavern and shops, with Burlington Park’s community events close by and the Burlington Prairie Forest Preserve, home to a bison herd, just 1.6 miles away.
SqFt: 2,255 sqft Restaurant + Full basement
Seating: 14 Dining Tables + Bar
Hrs: We-Th 4p-8p, Fr-Sa 4p-9p, Su 4p-8p
Owners Role: Absentee
Training: Negotiable on-site comprehensive training
Lease: $4,500/mth, new modified gross lease
Property: 4,511 sqft freestanding two-story building on 0.13 acres plus adjoining lot, Class C commercial, street parking
Market Competition and Expansion:
A rare chance to skip the time, money and start-up costs of building from scratch, with FF&E replacement cost estimated at $250,000-$400,000. Whether you’re an owner-operator seeking an affordable entry into restaurant ownership, an experienced restaurateur looking to expand or a chef ready to launch your own concept, this opportunity offers a desirable downtown setting, an established dining room and move-in-ready space in one of Kane County’s charming historic districts.
The historic bar, dining room and kitchen suit a steakhouse, chophouse, Italian restaurant, casual American eatery, gastropub, upscale tavern, neighborhood bar & grill, chef-driven concept or private event space. Current dinner-only hours leave clear upside: add lunch, weekend brunch, expanded hours, plus private parties and special events. Burlington also permits licensed video gaming establishments, a potential added revenue stream. For buyers continuing the existing concept, an established online presence, reservation capabilities and longstanding customer recognition provide a valuable head start.
Reason for Selling:
Has other business interests and cannot devote the time/attention it deserves. 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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