Exceptional Turnkey Restaurant & Bar

Business Overview:

Exceptional Turnkey Restaurant & Bar - Historic Downtown Sycamore, IL

"Estimated Build-Out Value $250,000-$400,000 - Full Bar With 24 Taps & Kitchen With 3 Pizza Ovens"

Exceptional opportunity to own or lease a beautifully renovated, fully equipped restaurant and bar in a prime downtown setting!

This freestanding historic property underwent extensive renovations in 2021–2022, including doubling the commercial kitchen. Estimated replacement costs of up to $400,000 offer substantial savings over building from scratch.

Three acquisition options: Purchase real estate with FF&E for $850,000; acquire business assets, trade name and goodwill for $75,000 with a new $6,000/month lease; or lease the fully equipped establishment for $6,000/month, with negotiable terms.

Features include an attractive dining room with exposed brick, wood flooring, contemporary finishes and varied seating; impressive full-service bar with extensive liquor displays and TVs; Micro Matic draft system; two dedicated walk-in coolers; wood-fired and electric deck ovens; commercial ventilation; Hobart mixer; dough roller; fryers; refrigeration and extensive preparation equipment.

Currently operating as an independent pizza tavern, craft beer destination and whiskey bar offering New York/Detroit-style pizzas, wood-fired specialties, pastas, wings and premium spirits.

Ideal for conversion into an Italian restaurant, sports bar, gastropub, taproom, neighborhood grill, franchise or entirely new concept.

Contact the Seller:

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Property Features and Assets:

Prime location in charming, walkable Historic Downtown Sycamore, surrounded by restaurants, boutiques, entertainment, professional offices and civic destinations. Prominent State Street (Route 64) frontage provides approximately 6,650 vehicles daily (IDOT 2025), just one block from DeKalb County Courthouse.

Nearby attractions include Sycamore State Theatre, Public Library and Midwest Museum of Natural History. Convenient to schools, Ideal Industries headquarters, established neighborhoods and Northern Illinois University, approximately six miles away. Free street and nearby public parking.

Annual Pumpkin Festival draws thousands; downtown offers year-round activity. Strong demographics: 37,704 residents within five miles, median household income approximately $84,120, 71.6% owner-occupied housing and only 3.5% reported downtown retail vacancy.

SqFt: 3,221 + Basement Storage; 4,045 SF lot

Seating: Ample

Hrs: Tu-Th 4-9, Fr 4-10, Sa 11-10, Su 11-8 (Closed Mon)

Owners Role: Absentee

Training: Negotiable comprehensive on-site

Lease: $6,000/month modified gross; terms negotiable

Property: Owned; freestanding 1930 building; C-2 zoning; taxes $5,983

Market Competition and Expansion:

Rare turnkey opportunity for aspiring entrepreneurs, experienced restaurateurs, expanding restaurant groups and investors seeking to avoid costly construction, lengthy permitting and start-up delays. Major capital improvements, valuable equipment and flexible acquisition options provide a competitive advantage in an established downtown dining and entertainment market.

Significant upside exists for an engaged owner/operator. Introduce weekday lunch and Monday service to capture courthouse employees, downtown professionals, residents and additional daytime customers. Expand corporate catering, private parties, celebrations and community functions.

Strengthen online ordering, third-party delivery, takeout promotions, social media and targeted digital advertising to increase market reach. Develop seasonal menus, festival specials and promotions surrounding popular downtown events.

Enhance beverage sales through specialty cocktails, rotating craft selections, whiskey tastings and themed events. Explore licensed video gaming, permitted in Sycamore, as another potential revenue opportunity.

Existing infrastructure also accommodates repositioning or rebranding without the expense and delays of constructing an entirely new restaurant.

Reason for Selling:

Has other business interests and cannot devote the time/attention it deserves. Kindly ask the seller for more information.

Additional Details:

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