NOT DISCLOSED, Illinois
| Asking Price |
$225,000 |
Year Established |
2006 |
|
| Annual Revenue |
$1,081,477 |
Reason for Selling |
Need to focus on other business. |
|
| Annual P/L |
$0 |
Attention |
Tim Ryan |
|
| Annual Cash Flow |
$0 |
Listing Number |
1018896 |
|
| # of Employees |
20 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
Popular Longtime Historic Downtown Pub w/Gaming Far Northwest Suburb of Chicago - Nearly $1.1M In Sales!
“A Rare Opportunity To Acquire One of Kane County’s Premier Downtown Hospitality Venues”
This independent bar & grill has served loyal guests for nearly two decades and offers a beautifully built-out, fully equipped, revenue-producing facility. Two separate full-service bars, a vibrant main-floor pub and a private upstairs bar with its own street entrance, create multiple revenue centers under one roof. The upstairs is ideal for private celebrations, sports watch parties, live entertainment, fundraisers and corporate events. Owners invested heavily refreshing the concept, menu and branding while preserving its classic charm: exposed brick, warm wood finishes, abundant TVs and multiple dining areas. Six recently added video gaming terminals create a new high-margin revenue stream requiring virtually no additional labor.
This asset sale includes extensive FF&E: draft beer systems, keg cooler, walk-in cooler and freezer, hood, 6-burner range w/oven, grill, flat top, fryers and POS. With no franchise, royalty or transfer fees, a buyer can continue the concept or create a gastropub, sports bar, tavern or taproom. Ideal for expanding restaurateurs, owner-operators or investors seeking substantial replacement value.
Property Features and Assets:
<p>Prime retail space in an attractive two-story historic building in the heart of the city’s historic downtown. Boasts great signage, exceptional main street frontage, high visibility and strong pedestrian and vehicle traffic. Convenient public parking includes a large city parking garage serving both daily guests and large private events. Perfectly situated along the community’s historic main street, the venue benefits from daily shopping, nightlife and entertainment, plus year-round community events and festivals that continually drive customers into the district. The surrounding downtown continues to benefit from ongoing redevelopment and public investment, creating an increasingly vibrant destination for dining and entertainment.</p><p><br>SqFt: 4,500 + Basement For Storage<br>Seating: 310<br>Hrs: Daily 11a-2a<br>Owners Role: Owner operated (active day-to-day) with full-time manager<br>Training: Negotiable on-site comprehensive training<br>Lease: $6,806/mth gross, expires Nov 2026 with two 5-year options; attractive rent-to-sales ratio for an incoming owner, difficult to duplicate in today’s market<br></p>
Market Competition and Expansion:
<p>Much more than a traditional pub, this local favorite attracts lunch, dinner, happy hour and evening crowds. One of the area’s best-known independent neighborhood pubs, it offers a warm, classic ale-house feel with historic character and serves as a neighborhood meeting place, particularly evenings and weekends. Appeals to nearby professionals, families, couples, groups, sports fans, craft beer enthusiasts, weekend visitors and late-night customers. </p><p>A popular upscale gastropub and “go-to” casual dining and drinking destination, it has built a strong following with elevated pub food, an extensive craft beer selection, creative cocktails and late-night socializing. Guests consistently praise the excellent food, friendly atmosphere and welcoming environment. Its highly walkable historic district is the city’s primary entertainment corridor, bringing a steady mix of residents and visitors. A proven long-time eating and drinking establishment, its well-established reputation makes it one of the most desirable full-service bar & grill sites in Chicago’s northwest suburbs!<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity