Beloved Long-Established Restaurant & Banquet Hall

LYONS, Illinois

Asking Price	$1,500,000	Year Established	1984
Annual Revenue	$0	Reason for Selling	Retiring.
Annual P/L	$0	Attention	Theo Theodosiadis
Annual Cash Flow	$0	Listing Number	1019082
# of Employees	15	Business Category	Food & Beverage: Restaurants, Fast Food, Deli

Business Overview:

Beloved Long-Established Restaurant & Banquet Hall w/Property Lyons, IL - 42 Years!

“And Semi-Private Gaming Area With Gaming Revenue Of $82,947!”

An incredible opportunity to acquire an iconic full-service restaurant and banquet facility, including its real estate, on a heavily traveled corridor. This community cornerstone combines steady restaurant traffic with private event hosting, ideal for an experienced operator or investor seeking a large-scale hospitality asset with immediate operating capability and substantial upside. Features a full-service bar and full liquor license until 2am (3am Saturdays). Open for breakfast, lunch and dinner with dine-in, carryout, pickup, third-party delivery and online ordering. Well laid out interior with vestibule, hostess stand, wait area and large wait station. Semi-private area offers 6 video gaming machines plus ATM. Expansive banquet hall with a dance floor, two bars, private bathrooms and separate entrance hosts 45 to 250 guests and splits in two for simultaneous events. Huge fully equipped high-volume kitchen serves both. Diverse, complementary revenue streams, strong brand recognition and a loyal repeat customer base. Asset sale with property; all furniture, fixtures and equipment included. Independent, no royalty, advertising or transfer fees. Longtime family owned and operated. No financials.

Property Features and Assets:

<p>Freestanding prime corner building with dual street frontage on two high-traffic avenues, great signage, high visibility, easy access and parking for 60 vehicles. On one of the southwest suburbs’ most recognizable commercial corridors, lined with restaurants, retailers and businesses. Convenient to highways I-55 and I-290, drawing guests from surrounding suburbs and Chicago, about 14 miles from downtown. Close to popular attractions and surrounded by dense commercial and residential neighborhoods with a strong mix of working professionals, families and long-term residents. Neighboring communities include Riverside, Brookfield, Stickney, Berwyn and Cicero. Desirable suburb offering historic charm, modern amenities and a community-focused atmosphere.<br><br>SqFt: 7,500 (3,500 Restaurant + 4,000 Banquet Hall)<br>Seating: 400 (150 Restaurant + 250 Banquet Hall)<br>Hrs: Daily 7am-9pm<br>Owners Role: Full-time managers<br>Training: On-site comprehensive (as long as needed)<br>Property: 10,300 sqft one-story building on approx. 1 acre, zoned retail/commercial. 2024 RE taxes $73,052<br></p>

Market Competition and Expansion:

<p>Classic family-style restaurant serving American, Greek and Italian comfort food, freshly prepared and cooked to order with high-quality ingredients. Known for a welcoming atmosphere, excellent food and exceptional service. The banquet room is a versatile event space suitable for various occasions, ideal for intimate gatherings and larger celebrations including showers, weddings, holiday parties, business meetings and much more. A neighborhood gem, community staple, longtime local favorite, regional destination venue and go-to place for generations, highly rated with a superb reputation to build on for another 40 years. Strong fundamentals present a compelling opportunity to refresh, modernize, fully reposition or completely redevelop: cosmetic renovation or full interior/exterior transformation, updated branding, design and customer experience, or a new concept leveraging the existing layout and infrastructure. Rare ground-up redevelopment potential in a dense suburban market. Ideal for experienced restaurateurs, event-focused operators capitalizing on banquet revenue, value-add hospitality investors, concept developers or commercial redevelopers.<br></p>

Additional Details: