Legendary IL Dining Establishment w/Property

NOT DISCLOSED, Illinois

Asking Price	$1,200,000	Year Established	1945
Annual Revenue	$1,467,960	Reason for Selling	Retiring.
Annual P/L	$0	Attention	Ted Aretos
Annual Cash Flow	$263,879	Listing Number	1019138
# of Employees	15	Business Category	Food & Beverage: Restaurants, Fast Food, Deli

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!

Property Features and Assets:

<p>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. </p><p>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.<br><br>SqFt: 8,000 (+ Basement Storage)<br>Seating: 230<br>Hrs: Tu-Th 11:30a-9p, Fr-Sa 11:30a-10p, Su 9:30a-9p (Closed Mondays)<br>Owners Role: Owner Operated (Supervisory)<br>Training: Negotiable On-Site Training With Transition Assistance<br>Property: Owned & Included With Low Real Estate Taxes $14,743<br></p>

Market Competition and Expansion:

<p>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. </p><p>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. </p><p>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.<br></p>

Additional Details: