Historic Restaurant & Bar Downtown Burlington, IL

BURLINGTON, Illinois

Asking Price	$75,000	Year Established	1970
Annual Revenue	$0	Reason for Selling	Has other business interests and cannot devote the time/attention it deserves.
Annual P/L	$0	Attention	Brian O'Kelly
Annual Cash Flow	$0	Listing Number	1019153
# of Employees	6	Business Category	Food & Beverage: Restaurants, Fast Food, Deli

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

Property Features and Assets:

<p>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.<br><br>SqFt: 2,255 sqft Restaurant + Full basement<br>Seating: 14 Dining Tables + Bar <br>Hrs: We-Th 4p-8p, Fr-Sa 4p-9p, Su 4p-8p<br>Owners Role: Absentee<br>Training: Negotiable on-site comprehensive training<br>Lease: $4,500/mth, new modified gross lease<br>Property: 4,511 sqft freestanding two-story building on 0.13 acres plus adjoining lot, Class C commercial, street parking<br></p>

Market Competition and Expansion:

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

Additional Details: