Historic Restaurant & Bar Downtown Burlington, IL

BURLINGTON, Illinois

Asking Price	$4,500	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	1019163
# of Employees		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 - Ready For Your Concept”

Bring your restaurant concept to life in a one-of-a-kind historic setting! This rare downtown Burlington restaurant and bar blends over a century of character with modern improvements. The kitchen, bar, dining furnishings and infrastructure are already in place, so you can launch your concept instead of funding a costly build-out.

3 Options To Acquire:

1. Lease Fully Equipped - $4,500/mth, existing FF&E included
2. Buy The Business Assets - $75,000 for FF&E and build-out with new $4,500/mth lease
3. Buy The Property - $600,000 for the 4,511 sqft mixed-use building, equipment and two income-producing apartments

Features include an extraordinary original 1908 back bar, vintage tile floors, antique mirrors, decorative tin ceilings and warm wood finishes, an atmosphere a modern build-out cannot replicate. 2023 renovations covered the kitchen, HVAC, roof, windows, tuckpointing and mechanicals.

Kitchen equipment includes a Rational combi oven, Globe 4ft char grill, Vollrath flat-top, Dukers 4-burner range, Frymaster and Avantco fryers, Alto-Shaam and Lockwood holding cabinets, refrigerators, freezers and stainless prep equipment; replacement cost estimated at $250,000-$400,000.

Listed by Brian O’Kelly and Ted Aretos at EatZ & Associates / EatZ Real Estate Group LLC

Property Features and Assets:

<p>Charming Downtown Location & Affluent Trade Area</p><p>Situated on Main St in historic downtown Burlington, this established dining destination draws both locals and diners from beyond the village. Main St carries 4,400 VPD, with nearby Plank Rd at 7,450-8,150 VPD. Burlington Township boasts a ~$123,836 median household income and ~$384,800 median home value. Sits near established neighborhood businesses, minutes from Burlington Park and community events, and 1.6 miles from Burlington Prairie Forest Preserve and its bison herd, with easy access to the greater Fox Valley.</p><p>SqFt: 2,255 Restaurant + Full Basement<br>Seating: Ample (14 Dining Tables +  Bar Seating)<br>Training: (Space For Lease)<br>Lease: $4,500/mth; tenant pays RE tax & insurance increases over base year; term, renewals & deposit negotiable<br>Property: Freestanding two-story on 0.13 acres + adjoining lot; Class C; street parking</p>

Market Competition and Expansion:

<p>One-Of-A-Kind Opportunity</p><p>Why spend hundreds of thousands of dollars and months building from scratch when the expensive work is already done? Whether you’re an owner-operator seeking a distinctive location, an experienced restaurateur looking to expand or a chef ready to launch your first restaurant, this space offers a compelling combination of downtown presence, major recent upgrades and valuable equipment in one of Kane County’s charming historic districts.</p><p>Endless Concept Possibilities</p><p>Continue the property’s long-standing supper club tradition or introduce your own concept. The flexible layout suits a steakhouse, chophouse, Italian restaurant, casual American, gastropub, upscale tavern, neighborhood bar and grill, chef-driven concept or private event space. Growth opportunities include adding lunch, weekend brunch, expanded hours and private parties. Burlington also permits licensed video gaming, offering a potential added revenue stream. Build your own brand and a loyal customer following in a setting with genuine history and a proven restaurant address.</p>

Additional Details: