NOT DISCLOSED, Illinois
| Asking Price |
$99,000 |
Year Established |
2022 |
|
| Annual Revenue |
$0 |
Reason for Selling |
Other interests. |
|
| Annual P/L |
$0 |
Attention |
Tim Ryan |
|
| Annual Cash Flow |
$0 |
Listing Number |
1019750 |
|
| # of Employees |
15 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Fully-Equipped Modern Gastropub w/Large Waterfront Patio Affluent North Suburb of Chicago, IL - Turnkey!
“5,860 SqFt Gastropub - Newer Equipment - 1,900 SqFt Patio - On A Major Commercial Corridor w/32,000+VPD - Affluent Lake County Suburb”
An incredible turnkey bar and restaurant, ready for its next owner! Offered at $99,000, this asset sale includes all furniture, fixtures, equipment, build-out, trade name and goodwill.
Established in 2022, it features industrial-modern styling with soaring arched windows, polished concrete floors, a full-service bar pouring 42 taps of craft beers, wines, ciders and cocktails, and multiple dining areas for casual meals, celebrations and private events.
The commercial kitchen was installed with all new equipment, and online ordering, reservation and event booking systems are in place. The fenced patio, shaded by umbrellas and trees, overlooks a large pond, where guests come for the food and drinks and stay for the night.
Serving a highly rated American pub menu of specialty burgers, chicken sandwiches, wings, pretzels, salads and flatbreads, plus local beverages, coffee and espresso.
Keep the concept or bring your own: walk in, change the menu, and open, without the cost and delays of building from scratch.
Listed by Tim Ryan at EatZ & Associates
Property Features and Assets:
<p>Set on one of Lake County’s most affluent, heavily traveled commercial corridors, serving several highly desirable north suburban communities. </p><p>The surrounding area offers a strong mix of office buildings, retail centers, restaurants, auto dealerships, established residential neighborhoods and senior living communities. </p><p>A sought-after bar and restaurant location for over 40 years, it has long benefited from its proximity to numerous shopping, dining and employment destinations, convenient regional accessibility and a strong surrounding customer base. </p><p>Exceptional area demographics: 6,879 residents within 1 mile (median household income $151,209), 56,292 within 3 miles ($138,435) and 122,546 within 5 miles ($152,246).</p><p>SqFt: 5,860 + 1,900 Patio<br>Seating: 140 Inside, 90 Outside<br>Hrs: Tu-Th 3p-10p, Fr 3p-12m, Sa 10:30a-12m, Su 11a-9p, (Closed Mon)<br>Owners Role: Supervisory owner, general manager in place<br>Training: Negotiable<br>Lease: $7,606/mth gross, expires 12/2026, five 1-year options<br></p>
Market Competition and Expansion:
<p>Buyers get a complete, modern gastropub with excellent outdoor dining capacity for a fraction of what it costs to open a bar and restaurant from an empty commercial space. </p><p>The trade area blends retail shoppers, working professionals and high-income residents with an established dining-out culture and strong household purchasing power, a customer base that supports craft beverages, quality pub fare and special-occasion dining throughout the year.</p><p>Growth potential is significant. A new owner can expand weekday lunch service for nearby office and retail workers, grow private parties and corporate events, and develop off-site catering and takeout using the existing online ordering and booking tools. </p><p>Stronger digital marketing and social media can build new awareness and repeat traffic across surrounding communities, while seasonal patio events can maximize warm-weather sales. The versatile layout also allows a buyer to reposition the space around many different food and beverage concepts. Bring your vision here!</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