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Listed by:

EatZ & Associates

Broker license number: 471021331

Highly-Successful Longstanding Destination Dining/Entertainment Venue - With Property! For Sale

Chicago Metro Area, Illinois, US
Asking Price:
$8,500,000 Furniture / Fixtures included
Sales Revenue:
$7,667,812
Cash Flow:
$1,899,921

Highly-Successful Longstanding Destination Dining & Entertainment Venue - With Property!

"The Asking Price Includes A Well-Maintained Property With Substantial Prior Capital Investment"

A rare opportunity to acquire one of Chicagoland’s premier destination dining and live entertainment venues.

The combined businesses generate approximately $7.67M million in gross sales, demonstrating its strong and stable performance.

Facility Highlights:

  • Freestanding, high-visibility commercial property included in the sale
  • Large building footprint with multiple distinct yet connected concepts under one roof
  • Spacious full-service restaurant and bar areas with flexible seating configurations
  • Expansive four-season patio
  • Dedicated live music/entertainment venue with professional stage, lighting and sound systems
  • Built-in infrastructure for large-scale events and entertainment programming
  • Private event spaces ideal for corporate functions, weddings and social gatherings
  • Ability to host simultaneous revenue-generating experiences
  • Ample on-site parking supporting high-capacity operations
  • Well-maintained property with substantial prior capital investment

Offered at $8,500,000 for the combined businesses and real estate, this turnkey operation delivers exceptional brand recognition, well established systems, multiple revenue streams, significant historical performance and additional growth potential through extended programming and service expansion.

Diversified Revenue Streams:

  • Full-service dining (lunch, dinner, weekends)
  • High-energy bar with craft cocktails and an extensive wine list
  • Nightlife sales
  • Live entertainment/ticketed shows
  • Private events and group bookings
  • Catering and special events

The combination of food, beverage and entertainment creates a powerful, destination-style concept that performs across multiple dayparts and customer segments!

This is a HIGHLY confidential listing. If interested, please click on the orange Contact Broker button on the right to complete the short contact form. Showings by appointment only.

Property Information

Real Estate:

Real Property Included

Location:

Prime retail space in a striking freestanding building with ample parking.

In a highly desirable Chicagoland market with strong discretionary spending, repeat local clientele and regional draw for dining and live entertainment.

Location Highlights:

  • Prominent positioning along a major corridor with strong traffic counts
  • Immediate access to/from major commuter routes and regional thoroughfares
  • Proximity to retail corridors, corporate offices and residential communities
  • Strong surrounding household incomes and discretionary spending power
  • Consistent draw from both local clientele and destination visitors
  • Established reputation as a go-to dining and entertainment destination in the market
Premises Details:

Year Established: 1990.

Property Information: Custom built freestanding building with expansive footprint, high-end finishes, ample parking, high visibility and easy access. Recently renovated with significant capital investment in mechanicals, HVAC, AV infrastructure, lighting and patio enclosures. On 29,157 sqft or 0.669 acre. Real estate taxes $64,217.

Seating: 200 Restaurant + 350 Venue.

Owners Role: Oversees operations - experienced management team and staff in place.

Size in square feet:
13,000

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Established over 3 decades ago with a strong brand presence. A long-standing dining destination partnered with a live music and events venue creating a "dinner + show" ecosystem that consistently draws from the Chicagoland metro area as well as regional visitors.

Also, the opportunity to enhance profitability through expanded marketing, booking and programming.

Competition / Market:

An exceptional combination. A dining, drinking and entertainment hub. Boasts diversified and synergistic revenue streams, consistent growth and proven profitability.

The restaurant features an expansive bar, an elevated American menu and ample seating including year -round dining on their four-season patio.

The state-of-the-art live-entertainment venue hosts high- margin private functions, weddings and corporate events alongside ticketed national acts (Ticketmaster/Live Nation/Song Kick presence).

Reasons for selling:

Retiring.

Trading hours:

Restaurant Tu-Sa 11a-9p & Su 10a-9p | Venue 11a-12m Tue-Sun

Employees:
75
Years established:
36 Years

Other Information

Support & training:

Negotiable on-site comprehensive training along with a defined transition period.

Financing available:

No (SBA financing is available to qualified buyers with a minimum of 10% down, provided they can demonstrate proof of funds of at least $1.7M in liquidity and show 10% post close in liquid cash or access to it.)

Furniture / Fixtures value:
$1,000,000 - included in the asking price
Inventory / Stock value:
$150,000
Related Documents:

Listed by

EatZ & Associates

Broker license number: 471021331

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