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Listed by:

EatZ & Associates

Broker license number: 471021331

Legendary IL Dining Establishment W/Property-Dining/Lounge/Gaming/Banquets! For Sale

Far Northwest Suburb of Chicago, Illinois, US
Asking Price:
$1,200,000 Furniture / Fixtures included
Sales Revenue:
$1,467,960
Cash Flow:
$263,879

Legendary Illinois Dining Establishment w/Property - Dining, Bar, Gaming & Banquets!

"8,000 SqFt Freestanding Building On 3.22 Acres On A Primary Regional Corridor"

Offering an incredible menu of prime rib, steaks, seafood, broasted chicken and more. In addition to hearty sandwiches, Italian favorites, house specialties and homemade desserts. Plus, delicious daily specials, their signature Friday fish fry and popular Sunday brunch!

Full-service restaurant with a full bar, gaming, multiple dining areas and banquet facilities. Dine-in or carryout, plus catering.

Features a welcoming entry, classic dining rooms and a warm cocktail lounge with a private gaming area with 5 state-of -the-art video gaming machines, plus flexible private-event/banquet rooms ideal for birthdays, graduations, showers, weddings, community functions, business outings, corporate events and more. In addition to a full commercial kitchen set up for high volumes!

Well established 81 years. Independent - no royalty, advertising or transfer fees. Owner operated (supervisory) with an experienced kitchen manager and long-term staff in place. Turnkey!

Boasts multiple revenue streams - dining, cocktail lounge, gaming, banquet facilities and catering. 2025 gaming revenue $128,743!

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please click on the orange Contact Broker button on the right to complete the short contact form. Showings by appointment only outside of business hours.

Property Information

Real Estate:

Real Property Included

Location:

Prime retail space in a large freestanding building on 3.22 acres.

Features a prominent monument sign at its entrance and ample parking for 100 vehicles. The parking lot can simultaneously accommodate both dining, lounge and banquet operations, as well as tour buses for large organized events.

Perfectly situated on a primary regional corridor and well-traveled state route with strong visibility and easy access. Its consistent week-to-week traffic from nearby big box retailers is complemented by other event venues, golf, recreation, conservation areas, seasonal surges and border-area visitors.

Premises Details:

Year Established: 1945 (Current Owner 2019).

Property Information: 8,000 sqft well-maintained single-story freestanding building with basement and 100 parking spaces. On 3.22 acres. Refurbished in 1987. Low real estate taxes $14,743.

Seating: 230.

Owners Role: Owner operated (supervisory) - oversees the operation. Operational systems and team in place for continued success!

Size in square feet:
8,000 (+ Basement For Storage)

Business Operation

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

Under the same name since 1946. Iconic monument sign. Dual-state landmark. Legendary dining establishment. Beloved institution in the area. A sought-after destination dining experience. With a loyal, multi-generational following. Huge regional draw from both northern Illinois and south-central Wisconsin!

Highly rated and recommended, outstanding reputation to continue to build upon for another 80 years!

Also, the opportunity to further increase revenue by expanding hours, enhanced banquet marketing and additional catering services.

Competition / Market:

Old school comfort food. Home cooked goodness. All dinners served with a relish tray. Soups made fresh daily. Homemade dressings, potatoes and desserts. Best fish fry and brunch in the area. Fully stocked bar with upgraded wine and liquor menu. Live piano entertainment. Popular place to celebrate or host a special event in-house and off-site services, plus catering packages. Also, the perfect place to hit the jackpot! Well known for their amazing food, classic supper-club ambiance and exceptional service.

Reasons for selling:

Retiring.

Trading hours:

Tu-Th 11:30a-9p, Fr-Sa 11:30a-10p, Su 9:30a-9p (Closed Mondays)

Employees:
15
Years established:
81 Years

Other Information

Support & training:

Negotiable on-site comprehensive training. Current owner will assist with the transition to ensure a seamless handover of operations and customer relationships.

Financing available:

No.

Furniture / Fixtures value:
$200,000 - included in the asking price
Inventory / Stock value:
$20,000
Related Documents:

Listed by

EatZ & Associates

Broker license number: 471021331

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