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Listed by:

EatZ & Associates

Broker license number: 471021331

Turnkey Modern Gastropub With Large Waterfront Patio In North Suburb For Sale

North Suburb of Chicago, Illinois, US
Asking Price:
$99,000 Furniture / Fixtures included
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

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 gastropub, ready for its next owner! An outstanding opportunity to acquire a beautifully built-out, fully equipped bar and restaurant in an affluent north suburb of Chicago in Lake County.

Established in 2022, this impressive 5,860 sqft gastropub features contemporary industrial-modern styling, a full-service bar, multiple dining areas and an expansive 1,900 sqft outdoor patio with 90 seats, plus a well-equipped commercial kitchen that was installed with all new equipment.

Offered at just $99,000, this asset sale includes the existing furniture, fixtures, equipment, build-out, trade name and goodwill!

A tremendous opportunity for an experienced restaurateur or entrepreneur to step into an exceptional bar and restaurant facility without the substantial expense, construction delays and challenges associated with building from scratch.

Industrial-Modern Finishes & Substantial Build-Out

  • Spacious 5,860 sqft gastropub with attractive industrialmodern décor, soaring arched windows, polished concrete floors & contemporary finishes
  • Fullservice bar with extensive liquor service infrastructure
  • Offering 42 taps of craft beers, wines, ciders & cocktails
  • Multiple dining/gathering areas suitable for drinking, casual dining, celebrations & private events
  • Fully equipped commercial kitchen with newer equipment (installed in 2022)
  • Designed as a destination dining & entertainment experience
  • Existing online ordering, reservation & privateevent booking capabilities
  • Shared onsite parking with convenient customer access

90 Seats Under The Trees, Overlooking A Pond

  • Spectacular 1,900 sqft fencedin patio
  • 90 seats shaded by umbrellas and trees
  • Overlooking a large pond
  • Substantial additional seasonal capacity for outdoor dining &social gatherings
  • Guests come for the food/drink and stay for the night

Keep The Current Concept Or Bring Your Own

Currently serving an American pub menu including specialty burgers, chicken sandwiches, wings, pretzels, salads, flatbreads and more along with local and regional beverages, as well as coffee and espresso drinks. Highly rated and recommended.

An adaptable bar and restaurant layout offering the flexibility to retain the current concept or introduce a new bar, restaurant or dining concept. Walk in, change the menu if you like, and open!

This is a HIGHLY confidential listing. Showings by appointment only outside of business hours.

Property Information

Real Estate:

Lease

Lease Terms:

Lease Information: Leased space $7,606/mth gross. Current lease expires Dec 2026 with five 1-year options.

Lease Security Deposit: $15,212.

Location:

One Of Lake County’s Most Affluent Corridors

Strategically situated along a well-established, heavily traveled commercial corridor with more than 32,000 vehicles daily serving multiple highly-desirable north suburban communities.
The surrounding area features an attractive mix of office buildings, retail centers, restaurants, automotive dealerships, established residential neighborhoods and senior living communities.

Long Established Bar & Restaurant

Has been a sought-after bar and restaurant location for over 40 years. This prime location has long benefited from its proximity to numerous shopping, dining and employment destinations as well as convenient regional accessibility and a strong surrounding customer base.

Impressive Area Demographics

1-Mile: 6,879 residents | Median HH Income $151,209
3-Mile: 56,292 residents | Median HH Income $138,435
5-Mile: 122,546 residents | Median HH Income $152,246

An exceptionally affluent trade area with more than 122,000 residents within 5 miles and median household incomes exceeding $150,000 within both 1 and 5 miles!

Premises Details:

Year Established: 2022.

Seating: 140 Inside & 90 Outside.

Owners Role: Owner operated - supervisory (oversees the operation). Also, a general manager in place.

Size in square feet:
5,860 SqFt + 1,900 SqFt Patio

Business Operation

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

Significant potential to expand weekday lunch service, increase private parties and corporate events, develop catering and takeout, enhance digital marketing and maximize its impressive seasonal patio.

Its versatile layout also allows a buyer to reposition the space around many different food and beverage concepts. Bring your vision here!

Competition / Market:

An impressive, fully equipped gastropub with a modern build-out, excellent outdoor dining capacity, newer kitchen equipment and an affluent suburban customer base for a fraction of the cost of starting a bar and restaurant concept from an empty commercial space.

Located in a highly-desirable Lake County market with an outstanding mix of retail customers, professionals and high-income residents with an established dining culture and strong household purchasing power.

Reasons for selling:

Other interests.

Trading hours:

Tu-Th 3p-10p, Fr 3p-12m, Sa 10:30a-12m, Su 11a-9p (Closed Mondays)

Employees:
15
Years established:
4 Years

Other Information

Support & training:

Negotiable

Financing available:

No.

Furniture / Fixtures value:
$150,000 - included in the asking price
Inventory / Stock value:
$10,000
Related Documents:
Contact Broker

Listed by

EatZ & Associates

Broker license number: 471021331

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