For Sale

High-Volume Longstanding Steak & Seafood Restaurant w/Property Glendale Heights, IL – Sales Over $2.7 Million!

An Iconic Restaurant In DuPage County

Glendale Heights, IL

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Food Type: American, Bar/Pub/Tavern/Lounge, Liquor License, Seafood Place, Steakhouse, Video Gaming

Service Type: Full Service

Business Type: Independent

Sale Type: Business With Property

Asking Price: $4,750,000

Gross Sales: $2,754,147

Net Operating Income: $598,246

Monthly Rent: $(Property Included)

Lease Expiration: (Property Included)

Lease Options: (Property Included)

Year Established: 1934

Owner Operated: Yes

Seller Financing: No

Summary:

Featuring certified, hand-cut black angus steaks and fresh seafood delivered daily. Along with delicious appetizers, soups, salads, sandwiches, Greek-style lamb chops, bbq ribs, chicken, pasta and more.

Full service. Dine-in or carryout. Open for lunch, dinner and Sunday brunch. Huge banquet business. Catering also available.

Warm and inviting interior with expansive windows and beautiful woodwork throughout. Enclosed foyer. Hostess stand and wait area with seating. Separate full bar with temperature-controlled wine storage, area for live entertainment, private gaming section with 5 video gaming machines and ATM, plus additional seating. Spacious dining rooms. As well as another dining room also available for parties or private events. Plus, seating on their amazing outdoor deck in the perfect setting. In addition to a basement used for additional dry/liquor storage and lockers/bathroom for employees. And a large kitchen which could accommodate more business!

Well established for 89 years and with the current owners for 43 years! Independent - no royalty, advertising or transfer fees. Family owned and operated. 2022 sales up!

Currently liquor/bar is 30% of total sales. And 2022 gaming revenue (location’s take) $101,630.

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

Competition:

THE place for a great meal, relaxing cocktail or lavish party. Also, perfect for outdoor events. Phenomenal food. Wonderful cuisine. Quality ingredients. Everything house made and special. The finest hand-cut midwestern steaks. The freshest seafood. Incredible champagne brunch. Fabulous desserts. Fantastic cocktails.

First class establishment. Top notch. Exceptional place. Great atmosphere. Cozy ambiance. Old school charm. Amazing experience. And beautiful views. Also, well known for their warm, attentive and outstanding service.

Growth and Expansion:

An iconic restaurant. A longstanding institution. Staple in the community. Area gem. A DuPage County tradition. Tons of regulars. Loyal customers come from near and far!

Also, a favorite spot for birthdays, graduations, showers, weddings, baptisms, confirmations, family get-togethers, office parties, business meetings, company events and much more.

Award winning. Zagat-rated. One of the best places in the western suburbs. Highly rated and recommended, great reputation to continue to build upon for another decade!

Location:

Prime corner retail space in a freestanding building with ample parking for 70 vehicles. Boast great signage, visibility and access. Overlooks six lush acres of land filled with beautiful flower gardens, scenic ponds and a rustic barn filled with a variety of animals.
Perfectly situated on a major thoroughfare just off I-355. And surrounded by a vast residential area!

County: DuPage

Facilities:

Property Information: Freestanding building on 60,553 + 106,150 = 166,703 sqft of land (3.83 acres). Two property tax PINs 0502203037-0502203038. 2022 real estate taxes $39,945. Also, the opportunity to expand or add a banquet hall or enlarge the parking lot by purchasing the adjacent land next door!

Square Feet: 9,430 + Basement.

Seating: 300 Inside & 50 Outside.

Days/Hrs of Operation: Mo-Sa 11:30a-9p & Su 10a-9p.

Real Estate: Owned.

Value of FF&E: Included In Asking Price (Valued at $600,000).

Value of Inventory: $45,000 (Not Included In Asking Price).

Number of Employees: 20 Full-Time & 15 Part-Time

Seller Financing Available: No.

Reason for Selling: Retiring.

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