For Sale

Incredible Full-Service Restaurant & Bar Libertyville, IL – Adler Square!

Perfectly Situated At The SW Corner Of Heavily Traveled Milwaukee Ave & Buckley Rd With Over 50,000 VPD

Libertyville, IL

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Food Type: Any, Liquor License

Service Type: Full Service

Business Type: Independent

Sale Type: Asset Sale

Asking Price: $84,000

Gross Sales: $(Asset Sale)

Net Operating Income: $(Asset Sale)

Monthly Rent: $10,325

Lease Expiration: 10/2031

Lease Options: Two 5-Year Options

Year Established: 2021

Owner Operated: No

Seller Financing: No

Summary:

A popular casual dining hotspot.

Full-service restaurant and bar. Dine-in or carryout.

Features a fenced-in front patio with wooden arbor, string lights and stainless-steel outdoor furniture.

And a spacious interior featuring high ceilings, exposed ductwork, reclaimed brick, gorgeous woodwork, stunning tilework, expansive windows, beautiful barn doors, quality furniture, natural lighting, cool concrete floors and more.

As well as a large fully-equipped wrap-around bar with center island, 10 beers on tap, frozen drink machines and wrap-around large screen tvs.

Surrounded by ample seating at both high/ low booths and tables, plus private party/meeting rooms with additional seating.

In addition to a large fully-equipped kitchen with 2 hoods, 10-burner stove w/double oven, convection oven, microwave, 4ft char grill, 3ft flat top grill, fryer, slicer, salamander, commercial blender, refrigerator, several coolers, walk-in cooler, chest freezer, ice cream freezer and much more.

Independent - no royalty, advertising or transfer fees. Asset sale - all furniture, fixtures and equipment (FF&E) included. No expense was spared!

Keep a similar concept or bring your own to this strategic location. Ideal for any type of restaurant!

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 outside of business hours.

Business Website: https://harborkitchentap.com

Competition:

Nicely appointed patio. Incredible buildout. At the intersection of two major thoroughfares with high traffic counts and several sought-after restaurants and retailers. Plus, surrounded by a vast residential area. Located in an affluent desirable north shore suburb!

Growth and Expansion:

Location, location, location!

Location:

Prime corner retail space in Alder Square, a busy 20,589 sqft neighborhood center with great signage, visibility, access and parking.

Along with Bare Med Spa, Great Clips, IL Nail Spa, Rebel Rebel, RE New, Skyline Cleaners and Sushi Thai. And shadow anchored by a Holiday Inn Express & Suites, Starbucks and Walgreens. Adjacent Alder Park School and a Mobil gas station. Across Ace Hardware, Family Nails & Spa, Lee Donuts, Motel 6, Wildberry Pancakes & Café, Vacuum Experts, a BP gas station and more.

Perfectly situated at the southwest corner of heavily traveled Milwaukee Ave with over 23,000 vehicles per day and Buckley Rd with over 26,000 vehicles per day.

Located on the north side of Libertyville. With a population of over 34,000 with an average household income over $138,000 within 3 miles.

County: Lake

Facilities:

Lease Information: Leased space $10,325/mth gross. Current lease expires Oct 2031 with two 5-year options.

Square Feet: 5,900.

Seating: 156 Inside & 25 Outside.

Days/Hrs of Operation: Currently closed.

Real Estate: Leased.

Value of FF&E: Included In Asking Price (Valued at $100,000).

Value of Inventory: Not Included In Asking Price.

Seller Financing Available: No.

Reason for Selling: Other interests.

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