For Sale

Very High-Volume Bar, Grill & Live Entertainment Venue w/Gaming – Affluent Southwest Suburb!

Gross Sales On Pace To Do $4 Million Dollars This Year

Southwest Suburb of Chicago, IL

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Food Type: Banquet Facility, Bar/Pub/Tavern/Lounge, Grill, Liquor License, Video Gaming

Service Type: Full Service

Business Type: Independent

Sale Type: Business For Sale

Asking Price: $2,400,000

Gross Sales: $4,000,000

Net Operating Income: $(Contact For)

Monthly Rent: $17,050

Lease Expiration: 12/2028

Lease Options: Two 5-Year Options

Year Established: Dec 2023

Owner Operated: Yes

Seller Financing: No

Summary:

Unbelievable opportunity to purchase this multifaceted venue that includes a full-service restaurant, a total of 3 bars and a big entertainment space for events/concerts, plus a large partially covered fenced-in patio.

Gorgeous industrial modern build-out - spent over $1 million!

Restaurant open for lunch and dinner. Dine-in, carryout, pickup and 3rd party delivery, plus catering. Online ordering also available. Serving a delicious menu of appetizers, handhelds, burgers, chicken, pasta, entrees, sides, soups, salads and desserts. Plus, kids' menu.

Three fully stocked bars with seating. A main bar and two additional bars in the event space.

Ample seating - 238 main bar (208 seats + 30 stools), 301 front dining room and 100 on patio. Plus, 800 seats in the back entertainment room. And a standing capacity for 1,100 for events/concerts!

Also features 40 tvs - 11 85-inch tvs and 29 65-inch tvs. A DJ booth. State-of-the-art sound system. Garage doors that open to the outside. And so much more!

In addition to a large fully equipped professional kitchen with 6-burner stove, 10-burner stove, 2 convection ovens, 3ft char grill, 2-3ft flat top grills, 4 deep fryers, 4ft steam table, tilt skillet, 4 salad tables, standup cooler, standup freezer, walk-in-in beer cooler, 2 walk-in coolers, walk-in freezer, POS system and more.

Sales currently averaging $330,000 a month and rapidly rising. Already have many huge scale events in place for 2024. Every weekend booked out for months. Events/concerts average $30,000 a night. All artist bookings and event ticket sales managed electronically by an advertising/marketing agency. Also, available for banquets for parties between 50-600 people.

Also, 6 video gaming machines currently being installed. Expected gaming revenue (location’s take) of at least $300,000 a year!

Independent - no royalty, advertising or transfer fees. Locally owned and operated. Turnkey - well-trained full staff in place. Gross sales on pace to do $4 million dollars this year!

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.

Competition:

Top notch. A state-of-the-art facility. Professionally set up. Well laid-out kitchen, front of house and event space. Delectable Irish themed cooking. An exceptional dining experience. Impressive set up for live entertainment. Inviting atmosphere. Where families, friends and coworkers can gather. Great for both intimate gatherings and large-scale events. An all-encompassing venue for socializing, entertainment and enjoying good food & drink!

Strategic location. Conveniently positioned. Perfect fit in this vibrant community.

Growth and Expansion:

New local favorite. Excellent reviews. Hugely popular. Area gem. A one-of-a-kind destination. THE spot for leisure and recreation. A premier venue in the southwest suburbs. A desirable destination for both dining and entertainment. Impressive capacity - total occupancy exceeds seating capacity. Already enjoys tremendous name recognition. Very profitable - multiple revenue streams. Perfectly situated for continued growth and success!

Location:

Prime corner retail space in one of two prominent plazas in the area. Boasts great signage, visibility, access and parking. Located at a major intersection with high traffic counts in the heart of this affluent southwest suburb with incredible regional access.

County: Cook

Facilities:

Lease Information: Leased space $17,050/mth gross. Current lease expires Dec 2028 with two 5-year options.

Square Feet: 22,000.

Seating: 539 Inside & 100 Outside (Standing Capacity Of 1,100 For Events/Concerts).

Days/Hrs of Operation: Su 11a-11p, Mo-Th 11a-12m, Fr-Sa 11a-2a.

Real Estate: Leased.

Value of FF&E: Included In Asking Price (Build-Out Valued At $1,000,000).

Value of Inventory: $50,000 (Not Included In Asking Price).

Number of Employees: 80.

Support/Training: Negotiable on-site comprehensive training.

Seller Financing Available: No, incredible opportunity for a cash buyer.

Reason for Selling: Restaurant group that builds and sells successful restaurants/bars.

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