Very High-Volume Bar, Grill & Live Entertainment Venue w/Gaming!

Will County, IL

Asking Price:

$1,900,000.00

Cash Flow:

$698,600.00

Multiple:

3x

Gross Revenue:

$4,000,000.00

FF&E:

0

Established:

N/A

EBITDA:

$0

# of Employees:

80

Asking Price

$1,900,000.00

Cash Flow

$698,600.00

Gross Revenue

$4,000,000.00

Multiple

x

FF&E

N/A

Established

N/A

EBITDA

$0.00

# of Employees

80

Business Description

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

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. Event/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!

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.

 

Business Location

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