Banquet Hall for Sale in Illinois
Explore Banquet Hall businesses for sale in Illinois. Compare opportunities and connect with sellers.
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Legendary IL Establishment w/Property-Dining/Lounge/Gaming/Banquets!
Legendary Illinois Dining Establishment w/Property - Dining, Bar, Gaming & Banquets! "8,000 SqFt Freestanding Building On 3.22 Acres On A Primary Regional Corridor" Offering an incredible menu of prime rib, steaks, seafood, broasted chicken and more. In addition to hearty sandwiches, Italian favorites, house specialties and homemade desserts. Plus, delicious daily specials, their signature Friday fish fry and popular Sunday brunch! Full-service restaurant with a full bar, gaming, multiple dining areas and banquet facilities. Dine-in or carryout, plus catering. Features a welcoming entry, classic dining rooms and a warm cocktail lounge with a private gaming area with 5 state-of -the-art video gaming machines, plus flexible private-event/banquet rooms ideal for birthdays, graduations, showers, weddings, community functions, business outings, corporate events and more. In addition to a full commercial kitchen set up for high volumes! Well established 81 years. Independent - no royalty, advertising or transfer fees. Owner operated (supervisory) with an experienced kitchen manager and long-term staff in place. Turnkey! Boasts multiple revenue streams - dining, cocktail lounge, gaming, banquet facilities and catering. 2025 gaming revenue $128,743! Prime retail space in a large freestanding building on 3.22 acres. Features a prominent monument sign at its entrance and ample parking for 100 vehicles. The parking lot can simultaneously accommodate both dining, lounge and banquet operations, as well as tour buses for large organized events. Perfectly situated on a primary regional corridor and well-traveled state route with strong visibility and easy access. Its consistent week-to-week traffic from nearby big box retailers is complemented by other event venues, golf, recreation, conservation areas, seasonal surges and border-area visitors. 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, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only outside of business hours. Listed By Ted Aretos at EatZ & Associates / EatZ Real Estate Group LLC
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Beloved Long-Established Restaurant & Banquet Hall w/Property Lyons,IL
Beloved Long-Established Restaurant & Banquet Hall w/Property Lyons, IL - 42 Years! "And Semi-Private Gaming Area With Gaming Revenue Of $82,947!" An incredible opportunity to acquire a long-established full-service restaurant and banquet facility including its real estate on a highly desirable, heavily traveled corridor of Lyons, IL. This iconic destination has been a cornerstone of the community for decades, offering a powerful combination of steady restaurant traffic and private event hosting. The business and property are ideally suited for an experienced operator or investor seeking a large-scale hospitality asset with immediate operating capability and substantial upside through modernization or repositioning or redevelopment. Included is a large full-service restaurant with a full-service bar. Open for breakfast, lunch and dinner. Dine-in, carryout, pickup and 3rd party delivery. Online ordering is also available. Full liquor license till 2a and 3a on Saturdays. Featuring a well laid out interior with vestibule, hostess stand, wait area and large wait station, plus ample seating. And a semi-private gaming area with 6 video gaming machines, plus ATM. 2025 gaming revenue (location’s take) $82,947! Plus, an expansive banquet hall with a dance floor, two bars, private bathrooms and its own separate entrance. Able to accommodate groups ranging from 45 to 250 guests. The room can also be split in two to be able to host two separate events simultaneously. As well as a huge fully equipped kitchen set up for high volumes! Well established over 42 years. Asset sale with property - all furniture, fixtures and equipment (FF&E) included. No financials. Independent - no royalty, advertising or transfer fees. Longtime family owned and operated. Business Highlights Diverse & Complementary Revenue Streams • Full-service restaurant with consistent lunch, dinner and weekend traffic • Established gaming destination • Dedicated banquet and private event business Established Reputation & Market Presence • Decades-long presence in the Lyons and surrounding suburbs • Strong brand recognition and repeat customer base • A local neighborhood anchor and a regional event destination • Popular for both everyday dining and large-scale events • Continued demand for group dining and event venues Expansive Facility & Flexible Layout • Large dining areas accommodating significant guest volumes • Two banquet rooms with a flexible configuration for private events • Efficient kitchen designed for both restaurant service and events Freestanding Building With Strong Visibility • Prominent corner along a major commercial corridor • Excellent signage and frontage along two high-traffic avenues • Easy access for diners and event attendees Prime corner retail space in a freestanding building. Boasts great signage, high visibility, easy access and ample parking for 60 vehicles. Perfectly situated on a major thoroughfare lined with restaurants, retailers and businesses, plus high traffic counts. And conveniently located close to major highways, making it convenient for guests traveling from surrounding suburbs and Chicago. Plus, close to many popular attractions. Also, surrounded by a dense commercial and residential area! Strategically located in Lyons, a desirable suburb about 14 miles from downtown Chicago. Offering a wonderful mix of historic charm and modern amenities. Known for its rich history, convenient location and community-focused atmosphere. 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, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only outside of business hours. Listed By Theo Theodosiadis at EatZ & Associates / EatZ Real Estate Group LLC
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Very Busy Large Restaurant with R/E Priced @ Asset Value
Are you experienced in the Restaurant industry? This is a large operation with average sales around $3,500,000 yearly. The asking price at asset value including the extensive Real Estate valued at $1,500,000. While the business is profitable even taking into consideration the expense of owning the property, the operation needs improvement. Unique concept in it’s geography Large dining area Banquet area More than ample parking AMAZING Kitchen Understand carry out All real estate, equipment, name, menu and processes included. Owner is retiring but will assist in training and transition after the sale. This restaurant is located in Illinois in the St. Louis metro area. For information for the experienced call Jeff Bach at 314-941-8530 or email at [email protected] Reference 504JB