Beloved Long-Established Restaurant & Banquet Hall w/Property Lyons,IL

Lyons, Cook County, Illinois, United States

Asking Price$1,500,000

Revenue-

EBITDA-

Cash Flow-

Description

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 & 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 & 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 & substantial upside through modernization or repositioning or redevelopment. Included is a large full-service restaurant w/full-service bar. Open for breakfast, lunch & dinner. Dine-in, carryout, pickup & 3rd party delivery. Online ordering is also available. Full liquor license till 2a, Saturdays 3a. Featuring a well laid out interior w/vestibule, hostess stand, wait area & large wait station + ample seating. And a semi-private gaming area w/6 video gaming machines + ATM. 2025 gaming revenue (location’s take) $82,947! Plus, an expansive banquet hall w/dance floor, 2 bars, private bathrooms & its own separate entrance. Able to accommodate groups ranging from 45-250 guests. The room can also be split in 2 to be able to host 2 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 FF&E included. No financials. Independent - no royalty, advertising or transfer fees. Longtime family owned & operated. Business Highlights Diverse & Complementary Revenue Streams • Full-service restaurant w/consistent lunch/dinner/weekend traffic • Established gaming destination • Dedicated banquet/private event business Established Reputation & Market Presence • Decades-long presence in Lyons & surrounding suburbs • Strong brand recognition & repeat customer base • A local neighborhood anchor & a regional event destination • Popular for both everyday dining & large-scale events • Continued demand for group dining & event venues Expansive Facility & Flexible Layout • Large dining areas accommodating significant guest volumes • 2 banquet rooms w/flexible configuration for private events • Efficient kitchen designed for both restaurant service & events Freestanding Building w/Strong Visibility • Prominent corner along a major commercial corridor • Excellent signage/frontage along 2 high-traffic avenues • Easy access for diners & event attendees Prime corner retail space in a freestanding building. Boasts great signage, high visibility, easy access & ample parking for 60 vehicles. Perfectly situated on a major thoroughfare lined w/restaurants, retailers & businesses+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 & residential area! Prominent Suburban Location • High-traffic corner w/dual street frontage • One of the most recognizable commercial corridors in the SW suburbs • Surrounded by retail/businesses/dense residential neighborhoods • Strong mix of working professionals/families/long-term residents • Centrally located within a dense western suburban trade area • Immediate proximity to neighboring communities - Riverside, Brookfield, Stickney, Berwyn & Cicero • Convenient access to major highways I-55 & I-290 Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email Theo Theodosiadis at [email protected] or call 847-910-465 for more information. Showings by appointment only outside of business hours.

Real Estate

Owned

Building Size: 7500 sq. ft.

Furniture Fixtures & Equipment

$300k

Inventory

$15k

Number of EmployeesFull-Time: 7Part-Time: 8

Year Established

1984

Reason Selling

Retiring.

Facilities & Assets

Owners Role: Family owned and operated - full-time managers. # Of Employees: 7 Full-Time (3 Owners) & 8 PartTime. Square Feet: 7,500 (3,500 sqft Dining Area + 4,000 sqft Banquet Hall). Seating: 400 (150 Dining Area + 250 Banquet Hall). Restaurant Days/Hrs of Operation: Daily 7a-9p. Value of FF&E: Included In Asking Price (Valued at $300,000). Value of Inventory: $15,000 (Not Included In Asking Price). Property: 10,300 sqft one-story freestanding building. On approx. 1 acre (.997) of land. Zoned retail/commercial. 2024 real estate taxes $73,052. 1st installment for 2025 real estate taxes $44,181.

Support & Training

On-site comprehensive training (as long as needed).

Market & Competition

Classic family- style restaurant serving a wide range of delicious American, Greek and Italian comfort food. Freshly prepared, cooked-to-order meals made with high-quality ingredients. Known for its welcoming atmosphere, excellent food and exceptional service. Plus, its exceptional banquet room. A versatile event space suitable for various occasions. Ideal for both intimate gatherings and larger celebrations including showers, weddings, holiday celebrations, business meetings and much more. Ample parking for both daily diners and banquet attendees!

Growth Opportunities

Longtime local favorite. Beloved restaurant and banquet hall. Neighborhood gem. Staple in the community. Regional destination venue. Prime spot/standout choice in the area. Long established brand. The go-to place for generations. Loyal customer base. Tons of regulars. Highly rated & recommended, superb reputation to continue to build upon for another 40 yrs! With its strong reputation, large-scale footprint and prime location, this property offers exceptional fundamentals and presents a compelling opportunity for a new owner to refresh, modernize, fully reposition or completely redevelop! • Ideal for cosmetic renovation or full interior/exterior transformation • Significant upside through updated branding, design & customer experience • Introduce a new concept while leveraging existing layout & infrastructure • Ground-up redevelopment on this rare 1-acre corner lot with outstanding frontage on two high-traffic avenues in a dense suburban market.

Financing Options

No.

Related Categories

banquet hall for Sale

•restaurant and bar for Sale

•Business for Sale in Illinois

Asking Price$1,500,000

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