Banquet Halls, Miscellaneous Restaurant & Bars
Active
Beloved Long-Established Restaurant & Banquet Hall w/Property Lyons,IL
Lyons, Cook County, Illinois, United States
Asking Price$1.50m
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 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
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.
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. Best in town. The “go-to” place for generations. A prime spot and standout choice for dining and events in the area. Loyal customer base. Tons of regulars!
Highly rated and recommended, superb reputation to continue to build upon for another 40 years!
Financing Options
No.
Asking Price$1.50m
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.