Tupelo Data Room
Other Restaurants & Food
Active

High-Volume Longstanding BBQ Restaurant-Well Established Over 48 Yrs!

Lake County, Illinois, United States
Asking Price$150k
Revenue$564k
EBITDA$91k
Cash Flow$91k
Description
High-Volume Longstanding BBQ Restaurant - Well Established Over 48 Years! "Beloved BBQ Place - An Institution In The Neighborhood - Staple In The Community - Area Gem" Offering authentic melt-in-your-mouth midwestern-style bbq including brisket, pulled pork, chicken, ribs, pork chops, steaks, salmon and shrimp. Along with flavorful appetizers, salads, burgers, sandwiches, gyros and more. As well as delectable daily specials! Full-service restaurant with a full bar. Dinner only. Dine-in, carryout, pickup and delivery, plus catering packages. Recently remodeled. Its new modern yet rustic interior features beautiful wood finishes, stylish seating, vintage photos and warm lighting for a clean yet cozy vibe. Well established over 48 years. And with the current owners over 38 years. Independent - no royalty, advertising or transfer fees. Family owned and operated. Prime retail space in a busy neighborhood strip center in the heart of the downtown district of this affluent, highly-desirable north suburb of Chicago. Part of its bustling downtown core with local boutiques, professional services, historical landmarks and other popular eating & drinking establishments. Plus, weekly farmers markets, tastes, art fairs and other sought-after events. Perfectly situated in a lively, pedestrian-friendly area with steady local foot traffic and repeat customers! Also, close to the Metra station, local attractions, parks and beaches. Plus, surrounded by many homes, luxury condos and townhouses. Easily walkable for shoppers, commuters, visitors and residents alike! 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 Brian O'Kelly at EatZ & Associates
Real Estate
Rent is $6,231 per month
Building Size: 1770 sq. ft.
Furniture Fixtures & Equipment
$150k
Inventory
$10k
Year Established
1978
Reason Selling
Retiring.
Facilities & Assets
Owners Role: Family owned and operated - active day-to-day. Square Feet: 1,770. Seating: 58. Days/Hrs of Operation: Su-Th 4p-8p & Fr-Sa 4p-9p. Year Established: 1978 (Current Owners 1988). Lease Information: Leased space $6,231/mth gross. Current lease expires Dec 2026 with one 5-year option.
Support & Training
Negotiable on-site comprehensive training.
Market & Competition
Midwestern-style barbecue at its best. Absolutely delicious. Awesome family recipes. Incredible dry rubs and outstanding sauces. Unique flavors you can’t find anywhere else. All meats are well-seasoned, tender and perfectly smoked. Exceptional baby back ribs. Decadent baked beans. Known for their high-quality food, welcoming atmosphere and personal friendly service. One of the finest bar-b-que restaurants in Illinois. Regularly recognized by the Chicago Tribune, Chicago Sun-Times, Chicago Magazine and more!
Growth Opportunities
Longstanding favorite. Strong local roots. Iconic family-owned restaurant. Beloved bbq place. An institution in the neighborhood. Staple in the community. A standout downtown dining destination. Area gem. The “go-to” spot for amazing authentic bbq. Loyal customer base. Tons of regulars! Highly rated and recommended, stellar reputation to continue to build upon for another 50 years! Also, the opportunity to extend hours, add online ordering, enhance catering offerings and more!!
Financing Options
No.
Related Categories
Other Food Business for Sale
Business for Sale in Illinois
Asking Price$150k