American Restaurants, Miscellaneous Restaurant & Bars
Active
High-Volume Longstanding BBQ Restaurant - Over 48 Years!
Lake County, Illinois, United States
Asking Price$140k
Revenue$564k
EBITDA-
Cash Flow$91k
Description
Beloved Longstanding BBQ Restaurant w/Bar - Over 48 Years!
"Iconic BBQ Place - An Institution In The Neighborhood - Staple In The Community - Area Gem - Regularly Recognized"
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. Also, features a professionally designed kitchen with specialized bbq smoking equipment.
Prime retail space in a busy neighborhood strip center in the heart of a vibrant, pedestrian-friendly north suburban downtown, this restaurant benefits from exceptional visibility and consistent foot traffic throughout the day and evening. The area is known for its charming streetscape, boutique shopping, upscale dining and community-driven events, drawing both local residents and destination visitors.
This prime setting is surrounded by:
• Popular independent restaurants and national brands
• Boutique retailers and service-oriented businesses
• Historical landmarks, local attractions, parks and beaches
• Farmers markets, tastes, art fairs, festivals, community gatherings and seasonal events that drive traffic
• Its busy Metra Station
• High-end residential neighborhoods (luxury homes, condos and townhouses) with strong household incomes and spending power
The combination of strong daytime population, evening dining traffic and weekend activity creates a powerful and consistent customer base.
This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email Brian O’Kelly at [email protected] or call 847-579-9641 for more information. Showings by appointment only outside of business hours.
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.
# Of Employees: 6.
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.
Asking Price$140k
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.