Miscellaneous Restaurant & Bars, Pizza Restaurants
Active
Turnkey 2,941 SqFt Restaurant w/Bar & Gaming - Recently Renovated!
McHenry County, Illinois, United States
Asking Price$75,000
Revenue-
EBITDA-
Cash Flow-
Description
Exceptional opportunity to acquire a recently renovated, fully equipped/operating restaurant & bar strategically located in one of the strongest retail trade areas in the far NW suburbs.
This is an asset sale, making it especially attractive for an experienced owner-operator/restaurateur/multi-unit groups/gaming operators looking to expand, franchisee seeking a 2nd-generation location or entrepreneur wanting to introduce an entirely new concept.
The existing Italian restaurant, pizzeria & bar concept can potentially be continued or the versatile buildout could be converted to a variety of restaurant uses including any full-service restaurant, bar & grill, sports bar or converted to a fast-casual, QSR, franchise, delivery/carryout-focused operation or other compatible food/beverage concepts.
One of the property's strongest selling points is its 2025 renovation, offering a buyer the opportunity to step into a finished, permitted & operational restaurant at a fraction of the time/investment typically required to develop a comparable location from the ground up.
Rather than taking on the expense, uncertainty & lengthy timeline associated with designing, permitting and constructing a restaurant from an empty shell, a buyer can acquire an established restaurant space w/the major infrastructure, kitchen equipment, dining room, bar, furnishings & operating systems already in place.
Another major advantage is the ability to operate not only as a restaurant but also as a bar & gaming establishment. The current premises are licensed for on-premise liquor service & have live video gaming operating in a dedicated front-of-house area.
Prime retail space in an established strip center w/great signage, high visibility, easy access, ample parking & complementary tenants.
Perfectly situated along a heavily traveled thoroughfare w/20,000+VPD with convenient access from surrounding communities throughout McHenry/Kane counties. And just off one of THE premier retail corridors in Chicago's far NW suburbs benefiting from one of the region's strongest concentrations of shopping, dining, healthcare & commercial activity as well as an affluent, established residential population that surrounds it.
This nearby regional retail corridor contains more than 3M sqft of retail space & maintains a commercial vacancy rate below 5%. A premier shopping, dining & entertainment destination with traffic approaching 50,000 VPD.
Also, just minutes from one of the area's dominant lifestyle shopping destinations, a 548,000+ sqft dual-grocery-anchored regional center featuring Trader Joe's, The Fresh Market, Nordstrom Rack, Dick's Sporting Goods & numerous additional national retailers/restaurants. That center alone serves a primary trade area of more than 390,000 residents, demonstrating the considerable regional draw surrounding this restaurant location.
Plus, the immediate corridor benefits from an unusually strong mix of national retailers, grocery stores, restaurants, entertainment, service businesses, healthcare facilities & corp employment that generate traffic throughout the day, evenings & weekends. Other nearby retail giants include Costco, Home Depot, Jewel-Osco, Kohl's, Lowe's, Meijer, Target, Walmart & numerous other national brands.
And the surrounding market offers demographics particularly well suited to restaurant operations. The restaurant's immediate postal trade area contains ~31,959 residents & 11,639 households, w/an avg household income approaching $149,000.
The broader regional retail corridor draws from nearly 400,000 residents w/avg household incomes exceeding $126,000 throughout the trade area.
This combination of substantial retail traffic & a large regional customer base w/strong household incomes, established owner-occupied neighborhoods & families, provides an attractive foundation for dine-in, carryout, delivery, catering & bar-focused restaurant concepts.
Listed By Pat Mahoney at EatZ & Associates
Real Estate
Rent is $4,160 per month
Building Size: 2941 sq. ft.Year Established
2025
Reason Selling
Focusing on family.
Facilities & Assets
Lease Information: Leased space - cheap $4,160/mth gross. Current lease expires Jun 2028 with two 3-year options.
Square Feet: 2,941.
Seating: 85 Inside.
Days/Hrs of Operation: Tu-Th 4p-9p, Fr-Sa 4p-10p, Su 4p-9p (Closed Mondays).
Owners Role: Family owned and operated (active day-to-day).
Support & Training
Negotiable on-site comprehensive training.
Market & Competition
Competitive Advantages:
- Turnkey
- Recently renovated
- Full Bar
- Video gaming
- Fully equipped commercial kitchen
- Outstanding location
- Sought-after far northwest suburb
- Affluent & highly desirable trade area
- Built-in daytime traffic generators
- Attractive lease
- Compelling value proposition
- Ideal for multiple concepts
The expensive pieces are already here: bar, dining room, furniture, commercial kitchen, pizza equipment, hood, walk-in cooler, POS and restaurant infrastructure.
At an asking price of just $75,000, this opportunity should appeal to buyers who understand the cost of opening a restaurant today.
Rather than investing substantial capital and months of time designing, building, equipping and permitting a restaurant from scratch, a qualified buyer can acquire a recently renovated, equipped, operating restaurant with full bar and gaming capability in an affluent far northwest suburban Chicago market for a fraction of replacement cost.
Growth Opportunities
Location, location location!!!
Financing Options
No.
Business listed by
Eatz & Associates
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