Exceptional Turnkey Restaurant & Bar - Historic Downtown Sycamore, IL

Sycamore, DeKalb County, Illinois, United States

Asking Price$850,000

Revenue-

EBITDA-

Cash Flow-

Description

An exceptional opportunity to own or lease a beautifully renovated, fully equipped restaurant & bar in the heart of Historic Downtown Sycamore, DeKalb County! Situated on highly visible State St (Route 64), just 1 block from the DeKalb County Courthouse, this freestanding property offers an outstanding combination of location, extensive improvements, valuable equipment & flexibility. Originally built in 1930, the property underwent a substantial renovation in 2021–2022, including doubling the commercial kitchen's size. 3 Options To Acquire This Impressive Restaurant & Bar 1. Buy The Property – $850,000; freestanding building w/FF&E included 2. Buy The Business Assets – $75,000; FF&E, build-out, trade name & goodwill, plus new $6,000/mth lease 3. Lease Fully Equipped – $6,000/mth; modified gross lease with restaurant/bar equipment included; terms negotiable Impressive Build-out & Key Features Estimated comparable replacement cost of $250,000–$400,000! Avoid substantial construction expenses & lengthy build-out timelines. • ~3,221 sqft building area (subject to verification) + basement storage • Extensively renovated 2021–22 w/expanded commercial kitchen • Attractive w/exposed brick, wood floors, contemporary finishes & low/high-top/bar seating • Impressive full-service bar w/extensive liquor display & TVs • 24 rotating draft beer taps w/Micro Matic system • 2 walk-in coolers – dedicated beer walk-in & produce walk-in • 3 pizza ovens – 1 wood-fired + 2 Pizza Group D32E electric deck ovens • Commercial exhaust hood • Mixer, dough roller, fryers, heated holding cabinet & more • Multiple reach-in refrigerators, bar coolers & prep equipment • Valuable basement storage & existing restaurant infrastructure Keep The Concept Or Bring Your Own Currently operating as an independent pizza tavern, craft beer destination & whiskey bar featuring New York/Detroit-style pizzas, wood-fired specialties, pastas, wings & premium spirits. Versatile infrastructure supports a pizzeria, Italian restaurant, sports bar, neighborhood bar & grill, craft taproom, gastropub, whiskey/wine bar, franchise conversion or entirely new concept! Premier Historic Downtown Location Prime location in Sycamore's charming, walkable downtown business district, surrounded by restaurants, boutiques, entertainment, offices & civic destinations. • Prominent State St (Route 64) frontage ~6,650 VPD • Just 1 block from the historic DeKalb County Courthouse • Near Sycamore State Theatre, Public Library & more • Close to schools, Ideal Industries headquarters & established residential neighborhoods • ~6 miles from NIU • Free street & nearby public parking • Popular downtown festivals attract thousands of visitors • Historic downtown destination w/year-round shopping, dining & entertainment Strong Demographics & Established Market • 1 Mile: 7,937 residents • 3 Miles: 21,230 residents • 5 Miles: 37,704 residents • Daytime employment: ~4,771 within 1 mile; 14,293 within 3 miles • Sycamore median household income: ~$84,120 • Owner-occupied housing: ~71.6% • Downtown retail vacancy: just 3.5% Listed by Ted Aretos & Brian O'Kelly at EatZ & Associates / EatZ Real Estate Group LLC

Real Estate

$850kIncluded in Asking Price

Building Size: 3221 sq. ft.

Furniture Fixtures & Equipment

$75k

Business is

Absentee Owner

Number of EmployeesFull-Time: 2Part-Time: 5

Year Established

2022

Reason Selling

Has other business interests and cannot devote the time/attention it deserves.

Facilities & Assets

Property Information: 3,221 sqft single-story historic freestanding building plus basement for storage. Originally constructed in 1930 and extensively renovated in 2021–2022, including a substantially expanded commercial kitchen. On 4,045 sqft lot or 0.09 acres. Building Class C Commercial. Zoning C-2 Central Business. PIN 06-32-255-051. 2024 real estate taxes $5,983. Lease Information: $6,000/month modified gross, with increases in real estate taxes and insurance over the base year payable by the tenant. Lease term, options and security deposit negotiable. Square Feet: 3,221 + Basement For Storage Seating: Ample. Days/Hrs of Operation: Tu-Th 4p-9p, Fr 4p-10p, Sa 11a-10p, Su 11a-8p (Closed Mondays). Owners Role: Absentee. # Of Employees: 2 Full-Time & 5 Part-Time. Training: Negotiable on-site comprehensive training. Value of FF&E: $75,000 (Included In Asking Price / Replacement Cost $250,000-$400,000) Value of Inventory: Not Included In Asking Price.

Support & Training

Negotiable on-site comprehensive training.

Market & Competition

A rare opportunity to save time, money and start-up costs. Whether you're an aspiring owner/operator, experienced restaurateur, expanding restaurant group or real estate investor, this opportunity offers a compelling combination of a desirable downtown location, major recent renovations, valuable equipment and multiple acquisition options. Why spend hundreds of thousands of dollars and months building a restaurant from scratch when the expensive work has already been completed. Take advantage of this exceptional opportunity to purchase or lease a fully equipped restaurant and bar in one of DeKalb County's most charming historic downtown districts!

Growth Opportunities

A hands-on owner/operator could capitalize on several opportunities: - Expand operating hours - currently closed Mon & open evenings Tue-Fri - introducing weekday lunch & Monday service could capture additional downtown & courthouse traffic - Increase catering & private events - expand corp catering, celebrations, family gatherings & private functions - Grow online ordering & delivery - strengthen digital ordering, 3rd-party delivery, takeout promotions & online marketing - Capitalize on downtown events - develop seasonal promotions/special offerings around festivals, community celebrations & entertainment - Expand beverage programs - leverage the 24-tap draft system & bar with specialty cocktails, tasting events & rotating beer selections - Explore video gaming - Sycamore permits licensed video gaming establishments, a possible additional revenue stream - Introduce new concepts - leverage the existing infrastructure without undertaking a costly ground-up restaurant build-out

Financing Options

No.

Business listed by

Eatz & Associates

Related Categories

bar for Sale

•pizza shop for Sale

•Business for Sale in Illinois