Bars, Pubs & Taverns, Miscellaneous Restaurant & Bars
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Fully-Equipped Modern Gastropub w/Lg Waterfront Patio - North Suburb!
Lake County, Illinois, United States
Asking Price$99,000
Revenue-
EBITDA-
Cash Flow-
Description
Fully-Equipped Modern Gastropub w/Large Waterfront Patio Affluent North Suburb of Chicago, IL - Turnkey!
"5,860 SqFt Gastropub - Newer Equipment - 1,900 SqFt Patio - On A Major Commercial Corridor w/32,000+VPD - Affluent Lake County Suburb"
An incredible turnkey gastropub, ready for its next owner! An outstanding opportunity to acquire a beautifully built-out, fully equipped bar and restaurant in an affluent north suburb of Chicago in Lake County.
Established in 2022, this impressive 5,860 sqft gastropub features contemporary industrial-modern styling, a full-service bar, multiple dining areas and an expansive 1,900 sqft outdoor patio with 90 seats, plus a well-equipped commercial kitchen that was installed with all new equipment.
Offered at just $99,000, this asset sale includes the existing furniture, fixtures, equipment, build-out, trade name and goodwill!
A tremendous opportunity for an experienced restaurateur or entrepreneur to step into an exceptional bar and restaurant facility without the substantial expense, construction delays and challenges associated with building from scratch.
Industrial-Modern Finishes & Substantial Build-Out
- Spacious 5,860 sqft gastropub with attractive industrial-modern décor, soaring arched windows, polished concrete floors & contemporary finishes
- Full-service bar with extensive liquor service infrastructure
- Offering 42 taps of craft beers, wines, ciders & cocktails
- Multiple dining/gathering areas suitable for drinking, casual dining, celebrations & private events
- Fully equipped commercial kitchen with newer equipment (installed in 2022)
- Designed as a destination dining & entertainment experience
- Existing online ordering, reservation & private-event booking capabilities
- Shared on-site parking with convenient customer access
90 Seats Under The Trees, Overlooking A Pond
- Spectacular 1,900 sqft fenced-in patio
- 90 seats shaded by umbrellas and trees
- Overlooking a large pond
- Substantial additional seasonal capacity for outdoor dining &social gatherings
- Guests come for the food/drink and stay for the night
Keep The Current Concept Or Bring Your Own
Currently serving an American pub menu including specialty burgers, chicken sandwiches, wings, pretzels, salads, flatbreads and more along with local and regional beverages, as well as coffee and espresso drinks. Highly rated and recommended.
An adaptable bar and restaurant layout offering the flexibility to retain the current concept or introduce a new bar, restaurant or dining concept. Walk in, change the menu if you like, and open!
One Of Lake County’s Most Affluent Corridors
Strategically situated along a well-established, heavily traveled commercial corridor with more than 32,000 vehicles daily serving multiple highly-desirable north suburban communities.
The surrounding area features an attractive mix of office buildings, retail centers, restaurants, automotive dealerships, established residential neighborhoods and senior living communities.
Long Established Bar & Restaurant
Has been a sought-after bar and restaurant location for over 40 years. This prime location has long benefited from its proximity to numerous shopping, dining and employment destinations as well as convenient regional accessibility and a strong surrounding customer base.
Impressive Area Demographics
1-Mile: 6,879 residents | Median HH Income $151,209
3-Mile: 56,292 residents | Median HH Income $138,435
5-Mile: 122,546 residents | Median HH Income $152,246
An exceptionally affluent trade area with more than 122,000 residents within 5 miles and median household incomes exceeding $150,000 within both 1 and 5 miles!
This is a HIGHLY confidential listing. If interested, please email Tim Ryan at [email protected] or call 847-343-1332 for more information. Showings by appointment only outside of business hours.
Real Estate
Rent is $7,606 per month
Building Size: 5860 sq. ft.Furniture Fixtures & Equipment
$150k
Inventory
$10k
Year Established
2022
Reason Selling
Other interests.
Facilities & Assets
Owners Role: Owner operated - supervisory (oversees the operation). Also, a general manager in place.
# Of Employees: 15.
Square Feet: 5,860 SqFt + 1,900 SqFt Patio.
Seating: 140 Inside & 90 Outside.
Days/Hrs of Operation: Tu-Th 3p-10p, Fr 3p-12m, Sa 10:30a-12m, Su 11a-9p (Closed Mondays).
Lease Information: Leased space $7,606/mth gross. Current lease expires Dec 2026 with five 1-year options.
Support & Training
Negotiable.
Market & Competition
An impressive, fully equipped gastropub with a modern build-out, excellent outdoor dining capacity, newer kitchen equipment and an affluent suburban customer base for a fraction of the cost of starting a bar and restaurant concept from an empty commercial space.
Located in a highly-desirable Lake County market with an outstanding mix of retail customers, professionals and high-income residents with an established dining culture and strong household purchasing power.
Growth Opportunities
Significant potential to expand weekday lunch service, increase private parties and corporate events, develop catering and takeout, enhance digital marketing and maximize its impressive seasonal patio.
Its versatile layout also allows a buyer to reposition the space around many different food and beverage concepts. Bring your vision here!
Financing Options
No.
Business listed by
Eatz & Associates
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