TURNKEY RESTAURANT, BAR & ACTIVE VIDEO GAMING BUSINESS

Asking Price: $150,000

Rare opportunity to acquire a fully built-out, second-generation restaurant, bar, and active Illinois video gaming establishment in the highly desirable Lake County (Gurnee area). With over $500,000 invested in leasehold improvements, equipment, and infrastructure, this asset sale offers exceptional value at a fraction of the cost to build a comparable facility today.

This is an asset and license sale, making it an ideal opportunity for restaurateurs, franchise operators, investors, or entrepreneurs looking to acquire a turnkey hospitality business without the time, expense, and uncertainty of a new buildout. The sale includes the furniture, fixtures, equipment (FF&E), commercial kitchen, bar equipment, and the existing active video gaming operation, allowing a qualified buyer to begin operations with minimal additional investment.

The facility features a spacious dining room with seating for approximately 60 guests, a professionally built full-service bar with five draft beer taps, and a private gaming lounge. The commercial kitchen is fully equipped with an 8-foot Type I exhaust hood, dedicated Wood Stone pizza oven with its own hood and preparation station, clay tandoor oven, six-burner commercial range, dual deep fryers, flat-top grill, convection ovens, walk-in cooler, multiple commercial freezers, prep stations, commercial dishwasher, ice machine, buffet equipment, and extensive stainless steel work areas.

One of the property's greatest strengths is its versatility. The existing infrastructure can accommodate virtually any restaurant concept, including full-service dining, sports bar, gastropub, brewery, steakhouse, pizzeria, ethnic cuisine, franchise conversion, catering operation, or entertainment venue. The dedicated pizza station and ghost kitchen capability also provide an excellent platform for operating multiple delivery-only brands and virtual restaurant concepts from a single location.

Located in a busy commercial corridor in the Gurnee area of Lake County, the property benefits from strong surrounding demographics, nearby residential communities, national retailers, hotels, and year-round customer traffic. The area presents an excellent opportunity for a gourmet pizza concept or other distinctive dining experience, supported by an active bar and video gaming operation. Additionally, the local Village offers a small business façade and remodeling grant of up to $25,000 for eligible projects, subject to application review and approval, providing added value for buyers looking to customize or refresh the space.

The business is being offered for sale following the unexpected passing of the operating partner. The remaining investor-owner resides out of state and manages several other established businesses, making it impractical to provide the hands-on oversight this operation deserves. Rather than appoint new management, the owner has elected to transition this exceptional opportunity to a qualified buyer.

Whether you are an experienced operator, franchisee, or investor, this is a rare chance to acquire a premium turnkey restaurant, bar, and active video gaming establishment with substantial infrastructure already in place and significant potential for a new owner to establish or expand their brand.