Beloved Long-Established Restaurant & Banquet Hall w/Property Lyons,IL

Asking Price$1,500,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$15,000
Not included in asking price
FF&E$300,000
Included in asking price
Real EstateNot Disclosed

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Beloved Long-Established Restaurant & Banquet Hall w/Property Lyons,IL


Asking Price$1,500,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$15,000
Not included in asking price
FF&E$300,000
Included in asking price
Real EstateNot Disclosed

Business Description
And Semi-Private Gaming Area With Gaming Revenue Of $82,947
Beloved Long-Established Restaurant & Banquet Hall w/Property Lyons, IL - 42 Years!

"And Semi-Private Gaming Area With Gaming Revenue Of $82,947"

An incredible opportunity to acquire a long-established full-service restaurant & banquet facility including its real estate on a highly desirable, heavily traveled corridor of Lyons, IL.

This iconic destination has been a cornerstone of the community for decades, offering a powerful combination of steady restaurant traffic & private event hosting.

The business and property are ideally suited for an experienced operator or investor seeking a large-scale hospitality asset with immediate operating capability & substantial upside through modernization or repositioning or redevelopment.

Included is a large full-service restaurant w/full-service bar. Open for breakfast, lunch & dinner. Dine-in, carryout, pickup & 3rd party delivery. Online ordering is also available. Full liquor license till 2a, Saturdays 3a.

Featuring a well laid out interior w/vestibule, hostess stand, wait area & large wait station + ample seating. And a semi-private gaming area w/6 video gaming machines + ATM. 2025 gaming revenue (location’s take) $82,947!

Plus, an expansive banquet hall w/dance floor, 2 bars, private bathrooms & its own separate entrance. Able to accommodate groups ranging from 45-250 guests. The room can also be split in 2 to be able to host 2 separate events simultaneously.

As well as a huge fully equipped kitchen set up for high volumes!

Well established over 42 years. Asset sale with property - all FF&E included. No financials. Independent - no royalty, advertising or transfer fees. Longtime family owned & operated.

Business Highlights
Diverse & Complementary Revenue Streams
• Full-service restaurant w/consistent lunch/dinner/weekend traffic
• Established gaming destination
• Dedicated banquet/private event business

Established Reputation & Market Presence
• Decades-long presence in Lyons & surrounding suburbs
• Strong brand recognition & repeat customer base
• A local neighborhood anchor & a regional event destination
• Popular for both everyday dining & large-scale events
• Continued demand for group dining & event venues

Expansive Facility & Flexible Layout
• Large dining areas accommodating significant guest volumes
• 2 banquet rooms w/flexible configuration for private events
• Efficient kitchen designed for both restaurant service & events

Freestanding Building w/Strong Visibility
• Prominent corner along a major commercial corridor
• Excellent signage/frontage along 2 high-traffic avenues
• Easy access for diners & event attendees

Prime corner retail space in a freestanding building. Boasts great signage, high visibility, easy access & ample parking for 60 vehicles.

Perfectly situated on a major thoroughfare lined w/restaurants, retailers & businesses + high traffic counts. And conveniently located close to major highways, making it convenient for guests traveling from surrounding suburbs and Chicago. Plus, close to many popular attractions. Also, surrounded by a dense commercial & residential area!

Prominent Suburban Location
• High-traffic corner w/dual street frontage
• One of the most recognizable commercial corridors in the SW suburbs
• Surrounded by retail/businesses/dense residential neighborhoods
• Strong mix of working professionals/families/long-term residents
• Centrally located within a dense western suburban trade area
• Immediate proximity to neighboring communities - Riverside, Brookfield, Stickney, Berwyn & Cicero
• Convenient access to major highways I-55 & I-290

Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, complete the short Contact Form or call the EatZ Broker on the right for more info. Showings by appt only outside of business hrs.

Listed By Theo Theodosiadis at EatZ & Associates / EatZ Real Estate Group LLC
About the Business
Years in Operation
42
Employees
15 (7 Full-time, 8 Part-time)
Facilities & Assets
Owners Role: Family owned and operated - acting full-time managers.

Square Feet: 7,500 (3,500 sqft Restaurant + 4,000 sqft Banquet Hall).

Seating: 400 (150 Restaurant + 250 Banquet Hall).

Restaurant Days/Hrs of Operation: Daily 7a-9p.

Property Information: 10,300 sqft one-story freestanding building. On approx. 1 acre (.997) of land. Zoned retail/commercial. 2024 real estate taxes $73,052. 1st installment for 2025 real estate taxes $44,181.
Market Outlook / Competition
Classic family- style restaurant serving a wide range of delicious American, Greek and Italian comfort food. Freshly prepared, cooked-to-order meals made with high-quality ingredients. Known for its welcoming atmosphere, excellent food and exceptional service.

Plus, an exceptional banquet room. A versatile event space suitable for various occasions. Ideal for both intimate gatherings and larger celebrations including showers, weddings, holiday celebrations, business meetings and much more. Ample parking for both daily diners and banquet attendees!
Opportunities for Growth
Longtime local favorite. Beloved restaurant and banquet hall. Neighborhood gem. Staple in the community. Regional destination venue. Prime spot/standout choice in the area. Long established brand. The go-to place for generations. Loyal customer base. Tons of regulars. Highly rated & recommended, superb reputation to continue to build upon for another 40 years!

With its strong reputation, large-scale footprint and prime location, this property offers exceptional fundamentals and presents a compelling opportunity for a new owner to refresh, modernize, fully reposition or completely redevelop!

• Ideal for cosmetic renovation or full interior/exterior transformation
• Significant upside through updated branding, design & customer experience
• Introduce a new concept while leveraging existing layout & infrastructure
• Ground-up redevelopment on this rare 1-acre corner lot with outstanding frontage on two high-traffic avenues in a dense suburban market
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
10,300
About the Sale
Seller Motivation
Retiring.
Transition Support
On-site comprehensive training (as long as needed).
Financing Options
No.
Listing Info
ID
2500329
Listing Views
9
Attached DocumentsAttachment Disclaimer

Brokerworks Business Information.pdf


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Business Listed by: Ted Theodosiadis EatZ & Associates

Listing ID: 2500329 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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