*PRICE REDUCED* Turn key established Restaurant & Bar w/Gaming
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New building, equipment & furnishings. Includes R/E, FFE, Inventory.
TURNKEY BAR & GRILL WITH GAMING - EXCEPTIONAL VALUE OPPORTUNITY
This established upscale restaurant and bar in Greenup, IL offers an outstanding investment opportunity with $400,000 in annual revenue and a significantly reduced asking price of $275,000. Built in 2024, this modern establishment enjoys a unique market position as the only upscale dining option in the area.
KEY BUSINESS ATTRIBUTES:
• Absentee owner operation with low maintenance requirements
• Excellent build quality in new construction facility
• Strong brand recognition and established customer loyalty
• Easy-to-run operations with proven systems in place
• Prime downtown location with excellent visibility
PROPERTY & EQUIPMENT:
• 2,000 sq ft modern building with high-end finishes
• Complete commercial kitchen with fire suppression system
• Top-tier stainless steel equipment and appliances
• Upscale dining room featuring fireplace and outdoor seating
• Elegant quartz bar countertop
• Multiple 4K TVs with Sonos sound system throughout
• Drive-up window for service expansion opportunities
• Durable polished concrete flooring
• Modern furniture and fixtures included
REVENUE STREAMS & GROWTH POTENTIAL:
• Video gaming providing additional income stream
• Online ordering system already established
• Expansion opportunities in drive-up services
• Outdoor dining and special events capability
• Extended hours and menu expansion potential
• Regional destination development possibilities
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $400,000
• Asking Price: $275,000 (price recently reduced)
• Includes real estate valued at $375,000
• FF&E value of $150,000 included
• $15,000 inventory included in sale
• Seller financing available
The retiring owner provides comprehensive transition support including hands-on training, staff and vendor introductions, operational playbook, and flexible transition period. This ensures smooth operations continuity.
With limited direct competition, expanding market demand for upscale dining, and strong fundamentals already in place, this represents an exceptional opportunity to acquire a profitable, well-positioned business with significant upside potential.
This established upscale restaurant and bar in Greenup, IL offers an outstanding investment opportunity with $400,000 in annual revenue and a significantly reduced asking price of $275,000. Built in 2024, this modern establishment enjoys a unique market position as the only upscale dining option in the area.
KEY BUSINESS ATTRIBUTES:
• Absentee owner operation with low maintenance requirements
• Excellent build quality in new construction facility
• Strong brand recognition and established customer loyalty
• Easy-to-run operations with proven systems in place
• Prime downtown location with excellent visibility
PROPERTY & EQUIPMENT:
• 2,000 sq ft modern building with high-end finishes
• Complete commercial kitchen with fire suppression system
• Top-tier stainless steel equipment and appliances
• Upscale dining room featuring fireplace and outdoor seating
• Elegant quartz bar countertop
• Multiple 4K TVs with Sonos sound system throughout
• Drive-up window for service expansion opportunities
• Durable polished concrete flooring
• Modern furniture and fixtures included
REVENUE STREAMS & GROWTH POTENTIAL:
• Video gaming providing additional income stream
• Online ordering system already established
• Expansion opportunities in drive-up services
• Outdoor dining and special events capability
• Extended hours and menu expansion potential
• Regional destination development possibilities
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $400,000
• Asking Price: $275,000 (price recently reduced)
• Includes real estate valued at $375,000
• FF&E value of $150,000 included
• $15,000 inventory included in sale
• Seller financing available
The retiring owner provides comprehensive transition support including hands-on training, staff and vendor introductions, operational playbook, and flexible transition period. This ensures smooth operations continuity.
With limited direct competition, expanding market demand for upscale dining, and strong fundamentals already in place, this represents an exceptional opportunity to acquire a profitable, well-positioned business with significant upside potential.
About the Business
- Years in Operation
- 1
- Facilities & Assets
- This 2,000 sq. ft. new construction building offers modern amenities & high-end finishes. New Commercial Kitchen & Appliances – Fully equipped with fire suppression, stainless steel equipment, and top-of-the-line commercial appliances. Upscale Dining & Bar Areas – Comfortable indoor and outdoor seating, fireplace in the dining room, and a quartz bar countertop for an elegant touch. Drive-Up Window – Durable, Maintenance-Free Finishes – Polished concrete floors and low-maintenance exterior for long-term efficiency. New Furniture & Fixtures
- Market Outlook / Competition
- This bar & grill is uniquely positioned as the only upscale restaurant in the area, giving it a distinct competitive advantage. The business captures a strong share of both local residents and travelers seeking quality food, drinks, and atmosphere not available elsewhere nearby.
High Opportunity for Growth – The market is expanding, with strong demand for elevated dining and entertainment options. Prime Visibility & Limited Direct Competition ensures long-term sustainability while creating the perfect platform for continued expansion and revenue growth. - Opportunities for Growth
- With an established customer base and proven sales, the foundation for profitability is already in place. With the right operator, this property has the potential to become not only a local favorite but also a regional destination for food, drinks and entertainment.
The opportunities for expansion include:
-Video gaming revenue growth
-Drive-up service (coffee, alcohol, food etc.)
-Outdoor dining & events
-Expanded hours & menu
-Brand Development-Strong brand presence & following
-Online ordering growth
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 2,000
About the Sale
- Seller Motivation
- Owner Retiring
- Transition Support
- Hands-On Training
Staff & Vendor Introductions
Operational Playbook
Flexible Transition Period
This level of support ensures that a new owner can confidently step in and continue operations seamlessly, while also being equipped to take the business to the next level.
Listing Info
- ID
- 2416353
- Listing Views
- 2381
Business Location
Listing ID: 2416353 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.
Businesses for SaleIllinois Businesses for SaleIllinois Food & Beverage Businesses for SaleIllinois Bars & Taverns Businesses for Sale
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