Profitable Upscale Tavern – McHenry County / Northwest Suburbs Absente
Business Description
Absentee Owned | Established 8+ Years | Seller Financing Available
Business Overview:
Established 8+ years, this upscale tavern-style restaurant is a proven operation with a loyal customer base and a strong local reputation. Prior to absentee ownership, annual sales exceeded $2 million; current sales are approximately $900 k with a solid foundation for growth under an owner-operator model.
Key Highlights:
4,500 + sq ft of dining, bar, and kitchen space
EBITDA: ? $110 k
Video Gaming Net Profit: ? $60 k / yr
Food & Beverage Net Profit: ? $50 k
Gross Rent: ? $12 / sq ft (Gross Rent)
Plentiful parking and strong street visibility
Leadership team in place; ideal for hands-on owner-operator
Financing available up to 90 %, depending on buyer credit, experience, collateral, and working capital
Transaction Details:
This is a business-only sale; real estate not included. The sale structure is flexible and can be customized based on the buyer’s qualifications. An NDA will be required prior to releasing the business name, location, or financial statements.
Additional Notes:
Extensive SOPs, training materials, and experienced staff provide seamless transition.
Buyer can take advantage of ongoing staff training and a fully developed operations manual.
Seller may assist with Long-term financing.
Brokers welcome — seller will split fees with buyer broker up to $5,000.
Confidential Inquiry Required for Details
Established 8+ years, this upscale tavern-style restaurant is a proven operation with a loyal customer base and a strong local reputation. Prior to absentee ownership, annual sales exceeded $2 million; current sales are approximately $900 k with a solid foundation for growth under an owner-operator model.
Key Highlights:
4,500 + sq ft of dining, bar, and kitchen space
EBITDA: ? $110 k
Video Gaming Net Profit: ? $60 k / yr
Food & Beverage Net Profit: ? $50 k
Gross Rent: ? $12 / sq ft (Gross Rent)
Plentiful parking and strong street visibility
Leadership team in place; ideal for hands-on owner-operator
Financing available up to 90 %, depending on buyer credit, experience, collateral, and working capital
Transaction Details:
This is a business-only sale; real estate not included. The sale structure is flexible and can be customized based on the buyer’s qualifications. An NDA will be required prior to releasing the business name, location, or financial statements.
Additional Notes:
Extensive SOPs, training materials, and experienced staff provide seamless transition.
Buyer can take advantage of ongoing staff training and a fully developed operations manual.
Seller may assist with Long-term financing.
Brokers welcome — seller will split fees with buyer broker up to $5,000.
Confidential Inquiry Required for Details
About the Business
- Employees
- 21 (6 Full-time, 15 Part-time)
- Facilities & Assets
- All the equipment needed. 2 year old HVAC Units.
- Market Outlook / Competition
- The establishment has some unique features that can give it an advantage to the competition.
- Opportunities for Growth
- Plenty of opportunity to double or triple the revenue. Highest sales years were 2.3million.
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- Other Business interests, Downsizing
- Transition Support
- The restaurant runs smoothly with detailed SOPs, a clear employee handbook, training videos, and a seasoned staff. Ongoing training is easy to implement, ensuring consistent operations. With financing in place, staff development and operational support can continue seamlessly during transition.
- Financing Options
- Financing amount subject to; Experience, Collateral, Credit, Operating Cash
Listing Info
- ID
- 2443171
- Listing Views
- 247
Listing ID: 2443171 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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