Beloved Long-Established Restaurant And Banquet Hall W/Property
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 and 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 and 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 and substantial upside through modernization or repositioning or redevelopment. Included is a large full-service restaurant with a full-service bar. Open for breakfast, lunch and dinner. Dine-in, carryout, pickup and 3rd party delivery. Online ordering is also available. Full liquor license until 2am and 3am on Saturdays. Featuring a well laid out interior with vestibule, hostess stand, wait area and large wait station, plus ample seating. And a semi-private gaming area with 6 video gaming machines, plus ATM. 2025 gaming revenue (location’s take) $82,947! Plus, an expansive banquet hall with a dance floor, two bars, private bathrooms and its own separate entrance. Able to accommodate groups ranging from 45 to 250 guests. The room can also be split in two to be able to host two 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 furniture, fixtures and equipment (FF&E) included. No financials. Independent - no royalty, advertising or transfer fees. Longtime family owned and operated. Business Highlights Established Reputation & Market Presence Expansive Facility & Flexible Layout Freestanding Building With Strong Visibility Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please click on the orange Contact Broker button on the right to complete the short contact form. Showings by appointment only outside of business hours. Listed By EatZ & Associates / EatZ Real Estate Group LLC
Location
Prime corner retail space in a freestanding building. Boasts great signage, high visibility, easy access and ample parking for 60 vehicles. Perfectly situated on a major thoroughfare lined with restaurants, retailers and businesses, plus 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 and residential area! Strategically located in Lyons, a desirable suburb about 14 miles from downtown Chicago. Offering a wonderful mix of historic charm and modern amenities. Known for its rich history, convenient location and community-focused atmosphere. Prominent Suburban Location At the hightraffic corner with dual street frontage On one of the most recognizable commercial corridors in the southwest suburbs Surrounded by retail, businesses and dense residential neighborhoods Strong mix of working professionals, families and longterm residents Centrally located within a dense western suburban trade area Immediate proximity to neighboring communities including Riverside, Brookfield, Stickney, Berwyn and Cicero Convenient access to major highways including I55 and I290
Employees
7 Full-Time (3 Owners) & 8 Part-Time
Real Estate
Real Property Included
Trading Hours
Daily 7a-9p
Management Type
This business is owner operated.
Premises Details
Year Established: 1984. Property Information: 10,300 sq. ft. one-story freestanding building. On approx. 1 acre (0.997) of land. Zoned retail/commercial. 2024 real estate taxes $73,052. 1st installment for 2025 real estate taxes $44,181.Seating: 400 (150 Restaurant + 250 Banquet Hall). Owner's Role: Family owned and operated - acting full-time managers.
Years Established
Over 42 Years
Support & Training
On-site comprehensive training (as long as needed).
Expansion Potential
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 Groundup redevelopment on this rare 1acre corner lot with outstanding frontage on two hightraffic avenues in a dense suburban market
Size In Square Feet
7,500 (3,500 sqft Restaurant + 4,000 sqft Banquet Hall)
Competition / Market
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!
Inventory / Stock Value
$15,000
Reason for Selling
Retiring.
Financials
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