Turnkey Landmark Bar & Restaurant + Beer Garden - Business for Sale
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Bar, Restaurant, and Beer Garden in Utica, IL
Utica, IL, US
Added 3 days ago
Bar & Restaurant with Beer Garden and Entertainment
5 years in business
Absentee / Semi-Absentee
This business consists of a turnkey bar and restaurant with a beer garden located in downtown Utica, IL, operating from a historic 1874 building and a separate outdoor venue, both serving food, drinks, and hosting events.
Key Information
Asking
$99K
Revenue
–
Earnings
–
Multiple
–
Key Highlights
- Option to purchase both properties (bar/restaurant and beer garden) for $850,000, including all assets
- Business established in 2019 (bar/restaurant) and 2021 (beer garden)
- Gross sales and net operating income not disclosed (asset sale only)
- Lease available at $6,500 per month modified gross; tenant pays real estate tax and insurance increases over base year; terms negotiable
- Premises include a 2-story building with full basement (approx. 4,448 sq ft), a beer garden bar structure (300 sq ft), and 4,004 sq ft of decking
- Seating capacity: 116 indoor (16 bar, 45 dining, 55 event) and 204 outdoor (58 patio, 146 beer garden)
- Employee count: 2-3 full-time, 7 part-time
- Owner is absentee; training negotiable on-site
- Value of FF&E included in price is $99,000; inventory not included in price
- Located in downtown Utica, IL, in the Mill Street dining and entertainment district, near Starved Rock State Park
Contact Info
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