Well Known, High Revenue, Restaurant and Bar Establishement!

Verona, IL

Seller Financing Available

Front View of Main Bar and Restaurant with Covered Front Porch Seating.
Asking Price:$1,599,000
Established Year:2014
Real Estate:$850,000
BUSINESS DESCRIPTION

The owners of this well known establishment have decided to retire, creating an opportunity for a buyer to purchase a high volume restaurant-bar that is very profitable. EJ Karz is the combination of a busy restaurant with a 60 seat dining room, a spacious bar that seats 24 with plenty of room for a standing crowd, and an outdoor bar in a recently constructed pavilion which is nestled in the shade of tall oak trees, and offers seating for 260 people! The 6,400 sq.ft. restaurant/bar building, outdoor bar and seating area, and large parking lot is on 3.7 acres with lush green grass and towering oak trees! The fully equipped kitchen is spotless and provides plenty of room in an efficient layout for high volume food sales. The beautiful bar and back bar is laid-out for high volume and features a beer cooler that has glass doors from the walk-in cooler making restocking the bar a breeze! The video gaming machines add additional profit. There is a covered front deck on the building that seats 40+ people and a balcony on the back of the building that overlooks the stage, outdoor seating area and huge concrete patio. There is also a large basement with high ceilings and poured concrete walls that opens to the back patio. The basement is not currently used by customers or for events, but has been in the past. EJ Karz draws patrons from a very large area and has had events with live music and over 1,000 people in attendance! If you are looking for a very profitable, turn-key food and beverage business, you need look no further! This business is closed on Mondays and during summer holidays, so there would be additional revenue and profit for new owner who wants to be open 7 days a week and on summer holidays! The sale will include the business class C and package liquor licenses. Please check out this business as a customer; the food is delicious, the drinks are cold, the service is friendly, and the relaxed atmosphere is great! Then make an appointment to tour the business with a real estate broker on a Monday, or before or after business hours.


DETAILED INFORMATION
Location
Verona, IL
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
6,400
Employees
24
Facilities
This business is being offer with fully equipped restaurant and bar in a 6,400 sq.ft. building with covered attached outdoor seating area, an outdoor pavilian bar with covered seating for over 75 people and uncovered seating for 190 people, a stage with electricity and large concrete area in front of the stage for patrons, all on a beautiful 3.7 acres with towering shade trees and a large parking lot.
Competition
This business is well-known in the area and is on a heavily traveled road near a power plant with over 750 employees. The restaurant is frequented by families who appreciate the variety of the menu and the excellent food. This restaurant-bar has an abundance of indoor seating and has live music events in their outdoor area on most Summer weekends, that draw patrons from an area in a 75+ mile radius. There are very few establishments in a wide area that can accommodate over 1,000 patrons to an event like this one can!
Growth & Expansion
The business is closed on Mondays and on most holidays. Revenue could be increased substantially with business open 7 days a week and on Summer holidays.
Support & Training
Sellers are offering to stay on to train new owners.
Reason for Selling
Owners Retiring
Franchise
This business is an established franchise

BUSINESS LOCATION
Report an Issue with this listing
profile-img
Shawn
Hornsby
logo-img
Shawn Hornsby