Established Steakhouse with Real Estate - Retirement Sale

View Original Listing

Financial Details

Asking Price:
$50,000
Annual Revenue:
$120,000
Cash Flow / SDE:
$29,500
Profit Metric:
Total Revenue
Valuation Multiple:
1.7x
Location:
Old Riley Township, IL, US
Source:
Date:
October 08, 2025

Key Highlights

Established Steakhouse with 75 years of operation in the same location.
Includes valuable real estate, also for sale separately.
Owners retiring, offering a turnkey opportunity below outfitting cost.

Description

This listing presents an established steakhouse with a rich history, operating in the same location for 75 years. The owners are ready to retire, offering a prime opportunity for a new owner to take over a well-rooted business. Recent updates include a new bar floor and a replaced broiler, ensuring modern functionality. A large walk-in freezer is available for inventory management. The business benefits from experienced employees already in place. This is a chance to acquire a restaurant for less than the cost of starting a new one from scratch. The real estate associated with the property is also available for purchase. For inquiries regarding the real property or to schedule a viewing, contact DBK Realty IL, LLC.

Industry Information

Industry Description:
Steakhouse Restaurant
Classification:
Restaurants & Food

Operational Snapshot

Year Established:
1940
Employees:
0
Reason for Selling:
Retirement

Real Estate & Lease

Status:
For_sale
Monthly Rent:
$0 USD

Assets & Inventory

FF&E Value:
$145,728 USD
Includes FF&E:
Yes
Inventory Value:
$8,000 USD
Includes Inventory:
Yes

Broker Contact

Name:
Bruce Thompson
Company:
First Choice Business Brokers
Phone:
(636) 445-5444

Listing Details

Listing ID:
f9b87e16-83a5-4961-849c-f1717788679b
Source Listing ID:
24699
Deal Status:
For Sale
Last Updated:
October 08, 2025
Currency:
USD

Features & Tags

Quality Verified This listing meets our quality criteria and standards. Verified