Hot Listing

Beautiful Event Center/Tavern/Nightclub

Asking Price$79,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

listing imageSave
Hot Listing

Beautiful Event Center/Tavern/Nightclub


Asking Price$79,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Beautiful facility on golf course, fully equipped, four unique banquet and party rooms, plus restaurant, bar and nightclub. Perfect for every purpose. Lush views and grounds, convenient Lake County location.Current lease ends August, 2026, with option to extend.

The event portion of the business has room to grow, as there are multiple ballrooms. While the
business is steady, it would benefit from more active management.
The restaurant has been growing significantly since current owner took over. It was originally
open only during golf season, but is now open year-round, and occupies newly expanded space
within the facility on busy nights, as well as patio dining and drinks.
The dance club, has been used almost exclusively as an after-party add-on to wedding
receptions, as licensing did not permit operation as a night club. The space has recently
qualified for nightclub licensing. This addition will be a substantial source of additional income..

This is a turnkey operation. There are multiple kitchens and prep areas, extensive settings,
silverware, flatware, decorations, seating, security system, outdoor ceremony spaces and more.
The sale is based not of financials, due to our limited experience through and following the
pandemic. Consider this a start-up opportunity.
You will be assuming the current lease, which terminates in August, 2026, and you will have an
option for a new lease for five years subsequently.

The price is $89,000 for the sale of the business opportunity. This includes some furniture,
fixtures and equipment. A list of included FFE will be provided, and would consist primarily of
sound and lighting equipment in the nightclub, other video and electronic support systems,
computers, etc. Alcohol on premises will be transferred at cost based on inventory at time of
sale. Websites for the tavern and event center are available, as well.

Please provide a personal financial statement, income statement, summary of your experience and background, and any other documentation that would help assist in acquisition. A potential new operator must be approvedby the landlord based on financial strength.
About the Business
Years in Operation
9
Employees
20
Facilities & Assets
Fully equipped with all licensing in place (alcohol license requires relicensing with new owner).Succefful restaurant/pub with established clientele. Multiple events in banquet rooms possibly simultaneously. Party room with DJ setup perfect for after-parties and celebrations. Banquet rooms for 50-300 guests, each with different style.
Market Outlook / Competition
The venue is a mid-priced option, affordable options for all. Competition in immediate area is very limited. Draws from Kenosha and Milwaukee, and the northern suburbs of Chicago. Requires experienced marketer to develop new revenue streams and offerings.
Opportunities for Growth
Facility is underused at this time. Development plans were postponed during pandemic and not fully realized. Nightclub licensing provides additional opportunity.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
50,000
Rent
$17,200.00 per month
Lease Expiration
9/30/2026
About the Sale
Seller Motivation
Out of state owner.
Transition Support
Current manager will stay on as needed during transition period.
Listing Info
ID
2297873
Listing Views
3802

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: STEVEN HOFFMAN

Listing ID: 2297873 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.