Restaurant And Bar With Gaming Real Estate

Description

Restaurant, bar and real estate offered together in a small Illinois community outside St. Louis. The property sits on the town square and includes two operating businesses, an upper-level apartment and additional finished basement space.

Property

• Approximately 22,000 sq. ft. total
• Restaurant: approximately 4,000 sq. ft.
• Bar: approximately 4,000 sq. ft.
• Finished basement: approximately 8,000 sq. ft.
• Upper-level apartment
• Real estate included in the sale

Restaurant

The restaurant occupies the main floor and includes a commercial kitchen and maintained dining area. The seller reports that the property and operating spaces have been kept in good condition.

Buyers should obtain a complete equipment list and inspect the kitchen, refrigeration, ventilation, fire-suppression and other major systems.

Bar and gaming

The adjoining bar operates from a separate space of approximately 4,000 sq. ft. and includes licensed gaming.

Buyers should review the gaming revenue separately, including machine ownership, operator agreements, revenue splits and any fees connected with the gaming program.

Additional space

The finished basement adds approximately 8,000 sq. ft. of usable space. The upper-level apartment may provide residential or rental use, subject to current zoning and occupancy approvals.

Reason for sale

The current owner is preparing to retire and is offering the businesses and real estate together.

Buyer review

Buyers should verify financial statements for the restaurant and bar separately, real estate value, equipment ownership, property taxes, utilities, staffing and any deferred maintenance.

Liquor licensing, gaming approvals, food-service permits, occupancy limits, zoning and apartment use should also be confirmed. Existing licenses and gaming arrangements should not be assumed to transfer automatically to a new owner.