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For Sale

Rockys American Grill

698 North Milwaukee Avenue,
Prospect Heights, IL 60070

Asset Snapshot

1991
Year Built
1
Floor Count
100%
Occupancy

Offering Summary

Investment Overview

This established Prospect Heights sports bar and dance venue demonstrates strong financial metrics with $1.5M gross sales (2024) and $300,000+ Seller's Discretionary Earnings, representing a 20% SDE margin. ($1.3 Gross sales in 2025 with cash flow over $500k) Gaming revenue provides additional stability with $127,243 take-home (2024), indicating consistent supplemental income streams. None of these numbers reflect any cover charges at $20pp and over 600 covers between Fri/Sat.


Investment Highlights

  • • Total Capacity: 365 seats including 50-seat patio (14% outdoor seating ratio)
  • • Operating Hours: 3PM-3AM daily (12-hour operation window) Very Rare 20-hour license
  • • Licensed Hours: 4AM daily liquor license maximizes revenue potential. Can open at 8am if wanted for additional gaming revenues.
  • • Largest Modelo account in Illinois (state-leading position)
  • • Lease Terms: $10,500/month NNN, Year 7 of 10-year extension (3 years remaining)
  • • Annual Rent-to-Sales Ratio: 8.4% ($126,000 annual rent / $1.5M sales)
  • REVENUE DIVERSIFICATION
  • • Primary Revenue: Food and beverage operations
  • • Secondary Revenue: Video gaming ($127K+ annual). Reports attached, Corp name "Sellis Ent"
  • • Seasonal Revenue: Outdoor bands and summer festivals
  • • Peak Performance: DJ and dance operations Thursday-Saturday
  • COMPETITIVE ADVANTAGES
  • • Extended operating license (4AM daily) vs standard 2AM closures
  • • State's largest gaming account provides market differentiation
  • • Multi-bar configuration enables efficient high-volume service
  • • Professional sound system and lighting infrastructure support premium entertainment positioning
  • • Established customer base with proven nightlife demographic

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Listing Syndicated From

Buildout
For Sale
$1,500,000
Asking Price