Sell a Business!
Post a business for sale for as little as $99.95! |
|
|
Illinois Business For Sale |
|
|
|
| BILLIARD HALL FOR SALE IN CHICAGO |
|
|
|
| Attn: Tony or Dennis |
|
| Chicago, IL, USA |
|
|
|
|
|
|
| Asking Price: |
|
$325,000 USD USA Dollars |
| Business for Sale Industry: |
|
Recreation: Entertainment |
| Reason for Selling: |
|
Owner has many other businesses to
manage. |
| Year Established: |
|
1983 |
| # of Employees: |
|
4 |
| Yearly Cash Flow: |
|
$130,000 |
| Yearly Gross Income: |
|
$291,000 |
|
|
|
|
|
|
Business for Sale Overview:
|
|
Well known billiard hall for sale in Chicago, established in the 1980s.
Located in a very busy neighborhood in the Chicago area. The Illinois
Department of Transportation reports that there are over 27,600 cars
driving by the front door each day. It is also near a lot of foot traffic
that is due to college students. There are well over a dozen billiard
tables and snooker tables as well as video games. The business has a
retail food establishment license and a public place of amusement
license. This is a BYOB establishment that allows the over 21
customers can bring in their own liquor, beer or wine to drink while
they play pool. The most important highlight of this business is that it
is owned by an absentee owner. The owner has a manager who runs
the day to day operations.
You ll never run out of storage space with the approximately 3,000
square feet basement. There are 8 cameras throughout the pool hall
that can be viewed online via a secure website. Currently, the pool hall
is a smoke free environment because they serve food. In January of
2008, a state wide smoking ban went into effect. The new smoking ban
has not had any impact on the pool hall because it has been non-
smoking for a long time. This business generates over $130,000 in
cash flow without doing any advertising. Imagine what it will do if you
start advertising.
|
|
Property Features and Assets:
|
|
Occupancy is approximately 300 +/-, Lease Term is 5 years with (2) 5-
year options, Base Rent; Real Estate, Taxes, C.A.M. is $5,000 per Month
for 1st 24 months & Increases 2% Annually after year 3, Store Size is
approximately 5,843 Square Feet+/- plus full basement, Maintenance
Fees is included in rent, Plenty of street
parking. |
|
Market Competition and Expansion:
|
|
Unlimited growth with no competition near by and no advertising is
currently being done. This business has been around a long time and is
very-very well known just by word of mouth so advertising could make a
huge growth impact. |
|
|
|
|
|
Additional Details:
|
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
|
|
|
|
|
|
To contact the seller of this
specific business for sale please complete and submit the following
form.
|
|
|
| Please provide any
additional details: |
|
|
* Indicates required field.
|
|