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Asking Price:	$268,000 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 resale opportunity.
• This is not a distressed business or bankruptcy situation.