High Traffic Bar With 2 Potential Bars In 1

Chicago, IL
Cook County

Profitable Large Turn-Key High Traffic Bar


Asking Price: Annual Revenue:
$399,000 $850,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: High Traffic Bar With 2 Potential Bars In 1 Broker: Ebonie Caldwell

Quick Facts

Asking Price: $399,000
Annual Revenue: $850,000
Net Profit: Not Disclosed
Cash Flow: $320,000
Total Debt: Not Disclosed
FF&E: $65,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 7
BBN Listing #: 252658442
Broker Reference #: Not Disclosed

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Business Overview:

Well established 10 years old restaurant/bar that generates close to a million dollars in annual sales for sale. This high-traffic location is near University Of Illinois, Medical District, University District with plenty public transportation and taxis near by. Ample parking in front and near the establishment. Inside the large bar, there is a large kitchen to make your new business even more profitable, with a huge outdoor patio. There are 2 large bars in 2 separate rooms, with 2 separate entrances with plenty of seating that has a maintenance free bar top with an estimate of 20 tap handles. There are a few Flat screen TV’s with an upgraded sound system to fill the spacious dining rooms. The establishment has a clean design that can accommodate many different types of concepts including a live concert or live band. All bar equipment and kitchen equipment stays which includes a hood and 2 walk-in freezer and 1 walk-in cooler and so much more. ALL THE NEW OWNER HAS TO DO IS PURCHASE THE BAR, TAKE OVER and MAKE MORE MONEY. This PRIME LOCATION of bar/restaurant is a 100% turnkey. You have the opportunity to bring your own concept and grow the business even bigger. The sell includes all inventory and furniture except pool table and business licenses.

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Property Features and Assets:

The facilities has a nice outdoor patio, that you can serve breakfast, brunch and lunch to increase the revenue even higher. In addition the bar is not only has an art decor style and plush furniture. But patrons can sit and enjoy cocktails or dining by the nice fireplace.

Market Competition and Expansion:

*Patio License *Tavern License *Retail Food License *Public Place Of Amusement License (Can charge at door for private events) *Public Transportation, Taxi's and Rideshare services easily accessible *Can have 2 Businesses In One, Which Will Allow You To Substantially Increase You ROI *Plenty Of Parking In Front *Near University, Near A Couple Hospitals *Minutes From Downtown and Greek Town *High Traffic Street and Neighborhood

Reason for Selling:

Owner Retiring.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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