Profitable Upscale Bar for Sale!

Lake Forest, IL
Lake County


Asking Price: Annual Revenue:
$199,900 $586,667

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Upscale Bar for Sale! Broker: Eric Gagnon
License #: #85069
Owner Financing is Available!
Seller Financing - 25% Down

Quick Facts

Asking Price: $199,900
Annual Revenue: $586,667
Net Profit: Not Disclosed
Cash Flow: $96,266
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: Not Disclosed
BBN Listing #: 67368096
Broker Reference #: 7172

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Business Overview:

Profitable sports bar for sale is in a very popular neighborhood strip center bringing thousands of visitors weekly. 2019 projected sales are nearly $590,000 with high-profit alcohol sales delivering a take-home of close to six figures. Seller financing! Bring your offers on this bar for sale. Get strong volume of around $590,000 and earnings on the books for an owner-operator of around $95,000. It has been touted as one of the city's most attractive upscale bars. Tastefully designed with very modern finishes, beautifully decorated and fully equipped, this is a neighborhood gathering spot for friends and family. Located in a community strip center with numerous other retail businesses as well as thousands of square feet of office space. The current owner is willing to offer some financing to the right buyer. This bar for sale listed by We Sell Restaurants has a nice design with a distinctive bright red lacquered finish. It is well-stocked with many varieties of liquor, domestic and international wine and bottled beer as well as thirteen different brands of beer on tap. This is a great place to go and watch your favorite sports. There are 15 high-def TV's all around for viewing from every seat in this bar for sale. There's live music on Fridays. Full happy hour with half-price appetizers, half-price beer and wine and cocktail specials Sunday through Thursday from 3 to 6 PM. Bring your own concept or take over the existing menu at this bar for sale. They are serving pasta, sides, burgers, sandwiches, grille and of course desserts. They also offer delivery and pickup and online ordering. This bar for sale is in Lake Forest, a northern suburb of Chicago. Lake Forest is an affluent city located in Lake County, Illinois, United States. As of the 2010 census, it had a population of 19,375. The city is along the shore of Lake Michigan and is a part of the Chicago metropolitan area and the North Shore. An article in a local Chicago newspaper's headline stated, “A new spot in Lake Forest - satisfaction and service you will adore!”. Owning this sports bar for sale is a step up from a sub shop or pizza place. The financial upside and the fun of owning a location like this are what it's all about. The possibilities are endless. Let the restaurant brokers make this happen for you!

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Property Features and Assets:

1 Cooler storage 1 Freezer storage 40 Chairs 6 Tables square 3 Round tables 5 High tables 40 High chairs 4 Patio tables 20 Patio chairs 13 TV 55 1 TV 65 1 TV 40 4 Booth tables 16 Bar taps 1 Bar dishwasher 1 Bar cooler fridge 1 Bar freezer for glasses 4 Kitchen coolers 1 Kitchen micro oven 1 Kitchen pre heat oven 2 kitchen fryers 1 Kitchen stove 1 Kitchen flat stove 1 Coffee maker 4 Kitchen shelfs 1 Kitchen fridge 1 Ice machine 1 Kitchen dishwasher 2 Kitchen shelfs

Market Competition and Expansion:

It has been touted as one of the city’s most attractive upscale bars.

Reason for Selling:

Relocation

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.

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