Turn-Key Profitable Bar/Restaurant - High Traffic

Not Disclosed, IL
Cook County

University VIllage (Near Greek Town & South Loop)


Asking Price: Annual Revenue:
$950,000 $1,361,314

Food & Beverage: Bars, Clubs, Nightspots


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RE: Turn-Key Profitable Bar/Restaurant - High Traffic Broker: Ebonie Caldwell
Owner Financing is Available!
*Seller Financing *Seller will assist with structuring the deal *Seller Financing Available Up-to $200,000

Quick Facts

Asking Price: $950,000
Annual Revenue: $1,361,314
Net Profit: $245,047
Cash Flow: $245,047
Total Debt: $588,946
FF&E: $275,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 25
BBN Listing #: 17058442
Broker Reference #: Not Disclosed

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Business Overview:

High Traffic and Profitable Boutique Eclectic American Restaurant and Bar located in University Village is the perfect turn-key business for your current portfolio and/or new business venture. This full-service bar and restaurant for sale features everything you need to become successful in the nightlife, food and beverage industry from day one. The fully equipped commercial kitchen is updated with all equipment and inventory staying. This Fine Dining Restaurant and Bar for Sale has a grease trap, large hood system, walk-in cooler and plenty of hot and cold storage to support any menu a creative chef could dream up. The staff is stable, experienced and well trained. The owner will stay on for a negotiated period of time to assist with an easy transition.

*Tavern License
*Retail Food License
*Public Place Of Amusement License
*Sales averages around $25,000 a week

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Property Features and Assets:

Fully built out and established turn key restaurant and bar with high exposure, due to the business being located near major university, pavilion, theater, public transportation and very business main street. Restaurant /Bar is approximately 5358 square feet with seating for 70 guest and license for outdoor seating. This turn key business comes with a tavern license, retail food license and a PPA License (Public Place Of Amusement) Which will allow the new owner to charge at the door for private events. Current operating hours are 5pm to 3am for late night food and cocktails, which could be open even earlier a the new owners discretion.

Market Competition and Expansion:

Their are several neighboring fast food establishments located within .25 miles from one another. However, their are only a few hangout spots such as Bar Louies, Bracket Room and PH.D Pub. In addition their are a couple of dine in restaurants such as Lalo's Mexican Restaurant and Kohan Japanese Restaurant. The current active establishment for sale is the only location that serves as a fine dining restaurant, as well as a relaxed professional hangout happy hours, intimate concert venue and private event rental space. There is plenty of growth and opportunity and owning a business that is not only already established and has a large following but has the opportunity to gross much more than it is currently grossing by taking advantage of the outdoor patio and earlier opening hours at the discretion of the new owner. This is an area an a street that does not sleep like Las Vegas, Time Square or Chicago's Gold Coast area Rush and Division.

Reason for Selling:

Opening a bigger entertainment business.

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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