Business For Sale

Sports Bar/Tavern with Package Lic., R.E. Included

Chicago, IL
Cook County


Asking Price: Annual Revenue:
$699,000 $540,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Sports Bar/Tavern with Package Lic., R.E. Included Broker: Dennis Hansmann

Quick Facts

Asking Price: $699,000
Annual Revenue: $540,000
Net Profit: Not Disclosed
Cash Flow: $140,000
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: $500,000
Year Established: 1979
Employees: 4
BBN Listing #: 704237950
Broker Reference #: Not Disclosed

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Business Overview:

This bar has a fairly rare tavern license these days that does not require you to sell food though they do have tailgate style barbecues in the parking lot attached to the business for fun during bears games and other sports events.

This is a great bar that is easy to manage with low overhead in one of the fastest growing neighborhoods in Chicago. This has become a new trendy area for people even outside the area to come to hang out in and have pre-game parties or to tailgate with this bars owner/customers in this bars onsite parking lot. The area has a lot of nice homes and has easy access to mass transportation such as the "L" blue line, buses, Metra, Divvy bikes, bike paths, just blocks off expressway, etc...

Great neighborhood tavern/sports bar that has been here for decades and that also happens to have a packaged liquor license. You can keep the packaged liquor space (liquor room) or expand the bar itself into this space creating about 40% or more additional seating. There are lots of options here as this space has lots of flexibility depending on if you leave as is, which works very well, but you could also move things around to make better use of floor space. The current bar itself where people sit can be used as it currently is or it can be expanded to accommodate double as many bar stools. More four-top tables can also be added to accommodate more customers. Billiards or gaming areas are currently in place, but can be expanded if needed. An entire section of this bar that is currently the retail liquor room area could be used for billiard or dart or other gaming tournaments driving larger profits than in retail liquor sales.

The business currently has modern large windows all along the main seating area that are opened for the popular indoor/outdoor experience, which can likely be expanded on another side. An outdoor patio can also possibly be added according to the seller on at least one side of the business. A building expansion or multi-floor addition adding another floor above the existing ground floor space may also be possible for a new owner of the building if that is of interest. Removal of the dropped ceiling to expose vintage ornate ceiling would be an option as well.

This sale includes the business entity as well as all furniture, all fixtures, all equipment, and all cash flow. Inventory is purchased at cost in addition to the purchase price. The real estate/property can be purchased for an additional $525,000.

Key upside for new owner:

Profitable Bar with Liquor Store
+ Great tavern liquor license
+ Packages liquor license for carry-out
+ Zoned to be developed into mixed use if desire
+ Late night Saturday hours
+ Long history in business
+ Real Estate included
+ Parking on-site
+ Plenty of additional street parking
+ Busy high traffic location
+ Indoor/Outdoor windows
+ Flexible business model
+ Flexible interior space
+ Lots of storage
+ 15 unit camera system
+ Training and support from seller
+ Much More...

Details:

Purchase Price: $699,000.00 (includes business entity & real estate)
Inventory Value (approximately): $50,000.00
Annual Gross Sales (approximately): $540K (or more expected as is without any changes)
Annual Cash Flow to Owner (approximately): $140-$150K (or more expected as is)
(Owner cash flow depends if owner is active or absentee and how the bar is operated etc.)

Hours of operation: Sunday - Friday 11AM-2AM, Saturday 11AM-3AM

** This sale and the business location are confidential. In order to accommodate prospective buyers, the location details as well as in-person meetings with the seller are being scheduled once a confidentiality agreement is in place and the financial ability of each buyer has been established.

Please contact Dennis Hansmann, American Business Acquisitions, President/Managing Broker/Owner, 312-360-1955 for more details.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The building area itself is approximately 2800+/- square feet plus a small basement and the property is approximately 6250 square feet. The property has parking available on-site for a dozen cars or so. Street parking is also readily available all around the business. The business currently serves as well as sells liquor/wine/beer and does not serve food, but food could be added. Plenty of space to use in various ways including putting in a small kitchen if somebody desired. Two customer bathrooms and one employee bathroom all in great shape. Large bar with new bar top. New indoor/outdoor windows. Has a gaming area for billiards and darts. Great physical property and building with flexible options to modernize if/when needed or remodel or redevelop if someone ever wanted to down the road. The space also has a very historical ornate ceiling that was likely installed at the time of original construction. The ceiling is not visible in the retail area as a dropped ceiling was installed decades ago. The original ceiling can be exposed throughout allowing for a much higher ceiling experience and also a vintage feel and look.

Market Competition and Expansion:

Competition: This bar and liquor store has a long history and a steadily growing neighborhood clientele. The business has been updated in recent years to modernize the feel some with an indoor/outdoor drinking experience in ways others in the area haven't. There are a couple other bars in the area with a different clientele that don't appear to appeal to as broad a general audience as this bar does. This bar also has a packaged liquor store type room that makes it possible to carry out when patrons leave. This bar has a great reputation with the local officials and even law enforcement who themselves are patrons in some cases. This is the bar in this area that is know for locals to gather at in order to enjoy the game or shoot pool or tailgate in the parking lot with the owner etc. No other bar really has the same feel in this area. Growth & Expansion: The physical space can be expanded or rearranged here in a variety of ways. There is a lot of floor space that is not utilized to accommodate bar patrons in terms of active bar service area as some space is more of a liquor room, but that could be changed extremely easily. A new owner could preposition the bar on one end of the space or create a full circle bar if they wanted, which would create much more seating in both cases. The bar can also be run as is and it can grow to double the size in revenue if run by an experienced owner operator. Possible outdoor beer garden or patio seating could be put in place. Expansion of table tops and seating areas inside. Billiards or dart and other leagues added.

Reason for Selling:

Seller has multiple business interests

Additional Details:

  • The property is owned.
  • 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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