Seller's Contact Information
- RE: Rare Profitable Gaming, Pool, Billiards, Snooker..
- Contact: Dennis
Quick Facts
Asking Price: | $119,000 | |
Annual Revenue: | $246,358 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $72,000 | |
Total Debt: | Not Disclosed | |
FF&E: | 75,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1983 | |
Employees: | 2 | |
BBN Listing #: | 515537950 | |
Broker Reference #: | 1J231 |
Business Overview:
This business runs mostly absentee. There is a manager in place who has run it for the last several years.
Well-known for general entertainment for people who are adults to enjoy in the form of some gaming, but also pool, billiards, snooker, etc. Established in 1983. Located in a well-traveled neighborhood of this Chicago community with high vehicle traffic and very supportive neighboring businesses.
The business has two licenses, a “retail food establishment” license and a “entertainment” related license. You can charge a cover or door charge with the entertainment license for events. The “retail food establishment” license allows you to make and serve food. This business has a kitchen cooking hood (black iron) already installed and can make almost any type of food, but currently just serves chicken wings, chicken tenders, nachos, mozzarella sticks, pizza puffs, pizza, french fries, cheese fries, onion rings, jalapeno poppers, fried mushrooms, candy bars, chips, coffee, soda, Red Bull, and bottled water. The entertainment related license allows you to have as many video games, pool tables, and snooker tables as you can fit. It also allows you to have live entertainment and a cover charge, as mentioned. Another perk is that “over 21” customers can bring in their own beer or wine. A new owner can add a liquor license as some groundwork has already been laid for that.
The most important highlight of this business is that it is owned by a mostly 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 sq ft basement. There are cameras throughout that can be viewed online via a secure website.
Very nice, clean, and comfortable place to hang out and watch sports, drink with friends, or mingle. Tournaments for the various games can be set in motion as was the case in prior years.
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Property Features and Assets:
5,000 square feet with well equipped kitchen and 3,000 square feet basement.
Market Competition and Expansion:
This business has an unsurpassed historical presence with few of a similar type remaining anywhere in the metro area. This business recently added more gaming type machines, which will help. The kitchen is capable of a much bigger and broader menu. A new owner can add a liquor license as some groundwork has already been laid for that.
Reason for Selling:
Owner is absentee, checks in from time to time.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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