NOT DISCLOSED, Illinois
| Asking Price |
$230,000 |
Year Established |
2018 |
|
| Annual Revenue |
$426,404 |
Reason for Selling |
Growing family. |
|
| Annual P/L |
$0 |
Attention |
Tim Ryan |
|
| Annual Cash Flow |
$85,842 |
Listing Number |
1018854 |
|
| # of Employees |
10 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
Popular Bar & Grill w/Gaming Western Suburb of Chicago, IL - Exceptional Suburban Downtown Location!
“The Second Busiest Video Gaming Spot In Town With 2025 Gaming Income At $107,287”
Outstanding opportunity to acquire a fully equipped neighborhood bar & grill with video gaming in a thriving historic downtown. Turnkey, with multiple revenue streams, an experienced management team, a loyal customer following and increasing sales!
The full-service bar features craft beers, signature cocktails, daily drink and happy hour specials. The carefully developed menu offers broad appeal with appetizers, burgers, sandwiches, flatbreads, tacos, fresh salads, comfort food favorites and daily specials.
Six video gaming terminals create a valuable secondary income stream requiring minimal labor while producing strong cash flow. Offered as a stock sale, allowing the gaming license to remain active, subject to Illinois Gaming Board approval and terminal operator requirements. The terminal operator agreement runs through April 2030.
Substantial 2024 remodeling and equipment upgrades created an attractive interior with a wraparound bar, spacious dining, pool, darts, arcade games and an open gaming area. A flexible floor plan supports casual lunches, family dinners, late-night entertainment, live music, trivia nights, private parties and special events.
Property Features and Assets:
<p>Prime corner retail space in a freestanding building on one of the city’s primary commercial corridors, offering excellent visibility, convenient public parking and steady pedestrian traffic. Strategically positioned in the heart of the historic downtown of a growing western suburb approximately one hour west of Chicago, with excellent walkability. Surrounded by locally owned restaurants, bars, shops and professional offices in an established nightlife area with strong local demographics. Year-round community festivals and seasonal events bring steady crowds downtown. Has become an area destination for residents and visitors seeking dining, entertainment and nightlife in an authentic downtown setting. <br><br>SqFt: 4,400 + Basement Storage<br>Seating: 55 (Bar & Tables)<br>Hrs: Tue-Sun 11am-1am (Kitchen 1pm-8pm) (Closed Mondays)<br>Owners Role: Semi-absentee, about 10-12 hrs/week; managers willing to stay<br>Training: Negotiable comprehensive on-site training<br>Lease: $2,575/mo gross, expires Apr 2031 plus three 3-year options<br></p>
Market Competition and Expansion:
<p>This neighborhood tavern stands apart from local competition by combining full liquor service, a full-service kitchen, sports on televisions and strong late-night business under one roof. A recently refreshed appearance and menu, a cool bar, comfortable dining areas and a casual, energetic atmosphere keep an established neighborhood following coming back, while its downtown destination location continues drawing new guests.<br><br>An area favorite and lively gathering place for locals, it also attracts visitors looking for a small-town downtown experience. It is a popular stop for lunch, dinner, evenings out and weekend events. Highly rated and recommended, the business has a great reputation to build upon.<br><br>Significant upside remains. One partner devotes only limited weekly hours, presenting a tremendous opportunity for a hands-on owner-operator to increase profitability through more active involvement, tighter inventory controls, expanded marketing and additional community engagement. Stronger promotion of the gaming area and kitchen could further boost sales.<br></p>
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