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#Business ID: 12927

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Bar/Restaurant

Business Location: Suburbs, Chicago, Illinois, United States

Asking Price: $ 2,395,000 Revenue: $ 1,950,000 Cash Flow: $ 435,000

[Furniture / Fixtures included]
[Real Estate Included]

Business Summary

This bar/restaurant is a full-service bar & restaurant located in
the heart of a downtown area in the West/Northwest suburbs
of Chicago. It consists of 2 floors plus a basement, a full-
service bar on each floor, a stage for bands and live music,
an outdoor patio, an excellent reputation and menu.

It's located on a major, high traffic street with more than
36,000 cars driving by the front door each day. This business
has a very strong reputation in the area and has been in
business for more than 13 years. When you see this place in
person, you'll see that the owners did a fantastic job on the
build out. You really have to see this place in person. The
pictures do not properly convey how beautiful this place
really is.

The current owners of the business also own the property.
The asking price for the property is $1,600,000.
The asking price for the business is $795,000 plus inventory.

The current owners have no involvement in the day to day
operations. They are running it absentee & have managers in
place to run the business in their absence. They prefer to sell
the business to someone who has the time to manage the
business. Some people dream of building the local hot spot.
Others prefer to let somebody else deal with the headaches
of building & opening a business and acquiring it after all the
hard work and headaches are over. Now's your chance to
acquire a very successful business that has the potential to
do even better.

Property Details

Size:

Full Basement Building Size: 4,187 Sq.Ft.

Years Established:

1999

Property Type:

Real

FF&E:

$ 275,000

Inventory Value:

$ 60,000

Real Estate Value:

$ 1,600,000

Other Business Details

Premise Details:

Lot Size: 2,291 Sq.Ft. Building Construction: Brick Number of Stories: 2 Plus Full Basement Building Size: 4,187 Sq.Ft. (Including Kitchen) Parking: Street/Parking Garage RE Taxes: $13,000.00/year Seating Capacity: 1st Floor Capacity: 80 2nd Floor Capactiy: 69 Seating/1st Floor: 50 Plus 12 at Bar Seating/2nd Floor: 40 Plus 10 at Bar Seating/1st Floor Patio: 24 Seating 2nd Floor Patio: 26 Square Footage:(approximate) Basement (Kitchen): 1,373 1st Floor: 1,725 2nd Floor: 1,089 Total Area: 4,187 (Excluding Patios).

Competition:

This business is in a prime location with great visibility & high traffic counts.

Business Operation Details

Employees:

42

Trading Hours:

Monday Thursday: 11:30 AM 1:00 AM Friday Saturday: 11:30 AM 2:00 AM Sunday: 12:00 PM 1:00 AM.

Support & Training:

The owner will consider some training for a qualified buyer.

Miscellaneous Details

Financing Available:

Yes
The seller will considering some financing for a qualified buyer.

Reason For Selling:

Absentee Owner, wants to sell to someone with time to manage.

Contact this seller

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