Business For Sale Listing 148569
Sports Bar for Sale in Chicago, West Suburbs
Status as of Nov-19-2008 at 06:00 PM: Off The Market
Business Summary
This sports bar has been a very successful business for over 18 years and is the main destination in this community for sports fans and casual diners alike. The popularity of this sports bar over the past 2 decades has reached almost epic proportions at times. The property itself is approximately 60,000 square feet so plenty of room for parking. The building is almost 8000 square feet, which allows for seating of at least 200 people. The large bar room adjoins an arcade style gaming area that also has access to an outdoor patio/deck. On the opposite side of the bar is a raised seating area, which overlooks the main gaming or dance floor. A raised seating area also surrounds the opposite sides of the main floor space and is bordered by huge windows that overlook the exterior of the building and surrounding property. The kitchen itself is grand in size and could definitely be used for catering large parties or weddings. This building also has a large basement for all kinds of storage as well as additional walk in coolers and freezers. Located on a major route in west suburban Chicago, this bar/restaurant has 46,500 cars that pass by it daily according to the State of Illinois traffic counts. This area is very near major shopping districts that bring people from all over the Chicago metro area in addition to being located in the center of a thriving residential and corporate/business community. This is an excellent opportunity for a new owner/operator to come in and kick it up a few notches with fresh energy. By using this space to its fullest potential, an owner/operator could increase sales quite substantially. The current owner has owned many bar/restaurant operations and is nearing the retirement phase of life. The current owner is only semi-active in business operations now and is happy to meet by appointment and discuss all details of his business and discuss a mutually beneficial purchase arrangement.
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Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million (1,415,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (232,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $2.5 Million and $5 Million (2,700,000) |
