Local Bar - Neighborhood Favorite
Location:
United States
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Illinois
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Lake County
Industry: Bars and Nightclubs > Bars and Pubs
Business Summary
Established neighborhood bar that has been in business for over 50 years. The bar has a good clientele base on a busy corner location. This is a very active bar with over 350 people in & out weekly. The bar is about 3,000 sq ft. The bar has been pre-approved for the new Illinois Video Gaming machines with very high profit forecast. These legal gambling machines are on their way and could quite easily increase profits 100% or more!
Located at busy intersection on major Lake County Roads. 3,000 Sq Ft Bar includes stage, dance floor, Large capacity ensures plenty of room for Bears Games and bands. Two parking lots provide plenty of off street parking. The asking price for the business is $149,000. Email or call Nick Provenzano at 815-355-8540 for more information.
Financials
Asking Price Range: < $250K
Gross Revenues:
$117,000
Cash Flow:
$50,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $52,000
Seller Financing: Yes
About The Business
Year Established: 1995
Number of Employees: 4 - 5
Relocatable: No
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Owner will provide training and support.
Reason For Selling: Pursuing other business interests.
Click on the "I'm Interested" button above for more information on this Bars and Nightclubs > Bars and Pubs business for sale.
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Print Listing Id: 700114586
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