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Highly Profitable Pub & Restaurant
Location: United States -> Illinois -> Dupage County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This listing is for a highly profitable pub in the northwestern suburbs of Chicago that's available to a qualified buyer. This business offers a buyer a substantial yearly income of over $400,000. This is a fantastic business that the owner is very happy with, but needs to retire due to health. The pub is meticulously maintained in a 50's/60's motif and they offer live music, karaoke nights, open-mic nights, drinks specials and plenty more. It's a great and popular sports bar to see the local teams. There are also darts and billiards as well. They are capable of booking private parties in any area of the restaurant. The menu consists of American fare and local Chicago favorites like Polish sausage and Chicago pizza. The business also features poker machines which are a highly profitable entity for the business. The poker machines alone bring in around $140,000-$160,000. In addition to the significant owner benefit, approximately $965,000 in assets is to be transferred with the sale of the business. This includes the real estate which is valued at $750,000. It is located in the most historic building in the county and has been in continuous operation for over 173 years. The building has been completely remodeled inside and out and it also includes rental income from 3 apartments in the living quarters of the building ($1,000 each totaling $3,600 per month). This is a great opportunity for a buyer who's looking to get into a pub with an established base of customers and a very strong cash flow. If you would like more information about this terrific business opportunity, or if you would like to schedule a site visit, please contact the agent either by phone (770-886-5100) or by email. Asking Price: $1,333,000


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $857,767
Cash Flow:   $465,975
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $219,566
Seller Financing:  No

About The Business

Year Established:  2002
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner will train the buyer at no cost for 3 weeks
Reason For Selling:  Retirement




Print Listing Id: 700263515
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Illinois Businesses For Sale > Illinois Franchises For Sale > Illinois Business Brokers



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