Business To Buy

Bar and Nightclub for Sale in Northern IL

Northern Illinois, Illinois
This bar/nightclub has been well known to most of us since it opened almost two decades ago. If you know of anybody who attended college in or around this community, they know of this bar/club. This is "the place to go" in this college heavy community if you want to have fun and experieince a variety of social activties. A mostly absentee owner offers a unique opportunity to own an existing and versatile daytime bar that transforms into the primary nightclub at night.

This is a huge space with approximately 8000 square feet inside that hosts live entertainment and is the known party spot with a beer garden for outdoor table seating or for game competition as well as its own outdoor sit-down bar. This bar is a buzz with frequent live entertainment primarily from top local bands or Dj's, but also lots of other private or special events. Top hangout for college students, recent grads, as well as locals wanting to party. Meeting place for patrons cheering on their favorite local or other college football team. There are unique attributes to this particular business that make it what it is including the location and proximity to large numbers of the customer base. The majority of area customers can walk to this location or easily be transported there. This is a greater Chicago suburban location.

The owner has implemented a number of business strategies over the years for attracting the crowds, but because the current owner also runs multiple other businesses he/she does not have time to focus attention on this one business. Currently paying a manager to run most aspects of this business the vast majority of the time. This managers salary could be going to the new owner if he/she is the daily operator. Opening earlier for lunch and making full use of the kitchen would help generate a whole new crop of customers for daytime/evening traffic. Very versatile space with lots of bar seating and room for many tables as well as having a huge dance floor, stage, Dj booth, VIP area, multiple bathrooms, kitchen, and huge outdoor beer garden/patio/social event area. Plenty of parking on site and also some courtesy in-house transportation options do currently exist.

This is the primary evening Sports Bar/night time live entertainment Nightclub type business in the area and could also be marketed as the primary afternoon/early evening Pub Style eatery within the entire county as well as all surrounding counties. Very profitable late night clientele especially when school is in session and even more so for an owner operator. All assets are included and many perks exist within this physical space inside and out.

Sale includes: All Business Assets such as the Business Entity, all Furniture/Fixtures/Equipment, all Cash Flow

Key Attributes:

- Stand alone building

- Multi access on-site parking lot

- 8000 square foot interior space (approx)

- Large outdoor beer garden with covered bar

- Full equiped kitchen

- Multiple bathrooms

- Full modern office with private entrance

- Full secure liquor room

- On-site storage

- Unique & private VIP area

- Large live-entertainment stage

- Equiped DJ booth

- Very extensive & continuous bar top/seating

- Large pub table seating area

- Billiards tables

etc...

Financials

Price: $125,000
Gross Income: $870,000
Cash Flow: $27,000
FFE: $100,000
Inventory: $6,000
Real Estate Value: $0

About the Business

Office Reference ID: #12M1A
Year Established: 1995
Financing:
Training: Seller is happy to privide training.
Facilities: Current rent is approximately $8000 per month + RE Taxes and may be negotiable.
Competition:
Growth: This is the place to be in this 20's and 30's orienetd area.
Business Listed By
Name: Dennis Hansmann
Company: American Business Acquisitions
Phone: 312-360-1955

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