Billiard Hall For Sale In Chicago

Business description

Well known billiard hall for sale in Chicago, established in the 1980 s. Located in a the very busy neighborhood in the Chicago area. The Illinois Department of Transportation reports that there are over 27,600 cars driving by the front door each day. It is also near a lot of foot traffic that is due to college students. There are well over a dozen billiard tables and snooker tables as well as video games. The business has a retail food establishment license and a public place of amusement license. This is a BYOB establishment that allows the over 21 customers can bring in their own liquor, beer or wine to drink while they play pool. The most important highlight of this business is that it is owned by an absentee owner. The owner has a manager who runs the day to day operations. You ll never run out of storage space with the approximately 3,000 sq.ft. basement. There are 8 cameras throughout the pool hall that can be viewed online via a secure website. Currently, the pool hall is a smoke free environment because they serve food. In January of 2008 a state wide smoking ban went into effect. The new smoking ban has not had any impact on the pool hall because it has been non-smoking for a long time. This business generates over $130,000.00 in cash flow without doing any advertising. Imagine what it will do if you start advertising.

Property information

Real Estate:

Real Property Included

Lease terms:

Occupancy is approx 300 +/-, Lease Term is 5 years w/(2) 5-year options, Base Rent; R.E. Taxes, C.A.M. is $5,000/Mo for 1st 24 months & Increases 2% Annually after year 3, Store Size is approx 5,843 Sq.Ft.+/- plus full basement, Maintenance Fees is included in rent, Plenty of street parking.

Location:

High traffic in high population neighborhood.

Other information

Expansion potential:

Unlimited growth with no competition near by and no advertising is currently being done. This business has been around a long time and is very-very well known just by word of mouth so advertising clould make a huge growth impact.

Competition / Market:

Unlimited growth with no competition near by and no advertising is currently being done. This business has been around a long time and is very-very well known just by word of mouth so advertising clould make a huge growth impact.

Support & training:

As much as needed and discussed during purchase process.

Reasons for selling:

Owner has many other businesses to manage and is never there.

Financing available:

Seller may consider some financing.

Furniture / Fixtures value:

$105,000

Inventory / Stock value:

$6,000 (included in the asking price)