Sports Bar & Liquor Store In Chicago For Sale

Business description

Near Cicero, Berwyn, & Chicago (In Cook County)
Sale includes: The Real Estate, 2 Businesses, all Equipment & all Fixtures.

Total Purchase Price/Real Estate & both Businesses = $2,620,000 plus inventory
Purchase Price/Real Estate only= $1,795,000
Purchase Price/Both Businesses = $825,000 plus inventory

This is two businesses in one. The building is divided into two spaces. On the left is the sports bar and on the right is the liquor store. Both businesses share the same liquor license. The sports bar has a 2AM tavern liquor license (3am on Saturday). The tavern license is a very desirable liquor license because it allows you to serve alcohol without serving food. The profit margins are much better on alcohol than food. You can serve food if you want but you are not required to do so.

The Liquor Store & Sports Bar opened for business on July 6th of this year. The owners had no experience in this type of business yet they have managed to do $875,821.91 in sales in the first 3 ½ months they opened! That’s an average of $8,109.46 in sales per day. This business in on track to do over $3,000,000 in the first year! July sales were $112,806.47 (They were only open 19 days in July) . August sales were $261,231.27. September sales were $245,846.21 (They were closed for 3 days in September). October sales were $244,995.21. Obviously, business will continue to increase as more and more people discover this brand new liquor store and sports bar in their neighborhood. Another important factor in the early success of this business is that it’s located on an extremely busy street with over 37,200 cars driving by each day. Also, most of the sales are cash, so credit card fees are minimal.

Both businesses share the same liquor license and inventory so they have to be sold together. With such a large inventory, you never have to worry about running out of product in the sports bar. There is no kitchen so you don’t have to worry about food or paying high priced cooks. There is a 16 camera surveillance system that can be viewed online once an offer has been accepted. They are licensed to and carry a small selection of cigarettes and tobacco products. They also have a lotto machine and sell lotto tickets. They do accept credit card payments but more of their sales are cash sales. The property is in an extremely high traffic area directly across from a very busy shopping center. The current owners completely remodeled the building and spent over $500,000 on the equipment, fixtures and build-out. The sales are verifiable.

This is a great opportunity to own one of the few businesses out there with increasing sales and at a very reasonable price.

Note: Pictures of the property can be emailed upon request.

The owner would consider selling the businesses only and renting the property to the buyer. The base rent would be $10,000 per month for both spaces. This is a triple net lease so the tenant will be responsible for the RE Taxes and maintenance.

Property information

Location:

Excellent! Prime! High Traffic!

Premises details:

Gross Building Area is +/-6,000 sq ft, RE Taxes = +/-$68,611.30/yr. RE includes 1 parking lot with approx 23 parking spaces. The property is +/- 14,569 sq ft

Size in square feet:

14,569

Other information

Expansion potential:

Excellent expansion potential.

Competition / Market:

Minimal competition as this two businesses in one and nothing else like it exists in the area.

Support & training:

Seller is willing to train as much as needed and discussed during purchase process.

Reasons for selling:

The current owners are real estate developers by nature. They are not accustomed to being small business owners. They want to stick with what they know are have decided to sell the businesses and property.

Trading hours:

10AM until 2 or 3AM.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner may discuss some financing with qualified & experienced buyer/operators.

Furniture / Fixtures value:

$110,000 (included in the asking price)

Inventory / Stock value:

$500,000