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Pizzeria, Bar, Venue, & Legal Indoor Smoking Room In West Chicago For Sale

Chicago, Illinois, US
Asking Price:
$100K - $250K (USD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

This business has been a pizzeria Mediterranean restaurant venue that has hosted over a thousand shows over the last 14 years. Superbly located at the high volume intersection it started off as a hookah bar. Initial bar is still attached to this and operates as the ONLY indoor smoking lounge in Illinois. It is attached to the bar and venue due to being grandfathered in prior to the indoor smoking law of 2008 and special arrangements with the health department. The total space of the property is about 6,300 sq ft and features a full kitchen, pick up food counter, advanced stage/sound system, and full bar. There is seating for 170 and standing room for 280 people (not including the smoke room). This location has the potential of maintaining and expanding our customer base by updating the concept or overhauling it completely to a more advantageous concept to meet the needs of the community that has a median household income range of $80,000 - $110,000.

Property Information

Real Estate:

Lease

Lease Terms:

3 years terms with 3 options to renew, but the landlord has been very committed since the beginning.

Leasehold Rent:

$7,000 (USD) per annum

Location:

High volume intersection

Premises Details:

End Cap of a strip mall with a patio

Size in square feet:
6,300

Business Operation

Expansion Potential:

Italian Pizzeria with cigar bar, Sports Bar, Venue

Competition / Market:

Brauer House, Dominoes, Rosati's, Popeye's, Hawthorne's Background

Reasons for selling:

Family owners are planning on moving out of state.

Trading hours:

3pm - 1:30am | Monday - Thursday
3pm - 2:30am | Friday - Saturday
3pm - Midnight | Sunday

Employees:
5-10
Years established:
2005

Other Information

Support & training:

The owner's would provide a year of support

Furniture / Fixtures value:
$70,000 (USD)
Inventory / Stock value:
$10,000 (USD)

Contact Information

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