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BUSINESS FOR SALE - PROFILE #  40730428

Pub with Special Event Room, 2 patios, and Gaming
SW Suburb Chicago

Asking Price: $230,000   Down Payment: $230,000  
Gross Revenue: $799,741   Adj. Cash Flow*:  
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Executive Summary
Opportunity to own an iconic business in the heart of a historic SW Chicago suburb, only about 25 from downtown Chicago. Business serves an impressive selection of beverages plus is known for its food offerings, including an all day breakfast. The facility consists of the main upstairs area plus a basement for special events which is popular with local organizations. The basement has a separate standalone bar and bathrooms. Plus there are two patio areas – one on the side of the building plus another in front. Gross sales number is for 2016 and includes about $7,000 per month on average of gaming revenue. The current chef came from a well regarded franchise operation. The burger on the menu was named as one of “Chicago best” by a local media outlet. Also, on weekends, they have live entertainment with no cover. Current owner works a full time job and is getting ready for retirement.

Acquisition Highlights

  • 11 AM - 1 AM Fri/Sat 11AM - 12 AM Mon - Thur 2 Managers F/T 2 Cooks F/T 3 Servers 4 bartenders
  • Sales for 2016 (net of tax and tips) is 587351. Gaming income averages about $7000/month.
  • Inventory for continued operations is included in the sales price.
  • Located in the historic district of downtown Lemont.
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2009 Inventory: $10,000 Included
Furniture, Fixtures & Equipment:
Lease/Rent: $8,748 Real Estate:
    Total Assets Included in Sale: $10,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Dan Eitel
Phone:  (630) 705-3055
Fax:  (630) 491-1592
Other:  (630) 286-9120
E-mail:  deitel@midwestvr.com
VR Business Brokers - Oak Brook, IL
2021 Midwest Road
Suite 200
Oak Brook, IL 60523
www.midwestvr.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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