Authentic Old Time Chicago Saloon-est 1941

Chicago, IL (Cook County)

Authentic Old Time Chicago Saloon-est 1941

Asking Price:$399,000

Cash Flow:N/A

Gross Revenue:N/A




Real Estate:$410,000


Authentic Old Time Chicago Saloon-est 1941

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Business Description

Turn Key Business and Property for less than appraised value!

Expect a very nice ROI. N/W Chicago. Located near Cumberland and Addison. Take over an established business with a 75yr. run of satisfying thirsts. Very loyal clientele. The Grandfathered Tavern License Transfers with the business! "S" Corporation! Located next door to a Funeral Home is a big plus. Loyal clientele, four flat screen T.V.s and a private party room in back that rents out on a regular basis. Bowling Game generates substantial income along with the internet ready Juke Box. No hassle's dealing with a landlord anymore because you will own your own place!
We do not use credit cards here, its a cash business and all customers who run short can use the ATM on site. We share in the profits from that too! No bounced checks to deal with and no outrageous credit card fees. No minimum purchase orders like when a credit card is used. Customers love that!
The current owner has had the place for 27yrs. and is only selling due to a relocation to Texas. A new owner can't go wrong, even an inexperienced one will see how lucrative and easy to run this place is. The current owner has operated this place basically absentee for all 27yrs. One hour in the morning prior to opening is all we spend there, and that is for financial and inventory/ordering purposes. Nothing else needs to be done unless you decide you want to bartend and make even bigger profits! The property alone appraised a $410,000.

Detailed Information

Included in asking price
Real Estate:
Included in asking price
Building Sq. Ft.:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
All masonry building sitting on a slab. Approx. 3100 sq. ft. New roof three yrs ago at a cost of $26,000.00. Completely torn off and redone from scratch!.Furnace,A/C and water heater approx, 6yrs, old. RE Taxes are under 12,000. per yr.
None- with plenty of Free street parking. The owner of the Funeral Home also lets us use his lot when there are no services being held. Its usually ours six days a week.
Growth & Expansion:
Only Bar on Addison Street for One and a Half Miles!
Support & Training:
On a limited basis.
Reason for Selling:
Owner Retiring to Texas.

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Business Listed By:
Frank Goff

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