Bar/Gaming Cafe Opportunity

South Elgin, IL (Kane County)

Seller Financing Available
Bar/Gaming Cafe Opportunity
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Asking Price: $165,000

Cash Flow: $56,000

Gross Revenue: $180,000

EBITDA: $60,000

FF&E: $75,000

Inventory: $3,000*

Rent: $3,194 /Month

Established: 2016

*not included in asking price.

Bar/Gaming Cafe Opportunity

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Business Description

Bar/Gaming Cafe Opportunity

This is great place to own and operate a small business. The business has been in business for over 3 years and has a great following and customers. The food is made with fresh ingredients and has great reviews. The location is in a busy strip center area and large retail stores and restaurants in immediate area.

NEW updated changes to gaming cafe's. now 6 machines vs 5 and double the bet amount which will generate allot more income for 2020.

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Detailed Information

Location:
South Elgin, IL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
4/15/2021
Employees:
2 FT & Owner
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a great opportunity to get into a business with few employees and easily managed. This is a 1500 square foot video gaming cafe that has a full menu of burgers and beers on tap. The rent is only $3,194.00 per month including rent, cam & taxes.
Competition:
There is only a few gaming cafes in the area. The new rules just passed allows to add 1 more machine from 5 to 6 and doubles the bet amount.
Financing:
At the sellers option pending offer.
Support & Training:
Seller will train on all aspects of the business for you to 40 Hours.
Reason for Selling:
Change of career
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Contact the Seller

(from currently available funds)
 
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Mr. Tracy A. Burnidge

Business Listed By:
Mr. Tracy A Burnidge

Turnkey Business Brokers, Inc.

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