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Greatest Bar Ever

Chicago, IL (Cook County)

Greatest Bar Ever
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Asking Price: $350,000

Cash Flow: $150,000

Gross Revenue: $700,000

EBITDA: $225,000

FF&E: $140,000

Inventory: $20,000

Rent: $5,600 /Month

Established: 2005

Greatest Bar Ever

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Business Description

TAVERN License

2-3AM Tavern license!!! Clean!
Restaurant license
15 years operating and still going
Established. 100,000 people find us online each month
A Chicago staple.
True niche dive lounge in the famous Old Town area.
Enchanting entrance
"Old Town's Hidden Gem"
Live Music Stage. With equipment + instruments
Incredible acoustics
Brand New DJ booth. All equipment included
Previously known as "U.S. Blues" Aka "The sneak Joint" (Owned by the famous Belushi brothers)
Sidewalk Cafe/Patio

Attached Documents


Detailed Information

Location:
Chicago, IL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2 full bars: 4 guns, 4 ice bins, walk in cooler, 2 bottle coolers, 3 compartment sinks = 2, 2 cocktail glass drain board, Micros POS 4 units, brand new dj booth, stage/equipment/instruments. 2000 Square ft bar 600 Square ft office Sidewalk cafe/Patio 2 Fender squire guitars 1 Strauss violin 2 Amps 1 Equalizer 2 mixers HDMI 4x4 matrix 4 New UHD Samsung Tv's 8 ton hvac 2 Smoke eaters :) 3 Shure microphones
Competition:
Located in the hottest neighborhood in Chicago for bars and restaurants. 2nd City Theater, Zanies Comedy club, A Red Orchid Theater The Fireplace Inn, Topo Gigio, Happy Camper, The Vig, Orso's, Kamahachi, Broken English, Pour House, Benchmark, LG's, Jenni's Ice cream, Bombo bar, The Fudge Pot, Burton Place, Declan's Pub, Woodies, The Fudge pot, Updown Tobacco, Insomnia cookies, Cafe Sushi, le pain quotidien, Starbucks, McDonalds.
Growth & Expansion:
Unlimited growth. Additional floor space available upstairs. Old Town Art Fair (2 days) Wells Street Fest (2 days, 200000 people) Chicago Marathon Wine Crush fest St. Patrick's Day New Years Eve Great holiday party space Hypnotizing atmosphere Private Mystique
Support & Training:
Optional
Reason for Selling:
Retiring
Business Website:
http://www.suite-lounge.com
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Business Listed By:
Sean Olooney

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