Iconic University Bar, PKs, for Sale!

Carbondale, IL (Jackson County)

The Original Pizza Kings (PKs)
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Asking Price: $425,000

Cash Flow: N/A

Gross Revenue: $512,271

EBITDA: N/A

FF&E: $31,500

Inventory: $25,000

Real Estate: $267,000

Established: 1953

Iconic University Bar, PKs, for Sale!

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Business Description

After nearly 65 years of being operated by one family, the time has come to find someone new to lead PK’s into the future. As of Monday, July 1st, 2019, PK’s will officially be for sale for the first time in history.
As many of you know, we lost our beloved matriarch, Gwen Hunt, in June of 2018. Since that day, her family and the PK’s staff have divided up duties to not only to keep PK’s alive, but to allow it to continue to thrive. Now that the dust has settled, the time has come to pass the reigns to a new person or family. While Gwen's daughters appreciate and remember their mother’s legacy and passion, they have all had successful careers of their own and are ready for retirement. Our long time manager, Curtis, has decided to pursue his dreams and will be moving overseas in January. The staff is experienced, loyal, and their love for PK’s drives them to look forward to helping establish a new legacy. PK’s continues to be a successful establishment and is set up for a new owner’s continued success.

Detailed Information

Location:
Carbondale, IL
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
The buyer would be purchasing one of the longest surviving and thriving businesses in the history of Carbondale. You have a built in clientele that is as loyal as they come and a staff that will have your back and fight for you. This is truly a one of a kind opportunity to own a piece of Carbondale history.
Growth & Expansion:
The Hilton Home to Suites opened next door in 2018 and has been a huge asset to PK’s. New clientele from all places and backgrounds enter the bar for breakfast, lunch, drinks, and entertainment. Many of you will remember Gwen putting around her kitchen, churning out lunch Monday through Friday and breakfast on Saturdays. Lisa Pangburn (Mama Pang) has been central to filling that void and has taken the PK’s kitchen to incredible heights since last September. One of the unique features of PK’s is that we are open day and night, and she has been key to continuing that tradition. The addition of video gaming to our already strong amusement sector has provided new revenue that allows us to keep prices down and a cover off the door. We have longtime provided amusement consisting of pool tables, a jukebox, and foosball and hope to add a sixth video gaming machine in the near future. The city has plans for a new transit center directly across the street that will house the Amtrak, 3 bus lines, offices, cafes, and a 2 story parking garage. The Varsity Center for the Arts has been increasingly adding events just a couple doors down that have been very beneficial to the downtown businesses. Last and certainly not least, you would be purchasing one of the longest surviving and thriving businesses in the history of Carbondale. You have a built in clientele that is as loyal as they come and a staff that will have your back and fight for you. This is truly a one of a kind opportunity to own a piece of Carbondale history.
Financing:
Business must be sold to close an estate.
Support & Training:
Current, long-time manager, will stay through December 2019, to transition operations to new owners.
Reason for Selling:
The owner passed away and the estate needs to be closed.
Business Website:
http://www.facebook.com/pkscarbondale/
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Robyn Russell

Business Listed By:
Robyn Russell

Russell Business & Financial

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