Nice Sports Bar/Restaurant Opportunity.

Lake Barrington, IL (Lake County)

Seller Financing Available
Nice Sports Bar/Restaurant Opportunity.
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Asking Price: $149,600

Cash Flow: $39,000

Gross Revenue: $340,000

EBITDA: $45,000

FF&E: $125,000

Inventory: $10,000*

Rent: $4,356 /Month

Established: 2013

*not included in asking price.

Nice Sports Bar/Restaurant Opportunity.

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Business Description

Nice Sports Bar/Restaurant Opportunity.

This is a nice restaurant with a full bar with seating for 74 +- and a 1200 sq outside patio. this Restaurant/Bar has daily specials with great Pizza, Wings and Burgers. On fridays have a all you can eat fish fry that brings in allot of people. Their are plenty of TV's, Pool table, Darts & foos ball. They have a wide selection of craft beers on tap. This would be a great place to learn the business if you want to get into the BAR scene since the seller has been in the business for over 35 years and is finally ready to retire. This place is great for a owner operator that wants to take this to the next level.

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Detailed Information

Location:
Lake Barrington, IL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,600
Lease Expiration:
7/20/2025
Employees:
3 FT & 4 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a really nice clean bar that has a great menu, Pizza and more located in a strip center that is full of tenants and plenty of parking. there is a outside patio with tables, chairs and umbrellas. The restaurant and kitchen is approx 3,600 square feet. with the Rent, CAM & Taxes are only $4,356.00 a month. its a great location on a major road.
Competition:
Their is not much in the area of great food/clean place/great atmosphere/outside patio.
Growth & Expansion:
Like any business, put your own decor or spin how you want it to look. You could add pizza delivery!
Financing:
At the sellers option. pending buyers credit & Offer.
Support & Training:
The seller will train on all aspects of the business up to 80 hours or 2 weeks included in the sale.
Reason for Selling:
Retire, After 30+ years in the Bar/Restaurant biz.
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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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