Profitable Bar/Tavern- ONLY 25% down

Greenwood, IL (McHenry County)

Seller Financing Available
Profitable Bar/Tavern- ONLY 25% down
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Asking Price: $250,000

Cash Flow: $51,000

Gross Revenue: $251,000

EBITDA: $60,000

FF&E: $45,000

Inventory: $4,000*

Rent: $3,000 /Month

Established: 1951

*not included in asking price.

Profitable Bar/Tavern- ONLY 25% down

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Business Description

Profitable tavern- ONLY 25% down

This is a great well know Bar that serves no food to speak of, just snacks. The seller will finance up to 70% of the purchase to qualified buyers. The lease is 5 years and an option to extend another 5 years. the financing note would be at 6.5% over the term of the lease. The hours of operation are 10am till 1am daily and friday & saturday till 2am.
Great Opportunity to get into the bar biz.

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Detailed Information

Location:
Greenwood, IL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
6/1/2024
Employees:
4 FT & ! PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The bar is under 1200 sq ft and easily managed and operated. their is no food so you don't need cooks. This location has video gaming machines that do great.
Competition:
This has been a bar for over 50+ years
Financing:
25% down Min finance balance
Support & Training:
seller will train on all aspects of the business up to 40 hours or 1 week. Simple to operate
Reason for Selling:
Has another business and ready to move on. seller own's the building.
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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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