Profitable Bar - only 25% Down Opportunity

Greenwood, IL (McHenry County)

Seller Financing Available
Profitable Bar - only 25% Down Opportunity
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Asking Price: $395,000

Cash Flow: $56,000

Gross Revenue: $412,000

EBITDA: $60,000

FF&E: $70,000

Inventory: $5,000*

Rent: $3,700 /Month

Established: 1942

*not included in asking price.

Profitable Bar - only 25% Down Opportunity

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Business Description

Profitable Bar - only 25% Down Opportunity

This is a great opportunity to get into the bar business with low money down. this bar has slot machines and brings in extra money to the bottom line. this place has a VERY LIMITED food menu so no cooks or kitchen help is needed so its easily managed. The video gaming bought in $70,000.00 in 2018. Very cool bar and decor with tv's kept VERY clean.

Attached Documents


Detailed Information

Location:
Greenwood, IL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
5/1/2029
Employees:
5FT & 4PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a great well known bar in a great location and has about 2400 +- square feet of space. the rent is only $3700.00 a month which includes the rent & taxes. the current owner has operated for the past 6 years own's the building and wants to just be a landlord. The hours of operation currently 7 days a week from 6AM till midnight and fri and sat till 2AM.
Competition:
Their is allot of other restaurants and taverns in the area & this has been a bar for over 60+ years.
Financing:
25% down/6.5% /10yrs
Support & Training:
seller will train on all aspects of the business up to 60 hours. simple operation.
Reason for Selling:
Seller has another business and wants to reduce work load.
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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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