Bars, Pubs and TavernsIndianaLake

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Restaurant/Sports Bar with Property for Sale in Northwest Indiana
$1,645,000 Cash Flow: $195,928 Seller Financing
Restaurant/Sports Bar with Property for Sale in Northwest Indiana

Munster, IN

This is a full service restaurant & sports bar which specializes in home style cooking for breakfast, lunch & dinner and is also known for being a local hot spot with TV’s, pool tables, dart boards, a stage, a large bar with an outdoor beer garden. They have an enclosed private party/banquet room with space for approximately 100 people. Located in Northwest Suburbs of Indiana (Lake County) Sale includes: the Real Property, the Business, all Equipment & all Fixtures. Purchase Price / Business & Real Property = $1,645,000 plus inventory The current owners acquired the building & business about 6 years ago, after the business had already been operating about 7 years. It’s a full service restaurant/sports bar that specializes in home style cooking for breakfast, lunch & dinner. It’s also a sports bar, known for being a local hot spot with TV’s, pool tables, dart boards, a stage, a large bar & an outdoor beer garden. They have an enclosed private party/banquet room with space for approximately 100 people. They also sell Pull Tabs on premise. In 2017, their profits from Pull Tab sales were $28,925. Pull Tabs are gambling tickets where the object is to open the perforated windows on the back of the ticket & match the symbols inside the ticket to the winning combinations on the front of the ticket. They also made about $7,500 in 2017 from the gaming (pool Tables & dart boards, etc.). Total seats in the building are about 290, 120 in the bar area & about 170 in the restaurant. In addition to adding an outdoor, partially covered patio/beer garden in the back, the owners also had the parking lot resurfaced in 2017. One of the best attributes of Indiana is the low property taxes. For this nearly 1 acre property & 9,750 sq ft building, the RE taxes were only $16,034 in 2016 (payable in 2017). This is much cheaper than in Illinois. This business & property is located along the Illinois State line, in Lake County, Indiana, about 15 miles South of Lake Michigan & about 30 miles Southeast of downtown Chicago. The Northern Indiana Commuter Transportation District (NICTD), operator of the South Shore Line, announced in September 2017 that they have filed applications with the Federal Transit Administration (FTA) seeking project ratings for both the West Lake Corridor and South Shore Line’s Double Track projects. This infrastructure investment package totals over $977 million and represents the single largest investment in commuter rail in the South Shore’s history. The investment will enhance safety, bring more convenient, frequent and reliable service, and quicker travel times to and from Chicago and equally important, set the stage for major economic development around the stations. This project will help bring more people to the area more efficiently, which is good for the businesses in the area. The asking price for the Real Estate is $1,350,000. The asking price for the Business (not including inventory) is $295,000.00. The total purchase price for the Business & Real Estate is $1,645,000.00, not including inventory. The owners prefer to sell the Business & Real Estate together. The current owners have other businesses and have decided to sell one of them. They chose this business to sell because the area is growing & they feel this business is a good opportunity for a buyer. Neither owner has much involvement in the business. One of the owners has a full-time job with benefits & a pension & only visits the business once in a while. He doesn’t work there at all. The other owner works there part-time. Note: The owners will consider a small amount of financing for a well-qualified potential buyer.

Great Cash Flowing Neighborhood Sports Pub
$241,000 Cash Flow: $68,000
Great Cash Flowing Neighborhood Sports Pub

Lake County, IN

Local bar that has a strong community following, with potential expansion to the second floor.


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