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Highly Profitable Bar / Restaurant For Sale
Location Illinois,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1225257
Net Profit / Cash Flow $192998
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1980
Number of Employees 35 - 49
Inventory $336632
Relocatable No
Number of Employees 35 - 49
Real Estate Owned
Training Owner will train the buyer at no cost for 4 weeks
Reason for Sale Personal reasons
Description This listing is for a long-established south side sports bar in Lansing, Illinois that is available to a qualified buyer. This restaurant and bar is a highly profitable business that makes the buyer approximately $200,000 a year. The menu specializes in simple food like burgers, sandwiches and pizza and offers a wide array of daily drink and food specials. The business features live music, karaoke nights and DJ to keep the crowds dancing until the late hours of the evening/morning. This business is extremely popular and a fixture in the local community with terrific word of mouth and a very large base of loyal customers. The restaurant also features a beer garden with outdoor seating. The building features 3,600 sq ft downstairs that houses the restaurant and bar space and 2,400 sq ft upstairs which includes the office and a 2BR/1 Bath apartment that is currently being used as storage. It also features five revenue generating poker machines. This real estate is included in the asking price and it is valued at $475,000. This business is a fantastic opportunity for a buyer to come in and begin making a sizable profit immediately. A new owner could also apply for a strip club license if they were so inclined. If you would like more information about this business opportunity, or if you would like to schedule a site visit, please contact the agent either by phone (770-886-5100) or by email. Asking Price: $899,000
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