Cabana On The Chain Johnsburg, IL - Property Included!

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Asking Price:
$1,300,000

Gross Revenue:
$1,000,000
Cash Flow:
$236,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Incredible opportunity to own your own lakeside bar and grill on the Chain of Lakes. Complete with large outdoor deck with additional exterior bar & seating overlooking the water, boat launch, 68 boat slips and 2 rental properties.

Warm & inviting interior features a full bar with 4 beers on tap, ample seating, tvs to watch sports, dart boards and stone fireplace. Beautiful wooden walls and vaulted ceilings with exposed trusses. Relaxed atmosphere.

Spacious exterior boasts a large wooden deck with another bar, ample outdoor seating, grassy area with picnic tables, playground and plenty of parking.

Fully-equipped kitchen with hood, 2 station POS system and much more. Serving tasty burgers, sandwiches, wraps and wings along with steaks, chicken and pasta. As well as starters, salads, soups, sides and more. Daily food and drink specials. Specialty bloody Mary and Mimosa bar on the weekends.

Revenue: Business Gross Sales = $1,000,000. Rental Income = $1,750/mth. Boat Slip Revenue = $25,000/yr. Boat Launch Revenue = $3-5,000/yr. 2018 Gaming Revenue (location's take) = $57,876.

Location: Premium retail space in a freestanding building perfectly situated on Pistakee Lake. A spot you can walk, bike, drive, jet ski, boat or snowmobile to. Convenient location on the river!

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not talk to any of the employees or patrons.

If interested, contact EatZ for more information. Showings by appointment only.

Listed By Tom Traina at EatZ & Associates/ Z Real Estate Group / American Realty Network Inc

About the Business

Location:
Johnsburg, Illinois
Year Established:
1989
Number of Employees:
15-30
Real Estate:
Owned
Building Sq. Ft.:
2,800
Facilities:
2.03 acres with 400 feet of water front, 68 boat slips, as well as 4 buildings - restaurant/bar, 2 rental properties and storage building. Real estate taxes $36,000/yr.

Square Feet: 2,800.

Seating: 15 Bar + 42 Inside + 40 Outside.

Days/Hrs of Operation: Daily 11a-2a.

Value of FF&E: Included In Asking Price.
Website:
cabanasonthechain.com
Market Outlook/
Competition:
Friendly down-home place to enjoy food, drinks, music, entertainment, all while taking in the gorgeous Chain of Lakes. Also the perfect place to hit the jackpot. Known for their great food, great times and great service.
Growth & Expansion:
Well established over 30 years! Local favorite all year round. Popular water front spot. Also awesome snowmobiling joint. Tons of regulars, locals as well as visitors. Boat & water craft in the summer months and snowmobile & snow sports in the winter months. Plus drinks, food, live music, games, gaming and moreā€¦has it all!
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About the Sale

Reason For Selling:
Relocating to Florida.
Training/Support:
Two weeks on-site comprehensive training.
Seller Financing:
No

Listing Info

ID:
1596037
Ad Detail Views:
0

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Business Listed by

Tom Traina

EatZ & Associates
License# 475175390

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