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Incredible bar, event, and Gaming space
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ESTABLISHED BAR, EVENT & GAMING VENUE - COOK COUNTY
This profitable entertainment venue presents an exceptional opportunity for hands-on ownership in Cook County's thriving hospitality market. Established in 2022, this 2,000 sq ft establishment generates $420,000 in annual revenue with $90,000 in seller's discretionary earnings, demonstrating strong financial performance in its early operating years.
BUSINESS OVERVIEW:
Currently operated as an absentee-owned business with limited hours, creating significant upside potential for a dedicated owner-operator. The venue combines bar service, event hosting, and gaming operations in a flexible space that can accommodate various business activities.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $420,000
• Cash Flow: $90,000
• Inventory Value: $7,000
• Monthly Lease: $3,250 (expires July 2028)
• Strong profit margins with room for improvement
KEY ADVANTAGES:
• Easy-to-operate business model
• Flexible 2,000 sq ft space for multiple revenue streams
• Limited competition with similar space and flexibility
• Gaming potential in area with successful surrounding gaming businesses
• Established customer base and revenue history
• Seller financing available to qualified buyers
GROWTH OPPORTUNITIES:
The current hands-off management approach leaves substantial room for revenue and profit growth through active ownership. Enhanced gaming operations, expanded hours, and improved business monitoring could significantly increase profitability. The venue's flexibility allows for hosting various events and activities to maximize revenue potential.
The seller, who maintains full-time employment elsewhere, will provide one month of transition assistance. This turnkey operation offers an ideal entry point into the entertainment industry with proven cash flow and multiple expansion opportunities.
Asking Price: $199,000 with seller financing options available.
This profitable entertainment venue presents an exceptional opportunity for hands-on ownership in Cook County's thriving hospitality market. Established in 2022, this 2,000 sq ft establishment generates $420,000 in annual revenue with $90,000 in seller's discretionary earnings, demonstrating strong financial performance in its early operating years.
BUSINESS OVERVIEW:
Currently operated as an absentee-owned business with limited hours, creating significant upside potential for a dedicated owner-operator. The venue combines bar service, event hosting, and gaming operations in a flexible space that can accommodate various business activities.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $420,000
• Cash Flow: $90,000
• Inventory Value: $7,000
• Monthly Lease: $3,250 (expires July 2028)
• Strong profit margins with room for improvement
KEY ADVANTAGES:
• Easy-to-operate business model
• Flexible 2,000 sq ft space for multiple revenue streams
• Limited competition with similar space and flexibility
• Gaming potential in area with successful surrounding gaming businesses
• Established customer base and revenue history
• Seller financing available to qualified buyers
GROWTH OPPORTUNITIES:
The current hands-off management approach leaves substantial room for revenue and profit growth through active ownership. Enhanced gaming operations, expanded hours, and improved business monitoring could significantly increase profitability. The venue's flexibility allows for hosting various events and activities to maximize revenue potential.
The seller, who maintains full-time employment elsewhere, will provide one month of transition assistance. This turnkey operation offers an ideal entry point into the entertainment industry with proven cash flow and multiple expansion opportunities.
Asking Price: $199,000 with seller financing options available.
About the Business
- Years in Operation
- 4
- Employees
- 8 (6 Part-time, 2 Contractors)
Contractors are security for busiest nights - Facilities & Assets
- Beautifully designed and well kept bar with room for 75+. Additional spaces including gaming area and another nearly 400 sq foot room for Additional party space, food vendors or small gatherings.
Plenty of liquor storage space as well as an office and full basement.
2 bathrooms. 2 POS stations. 2 bar gun stations.
Building also available thru separate sale or as a package. Inquire for details. - Market Outlook / Competition
- A number of local bars exist but none in the area with this space and flexibility to do different business all the time.
- Opportunities for Growth
- Current management is mostly hands off leaving room for growth in business and profit thru monitoring ot the business. Also gaming in surrounding businesses do well and could be better at this location.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,000
- Rent
- $3,250.00 per month
- Lease Expiration
- 7/1/2028
About the Sale
- Seller Motivation
- Primarily absentee owned. Owner has full time job.
- Transition Support
- 1 month assistance in transistion
- Financing Options
- Possible financing available with down-payment to a qualified buyer
Listing Info
- ID
- 2526625
- Listing Views
- 187
Listing ID: 2526625 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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