Legendary Chicago Nightclub & Bar w/Real Estate ~ Huge Value & Upside!
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Make this building your own with 6000 sq ft of main floor space to create your own business or purchase the building and keep the business as it is (Currently operating as a night club on one side and a pub bar on the other side). There is a PPA license, liquor license and business name included with all FF&E ~ (Over $250,000 in sound system equipment, furniture, bar equipment, the list goes on) pluse there is a (3) bedroom with over 2000 sq ft apartment on the 2nd floor for extra potential income. The real estate appraised out apx. 5 years ago for just about over 2 mill and seller is asking 1.4 mill for it all. This is a rare chance to own a piece of Chicago's night-life history or start something of your own. Owned & operated for 33 years and the current owner in now semi-retired and has scaled back operations to just 3 nights a week and is ready to turn over his hat to the next savvy business owner or invest and rent out both the main business area and the 2nd floor apartment. Zoned B3-1 ~ With high visibility and an estimated 30,000 to 50,000 vehicles that pass by per day (IDOT), this is a great location for a Southwest side of Chicago bar/nightclub/restaurant to continue on. (This could make a fantastic banquet hall as well with all the space and (3) separate rooms
About the Business
- Years in Operation
- 33
- Currently Home Based
- Yes
- Facilities & Assets
- Included all equipment, furniture in club/bar, state of the art recently purchased "Dass" sound system that was recently purchased at apx. $10,000; smart lighting system, video monitoring & concert speakers, pool table, (5) TVs, tables, chairs, lighting, lounge booths, walk-in-cooler with a brand-new compressor & coil fan, (2) AC units (1) is new and (1) has new major parts. The roof was a complete tear off 3 years ago ~ An inventory list will be provided once received from owner. There is also a huge basement for extra storage with a "Dumbwaiter"
- Market Outlook / Competition
- This go-to-destination and popularity among the area = more clubs = more visitors = more potential customers
- Opportunities for Growth
- The once iconic nightclub operated 7 days a week drawing in crowds, top tier music and loyal clientele ~ In recent years, the owners decision to retire, operations have scaled down and is currently operating 19 hrs a week; Wed & Friday from 8 p.m. to 2 a.m. & Sat from 8 p.m. till 3 a.m. ~ re-introduce weekday operations tapping into "Happy hour crowds, live music, commedy shows, corporate parties, fashion shows, birthday parties, add food bites and push marketing to reach new demographics ~ the next chapter can now be yours
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 8,000
About the Sale
- Seller Motivation
- Retiring after 33 years of owning the business
- Transition Support
- Owner can provide (1) month of training (Compensation negotiable)
- Financing Options
- Owner will consider partial owner financing
Listing Info
- ID
- 2424393
- Listing Views
- 829
Attached DocumentsAttachment Disclaimer
Listing ID: 2424393 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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