Business Overview

A popular local neighborhood Irish-American sports bar.

Featuring a full bar with 4 draft handles and 20 bar stools along with high top tables with an additional 15 seats. Also, large screens tvs and projection tv to watch all the games, ATM, juke box, Golden Tee game, pool table and steel dart boards – hosts dart board leagues!

Also, a fully equipped kitchen (currently not in use) includes 9ft hood, single-deck pizza oven, 4-burner stove w/oven, 3ft char grill, 2 deep fryers, 2-door sandwich unit, mixer, coolers, freezers, 2 walk-in coolers, ice machine and more. Plus, a POS system and security system.

Warm and welcoming casual interior. Newly exposed ceilings, inviting fireplace and smooth concrete floors.

Recently remodeled which included new equipment, new bathrooms, new plumbing, new walk-in cooler outside, new AC unit, new roof and more. Plus, outdoor patio!

Well established for over 19 years! Absentee owned, current owner also owns the building.

Asking price includes all furniture, fixtures & equipment, name and hard to get tavern license (not required to serve food!).

Location: Prime retail space in a freestanding building with parking for 16 on a major east-west corridor lined with many businesses and surrounded by many homes. Plus, over 30,000 vehicles a day!

Perfectly situated in a nice northwest side neighborhood of Chicago!

Feel free to stop by the location as a customer first. This is a highly confidential 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

Financial

  • Asking Price: $99,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $10,000
  • Inventory Included: N/A
  • Established: 2003

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:2,476
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Leased space $4,500/mth gross (includes RET). Seller/landlord will give a new 5-year lease with options. Square Feet: 2,476. Seating: 35 (20 Bar Stools + 15 High Top Seats + Outside). Days/Hrs of Operation: Open Daily 12n-1a. Owners Role: Absentee owner. Value of FF&E: Included In Asking Price (Valued at $75,000).

Is Support & Training Included:

Three days on-site comprehensive training.

Purpose For Selling:

Other interests.

Pros and Cons:

A genuine Irish Chicago bar. Excellent beer and liquor selection. Offering the finest selection of microbrews and imports, as well as the finest selections of hard-to-find whiskeys in the area. The best and most popular selections available! Comfortable relaxed atmosphere. Wonderful bartenders. Perfect place to hang out with family and friends or to celebrate a special event. Something for everyone. Also sponsors a variety of sports leagues: golf, bowling, pool and darts. Track record of hosting the top players in the Chicago area!

Opportunities and Growth:

Local favorite bar. Friendly northwest side pub. Great neighborhood establishment. Part of the community. Fun spot. Popular gathering place. The “let’s get together at” bar. Tons of regulars. Where everyone knows your name. Has the oldest liquor license in the area. Highly rated and recommended, great reputation to continue to build upon!

Additional Info

The company was started in 2003, making the business 19 years old.
The sale shall not include inventory valued at $10,000*, which ins't included in the suggested price.

The business has 8 Part-Time employees and is located in a building with estimated square footage of 2,476 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. However, the real reason and the one they tell you may be 2 entirely different things. As an example, they might state "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or a variety of other factors. This is why it is very crucial that you not depend totally on a vendor's word, however rather, use the vendor's answer along with your total due diligence. This will repaint an extra sensible image of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that profit margins are too small. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in new customers? Often times, companies have repeat consumers, which form the core of their everyday profits. Certain variables such as new competitors sprouting up around the area, road building and construction, as well as personnel turnover can impact repeat consumers and negatively influence future revenues. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the better the opportunity to build a returning customer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Exactly how might the regional average home income influence future revenue potential?