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4AM Tavern for Sale in Chicago's North Suburbs, 4AM Tavern License........................$179,000 plus inventory

SOLDNorth Suburbs of Chicago (Cook County)
Sale includes: The Entire Business, all Equipment & all Fixtures.

 
Owner is Retiring

Bars with 4AM Liquor Licenses rarely ever go on the market. Now is your chance to buy a bar with a 4AM tavern liquor license. 4AM liquor licenses are the most sought after type of liquor license because they permit you to stay open and serve alcohol until 4AM each day. You can't just go out and get a 4AM liquor license. New 4AM liquor license are nearly impossible to acquire because nobody is issuing new 4AM liquor licenses. The only way to acquire a 4AM liquor license is to buy a business that already has a 4AM liquor License. These tavern liquor licenses are so desirable because they allow you to serve alcohol without requiring you to serve food. Another great aspect of the business is the extremely low rent. The total monthly rent is only $2,000!!!! This includes the Base Rent, C.A.M. Charges & Real Estate Taxes.

This place has a 4am Tavern Liquor License, the best of both worlds!!

This bar has been in business for over 40 years. The current owner purchased the business 5 years ago and is retiring. The license allows you to serve alcohol from 7am - 4am however they are open from 12pm - 4am daily. Expanding the hours of operation is only one of the many areas of opportunity here. The current owners are not doing any advertising. This place is a great location at a very busy intersection. There are over 35,000 cars driving by the front door each day and over 72,000 cars driving through the intersection each day. The signage out front is very poor however it's an easy thing to change. The parking lot is huge and there is plenty of room to add an outdoor patio. This bar is near Skokie, Niles and Park Ridge. Contact us for exact location.

Financial statements are not available at this time. A new owner will most likely change the concept and completely remodel and revive the entire business.
 
Note: Pictures of the property can be emailed upon request.

Asking Price/Business only: $179,000.00 plus inventory
Gross annual sales (approximately): +/-$200,000.00 (as stated by owner)
Cash flow (approximately): n/a
Value of furniture, fixtures & equipment (approximately): $35,000.00
Value of inventory (approximately): $2,000.00 (not included in asking price)
Lease details (approximately): The space is +/-1600 sq. ft. The base rent, C.A.M. charges & Real Estate Taxes are $2,000.00/month. There are 3 years left on the lease but the owner states that  a longer lease is no problem. The business has been here for over 40 years.   
Seller Financing: Owners might discuss some financing with qualified & experienced buyer/operators.  
Contact: Dennis, info@abausa.com or 312-360-1955

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