Billiards Hall for sale in Chicago….............................................................$1,299,000 plus inventory
Well known billiard hall established in the 1980’s. Located in a the very busy neighborhood in the Chicago area. The Illinois Department of Transportation reports that there are over 27,600 cars driving by the front door each day. It is also near a lot of foot traffic that is due to college students. There are well over a dozen billiard tables and snooker tables as well as video games. The business has a “retail food establishment” license and a “public place of amusement” license. This is a BYOB establishment that allows the “over 21” customers can bring in their own liquor, beer or wine to drink while they play pool. The most important highlight of this business is that it is owned by an absentee owner. The owner has a manager who runs the day to day operations. You’ll never run out of storage space with the approximately 3,000 sq.ft. basement. There are 8 cameras throughout the pool hall that can be viewed online via a secure website. Currently, the pool hall is a smoke free environment because they serve food. This business generates over $130,000.00 in cash flow without doing any advertising.
Owner will consider all offers
Asking Price: $1,299,000 plus inventory
Gross annual sales (approximately): $291,008.00 (as stated by owner)
Cash flow or net (approximately): $130,323.00 (as stated by owner)
Value of furniture, fixtures & equipment (approximately): $105,000.00
Value of inventory (approximately): $5,000.00 (not included in asking price)
Building, Lease details (approximately): Occupancy is approx 300 +/-, Lease Term is 5 years w/(2) 5-year options, Base Rent; R.E. Taxes, C.A.M. is $5,000/Mo for 1st 24 months & Increases 2% Annually after year 3, Store Size is approx 5,843 Sq.Ft.+/- plus full basement, Maintenance Fees is included in rent, Plenty of street parking.
Seller Financing: Owners may discuss some financing with very qualified & experienced buyer/operators.
Contact: Dennis, firstname.lastname@example.org or 312-360-1955