Bar/Restaurant for sale in Chicago, Wrigleville..........................................$695,000 plus inventory
North side of Chicago – Sale includes: the Entire Business, all Equipment & all Fixtures.
Asking Price/Business only: $695,000.00 plus inventory
That’s right, a Wrigleyville bar is for sale right near Clark and Addison!!!!
What a location!!! Well, you can’t get much closer to Wrigley Field than this place, unless of course, you happen to have a couple of million dollars to spend. Let’s face it, bars in Wrigleyville rarely ever go on the market. This Wrigleyville bar has all the amenities; a 2am Incidental liquor license, plenty of seating, 2 dining areas, a bar, a basement and a full kitchen. The liquor license allows you to serve alcohol until 2am daily. The building is a one-story building containing a total of approximately 4,400 sq ft. Also, the rent is cheap at just $8,000.00/month including RE taxes.
The current owner purchased the business April 1st of 2008 and spent over $500,000.00 on remodeling. He owns multiple businesses and properties and has decided to slow things down and sell. Due to the highly desirable Wrigleyville location, he decided this location would be easiest to sell. This is a true turn-key operation in a fantastic location. Best of all…….the owner is flexible with the price and terms. He is even willing to finance up to 40% of the purchase price for an experienced and financially qualified buyer.
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.
Due to the current owner’s concern about confidentiality, all potential buyers will be required to fill out a short Financial Statement to show they are financially qualified before receiving exact name and location of this Wrigleyville bar.
Pictures of the property can be emailed upon request.
Gross annual sales (approximately): +/-$523,935.80
Cash flow (approximately): n/a
Value of furniture, fixtures & equipment (approximately): $135,000.00
Value of inventory (approximately): $12,000.00 (not included in asking price)
Lease details (approximately): The lease expires 7/31/2022. The total monthly rent and Real Estate Taxes is $8,000.00/month. The store size is 4,400 sq ft. The annual increases are 3%. The storefront is one story plus a basement.
Seller Financing: Owner will consider financing up to 40% of the purchase price with qualified & experienced buyer/operators.
Contact: Dennis, firstname.lastname@example.org or 312-360-1955