Greatest Bar EverChicago, Illinois

Chicago, Illinois Business For sale

Property Features

Property TypeBusiness For sale Year Built-
SQFT- Tenancy-
Building ClassA Zoning-

Details

  • Proparty Sub CategorieEntertainment and Recreation
  • Asking Price350000
  • Cash Flow150000
  • Gross Revenue700000 sqft
  • EBITDA225000
  • FF&E140000
  • InventoryIncluded in asking price
  • Rent$5,600 /Month
  • Established2005
  • LocationChicago, IL
  • Real EstateLeased
  • Building SF2000
  • Employees10
  • Facilities2 full bars: 4 guns, 4 ice bins, walk in cooler, 2 bottle coolers, 3 compartment sinks = 2, 2 cocktail glass drain board, Micros POS 4 units, brand new dj booth, stage/equipment/instruments. 2000 Square ft bar 600 Square ft office Sidewalk cafe/Patio 2 Fender squire guitars 1 Strauss violin 2 Amps 1 Equalizer 2 mixers HDMI 4x4 matrix 4 New UHD Samsung Tv's 8 ton hvac 2 Smoke eaters :) 3 Shure microphones
  • CompetitionLocated in the hottest neighborhood in Chicago for bars and restaurants. 2nd City Theater, Zanies Comedy club, A Red Orchid Theater The Fireplace Inn, Topo Gigio, Happy Camper, The Vig, Orso's, Kamahachi, Broken English, Pour House, Benchmark, LG's, Jenni's Ice cream, Bombo bar, The Fudge Pot, Burton Place, Declan's Pub, Woodies, The Fudge pot, Updown Tobacco, Insomnia cookies, Cafe Sushi, le pain quotidien, Starbucks, McDonalds.
  • Growth & ExpansionUnlimited growth. Additional floor space available upstairs. Old Town Art Fair (2 days) Wells Street Fest (2 days, 200000 people) Chicago Marathon Wine Crush fest St. Patrick's Day New Years Eve Great holiday party space Hypnotizing atmosphere Private Mystique
  • Support & TrainingOptional
  • Reason for SellingRetiring
  • Business Websitehttp://www.suite-lounge.com

Description

2-3AM Tavern license!!! Clean! Restaurant license 15 years operating and still goingEstablished. 100,000 people find us online each monthA Chicago staple. True niche dive lounge in the famous Old Town area. Enchanting entrance "Old Town's Hidden Gem"Live Music Stage. With equipment + instrumentsIncredible acousticsBrand New DJ booth. All equipment includedPreviously known as "U.S. Blues" Aka "The sneak Joint" (Owned by the famous Belushi brothers)Sidewalk Cafe/Patio

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