Business Overview
Own a piece of local history with this highly profitable neighborhood staple. Boasting a 40-year legacy, this establishment has been completely reimagined with a modern, upscale remodel that blends classic hospitality with high-margin gaming revenue.
Situated in a high-traffic, sought-after district, this lounge serves as the go-to social hub for the community. With a motivated seller relocating out of state, this is a rare opportunity to acquire a proven winner with established cash flow from day one.
The Highlights
- Elite Gaming Revenue: Features 6 high-performing video gaming machines and Illinois State Lottery (On-Premise Social Venue).
- Recent Capital Improvements: Modern finishes, updated bar area, and contemporary lounge seating—no immediate CAPEX required.
- Diverse Income Streams: Full bar service with draft beers, low-labor finger foods, digital jukebox, darts, and foosball.
- Prime Real Estate: High-visibility location with strong demographics and a deeply loyal customer base.
Detailed Information
- Inventory: $8,000 (Included in asking price)
- FF&E: $50,000 (Included in asking price; includes all furniture, bar equipment, and gaming setups)
- Facilities: A cozy, updated interior designed for maximum "dwell time." The layout is optimized for both casual drinking and high-energy gaming.
Competition: Benefit from a "busy street" advantage. While other bars exist, this location’s 40-year reputation and recent high-end remodel provide a significant competitive moat.
Growth Potential: Significant upside available through hosting private events, expanding the food menu via local partnerships, and increasing digital marketing efforts.
Support & Training
The seller is committed to a smooth transition and will provide one week of hands-on training. Current staff is well-trained and may stay on to assist the new owner.
Reason for Selling
The current owner is moving out of state, creating an immediate opening for a savvy investor or owner-operator to take the reins of this iconic venue.
