Tavern & Real Estate - Near Lake

Antioch, Illinois (N. Lake County) - Includes: Business Entity, All Equipment & All Fixtures.

Completely remodeled in 2004, electric, plumbing and heating were all replaced. The bar and kitchen have new equipment. The bar was completely reconstructed with room for thirty stools. Other features include a 70 person capacity for the restaurant, 40 person capacity for the bar and game room, expanded game room with two pool tables, two fireplaces, new Ansel system in kitchen, partially finished older basement with 12’ x 12’ walk-in cooler and other storage, four year old hot water boiler, newer soffits and new furniture. The owners state that they spent approximately $175,000.00. In addition to the dining room and bar area, there is a full-basement, and outdoor deck/patio. Next to the building there are approximately 15 parking spaces. Additional parking is available in the gravel parking lot across the street with room for approximately 50 vehicles

Asking Price: $550,000.00 plus inventory
Gross annual sales (approximately): $200,000.00 (As stated by owner, huge potential with owner operator)
Verified cash flow or net (approximately): Owner will discuss Value of furniture, fixtures & equipment (approximately): $50,000.00
Value of inventory (approximately): $5,000.00 (Not Included in Asking Price)
Building, Lease details (approximately): Approximately 65 car parking spaces, remodeled 2004, carpet, vinyl and tile floors, drywall & Panel walls with suspended ceiling, CB (400 amp) electrical, hot water – base board heating, approximately 64 seats in dining room, approximately 37 seats at bar.
Seller Financing: Seller may discuss financing with a qualified buyer.

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