Chicago Pool Hall for Sale
Chicago
Pool Hall for Sale - $268,000.00 plus inventory
Asking Price: $268,000 plus inventory
Gross annual sales: $291,000.00 (as stated by owner)
Cash flow or net: $130,000.00 (as stated by owner)
Value of furniture, fixtures & equipment: $105,000.00
Value of inventory: $5,000.00 (not included in asking price)
Value of real estate: $975,000.00 (optional, not included in asking price)
Building, Property, Lease details: 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 qualified & experienced buyer/operators.
Chicago area - Sale includes: The Entire Business, all equipment & all fixtures.
The owners are willing to sell the property but they prefer to sell the business only.
Well known pool hall for
sale, established in the 1980's.
Located in a very busy neighborhood in
the city of Chicago.
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 is important because in January of 2008 a state wide smoking ban goes into effect. It might affect businesses where smoking is permitted. However, it will not have any impact on the pool hall because it is already non-smoking.
Asking Price: $268,000 plus inventory
Gross annual sales: $291,000.00 (as stated by owner)
Cash flow or net: $130,000.00 (as stated by owner)
Value of furniture, fixtures & equipment: $105,000.00
Value of inventory: $5,000.00 (not included in asking price)
Value of real estate: $975,000.00 (optional, not included in asking price)
Building, Property, Lease details: 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 qualified & experienced buyer/operators.
