LONCAR'S CHICO BAR

Business Opportunity for Sale
Catylist Listing ID: 30362102
Property Subtypes: Food and Beverage, Real Estate
Building Size (RSF): 3,925 SF
Sale Price: $349,900
Name of Establishment: LONCAR'S CHICO
Gross Revenue: $205,000 (Annual)
Cash Flow: $26,400 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 5/22/2019

Overview / Comments

OPPORTUNITY TO OWN A LONG STANDING RESTAURANT WITH BAR & LIQUOR STORE IN SOUTH CHICAGO. PRICE INCLUDES BUSINESS WITH REAL ESTATE AND ALL FURNITURE, FIXTURES, INVENTORY AND EQUIPMENT. EVERYTHING WILL STAY. A LIST OF THE EQUIPMENT IS AVAILABLE. THE 2nd FLOOR HAS APARTMENT THAT OWNERS CAN LIVE IN OR RENT OUT. THE BOILER IS ONLY 6 YEARS OLD, TANKLESS WATER HEATER IN 2015 & GREASE TRAP IS LESS THAN ONE YEAR OLD. OWNERS RECENTLY INSTALLED LIQUOR CONTROL SYSTEM IN PLACE TO ASSIST WITH MANAGEMENT OF THE LIQUOR INVENTORY. BUILDING HAS A FULL BASEMENT THAT IS USED FOR STORAGE. RESTAURANT SEATS 55 CUSTOMERS. OPEN 7 DAYS A WEEK.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Cook County
Industry Segment: Restaurants
Reason for Selling: OWNERS WANT TO RETIRE
Value of Inventory Included ($): $5,000
Value of Furniture, Fixtures, and Equipment ($): $15,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $350,000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,516 161,372 393,629
Median Age: 31.86 36.91 36.26
Households: 8,638 62,352 151,551

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