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3930 W School Street

Chicago, IL 60618
  • $185,000
  • STATUS: Active
  • ON SITE: 3 Days
  • MLS #: 12055087
New On Site 3 Days Ago
UPDATED: 32 min ago
$185,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
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Area:

School Ratings & Info

Description

Business Only For Sale - Rarely available European Sports Bar and Cafe in hot Avondale Neighborhood. Sale price includes all FF&E, bar inventory and business name. Very successful neighborhood bar operating for more than 10 years that offers full-kitchen and bar service seven days a week. During the day, patrons enjoy gourmet coffee service and at night they enjoy beer/cocktails while watching European Football games or hire out areas for private parties. The property offers a 32-foot wrap around bar, brick walls, exposed ceiling timbers and private outdoor patio. Additional outdoor seating also available in the front of the building. Annual gross revenue exceeds $315K. Video gaming was recently added to increase potential revenue. Monthly rent is $4,000 per month and will require assumption of existing lease or negotiating a new lease with the Landlord. Current restaurant is 1,447 SF. Please do not disturb existing business, but feel free to patronize the establishment. This is an asset sale and not a stock sale, so the existing corporation is not included in the sale. Licenses can be transferred via short term management agreement until new licenses are issued. There is no real estate for sale with this listing.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene | Baird & Warner. Based on information submitted to the MRED as of 2024-05-17T20:02:13.463 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3930 W School Street Chicago, IL 60618

  • Price: $185,000
  • Status: Active
  • On Site: 3 Days
  • Updated: 32 min ago
  • MLS #: 12055087
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Business Only For Sale - Rarely available European Sports Bar and Cafe in hot Avondale Neighborhood. Sale price includes all FF&E, bar inventory and business name. Very successful neighborhood bar operating for more than 10 years that offers full-kitchen and bar service seven days a week. During the day, patrons enjoy gourmet coffee service and at night they enjoy beer/cocktails while watching European Football games or hire out areas for private parties. The property offers a 32-foot wrap around bar, brick walls, exposed ceiling timbers and private outdoor patio. Additional outdoor seating also available in the front of the building. Annual gross revenue exceeds $315K. Video gaming was recently added to increase potential revenue. Monthly rent is $4,000 per month and will require assumption of existing lease or negotiating a new lease with the Landlord. Current restaurant is 1,447 SF. Please do not disturb existing business, but feel free to patronize the establishment. This is an asset sale and not a stock sale, so the existing corporation is not included in the sale. Licenses can be transferred via short term management agreement until new licenses are issued. There is no real estate for sale with this listing.
Interior Features

Cooling Central Air Heat Ventilation Forced AirGas

Property Features

Additional Parcels YN No Adjusted Net Income 11500 Adjusted Net Income Year 2022 Annual Rent For Real Estate 48000 Building Area Total 1447 Business Age 11+ Years Business Type Bar/Tavern/LoungeFood & BeverageRestaurant Corporate Limits Chicago Electric Service - 201 to 600 Amps Gross Profit Year 2022 Gross Sales Annual 315000 Gross Sales Annual Year 2022 Mls Actual Status New Operating Expense 200000 Property Offered For Sale Only Real Estate Included No Sale Price Includes BusinessLicense/PermitEquipmentTrade FixturesInventoryCustomer ListOwner Will TrainPhone NumberBusiness NameKey Money/Good Will Tax Annual Amount 6150 Tax Year 2022 Tenant Pays ElectricityHeatScavenger Type Bus / Bus w/Real Est Type Of Lease Gross Lease Zoning COMMR

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Be Realty, LLC: 773-234-3363.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene | Baird & Warner. Based on information submitted to the MRED as of 2024-05-17T20:02:13.463 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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