New Sports bar and restaurant
Report Date: 9/4/2008 Office Id# 410408
Location: NW Suburb
Primary Category: Bar and Grill and Restaurant
 

Financial Information
Asking: $ 2,300,000 Gross: $ 850,000 Cash Flow: $ N/A
Furniture, Fixtures & Equipment: $ 300,000
Inventory: $  15,000 (not included in sale price)
Real Estate: $   2,200,000 (Appraised in April of 2008)
Financing:  New Financing, make offer
 
Summary Description:

It’s a great restaurant for the whole family.  Owners have other businesses and wish to downsize. Coming soon to the area: New major motor sports complex 2009, New Hockey Arena 2009, Light Rail 11/2009, New Amateur League Baseball Field 2009, New Motel next door opening Nov. 2008, Plans for a 5 Screen Movie Theater.
 
General Information:
Facilities:

6,100 sq ft plus patio   on    1.58 acres  (150 ft Hwy 10 frontage)
Competition:

There is a lot happening in this area!  Soon to be next to the site of a brand new outdoor facility, a new major motor sports complex is being built just ½ mile away.  This will be a perfect venue to attract the many race car fans that will frequent the area.  The sports complex will have a banquet center and will be annexed to the city, contributing $2M in taxes annually.
Growth & Expansion:

Community will see major commercial growth in the next few years!  The opportunity to host the new major motor sports complex and Light Rail Transit has been warmly met with the city father’s.  This will give a tremendous economic boost to the area.
Support / Training: 20 days for new owners.
Reason Selling: Down sizing operations
Year Established: 2006
Employees: 3FT/15PT
 
Contact information:
Contact: Jerry Vlaminck Phone: 763.972.9077 OR 763-972-9080 Fax
Email: hospitalityserv@frontiernet.net  
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