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Sports Bar & Liquor Store for Sale in Chicago, SW

Total Purchase Price/Real Estate & both Businesses = $2,390,000 plus inventory.
Purchase Price/Both Businesses = $595,000 plus inventory.

This is two businesses in one. The building is divided into two spaces, but both businesses share same liquor license. The sports bar has a 2AM tavern liquor license (3am on Saturday). The tavern license is a very desirable liquor license because it allows you to serve alcohol without serving food. The profit margins are much better on alcohol than food. You can serve food if you want but you are not required to do so.

The Liquor Store & Sports Bar opened for business July 6th, 2009. The owners had no experience in this type of business yet they have managed to do $620,000 in sales in the first 2 ½ months they opened! That's an average of $8,052.00 in sales per day. This business in on track to do over $3,000,000 in the first year! July sales were $112,806.47 (They were only open 19 days in July) . August sales were $261,231.27. September sales were $245,846.21 (They were closed for 3 days in September). Obviously, business will continue to increase as more and more people discover this brand new liquor store and sports bar in their neighborhood. Another important factor in the early success of this business is that it's located on an extremely busy street with over 37,200 cars driving by each day. Most of the sales are cash, so credit card fees are minimal.

Both businesses share the same liquor license and inventory so they have to be sold together. With such a large inventory, you never have to worry about running out of product in the sports bar. There is a 16 camera surveillance system that can be viewed online once an offer has been accepted. They also have a lotto machine and sell lotto tickets. They do accept credit card payments but more of their sales are cash sales. The current owners completely remodeled the building and spent over $500,000 on the equipment, fixtures and build-out. The sales are verifiable.