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    Address Not Available By Request

    Schaumburg, IL 60189
    • $299,000
    • STATUS: Active
    • ON SITE: 397 days
    • MLS #: 10764803
    UPDATED: 39 min ago
    $299,000
    • 0
      BEDS
    • 1.74
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,800
      SQFT
    • $31
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    We have been exclusively engaged to market the opportunity to purchase operating lounge. This lounge has a full service restaurant as well as live entertainment space with seating over 100. The kitchen has pizza oven, churrasco oven, several fryers prep area as well. They have 2 full service bars. All fixtures (TV, POS, tables, chairs, prep tables, pots and pans, cooking utensils, computers, printers, office furniture, phone systems) and inventory sold with business, valued at $150,000. Business only operates 3 days a week Thursday-Saturday. This business can provide more income with on-site manage, build out patio for outdoor entertainment, AN increase in hours from Thursday- Saturday 5pm-2am to Monday-Sunday 11am-2am. Plenty of Office building for the lunch crowd. Then for the evening crown plenty of apartments and house in the area. Soon more traffic with the Motorola Campus being currently built.

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    © 2021 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 The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-08-02T10:55:06.137 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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    Address Not Available By Request Schaumburg, IL 60189

    • Price: $299,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 10764803
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.74
    Acres
    9,800
    SQFT
    $31
    $/SQFT
    Neighborhood:
    Schaumburg
    County:
    Cook
    Area:
    Schaumburg
    Property Description
    We have been exclusively engaged to market the opportunity to purchase operating lounge. This lounge has a full service restaurant as well as live entertainment space with seating over 100. The kitchen has pizza oven, churrasco oven, several fryers prep area as well. They have 2 full service bars. All fixtures (TV, POS, tables, chairs, prep tables, pots and pans, cooking utensils, computers, printers, office furniture, phone systems) and inventory sold with business, valued at $150,000. Business only operates 3 days a week Thursday-Saturday. This business can provide more income with on-site manage, build out patio for outdoor entertainment, AN increase in hours from Thursday- Saturday 5pm-2am to Monday-Sunday 11am-2am. Plenty of Office building for the lunch crowd. Then for the evening crown plenty of apartments and house in the area. Soon more traffic with the Motorola Campus being currently built.
    Exterior Features

    Approx Land Sq Footage 9800 Construction Materials BrickConcreteBlockSteel SidingStoneOther Frontage Type City Street Outdoor Parking 51-100 Spaces Parking Total 95 Roof CompositionMembraneRubberSlateVaries Waterfront YN No

    Interior Features

    Cooling Central AirChillersExhaust FanZoned Electric Other Heat Ventilation Central Bldg HeatForced AirOther Seating Capacity 100+

    Property Features

    Additional Parcels YN No Adj Net Income Year 2019 Adjusted Net Income 000 Annual Rent For Real Estate 165000 Business Age 4-6 Years Business Type Bar/Tavern/LoungeFood & BeverageRestaurant Corporate Limits Schaumburg Cost Of Goods Sold 78000 Cost Of Goods Year 2019 Current Use Commercial Existing Lease Type Gross Food Beverage Type Restaurant General Information After Hours OnlyNone Gross Payroll 0 Gross Payroll Year 2019 Gross Profit 168000 Gross Profit Year 2019 Gross Sales Ann Year 2019 Gross Sales Annual 440000 Inventory 25000 Inventory Year 2019 Known Encumbrances Other Leaseable Area Units Square Feet Living Quarters None Lot Size Dimensions 254X294 Net Operating Income Year 2019 Net Profit 000 Non- Disclosure Agreement Required YN Yes Operating Expense 272000 Ownership Type Corporation Possible Use CommercialConditional UseIndustrialLiquor LicenseNon ConformingOffice And ResearchRecreationalRetailSpecial UseZoning Change RequiredOther Property Offered For Sale Only Real Estate Included YN No Sale Includes BusinessLicense/PermitEquipmentPatents/CopyrightsTrade FixturesTrade Mark/SInventoryCustomer ListPhone NumberBusiness Name Sales Taxes 31000 Sales Taxes Year 2019 Tax Annual Amount 89227.7 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceInsuranceScavengerSewerOtherGas Total Operating Expenses Year 2019 Type Bus / Bus W/Real Est Type Of Lease Gross Lease Unincorporated YN No Zoning Rtail

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Realty Ptnr,Ll.


    © 2021 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 The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-08-02T10:55:06.137 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.

    Digital Millennium Copyright Act
     
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