Pool Hall / Bar For Sale - NW Chicago Burbs

scdiveteam

scdiveteam

Rick Geschrey
Silver Member
Pool Hall / Bar For Sale 11,000 sq. ft.
11,000 sq. ft. Pool Hall / Bar / Full Kitchen - Northwest Chicago Suburb

230 Pool League Members - 5 Leagues - APA, BCA, ACS, & Bar League

16 Brunswick Gold Crown 4s, 5 Valley Bar Boxes

Free Standing Building in a Downtown Area with plenty of parking

18 Years remaining on lease @ $ 5,300.00 per month including taxes & ins.

No rent increase until December 2012 then CPI cost of living averaging increase. This rent is an unbelievable deal most pool halls of this size pay $12,000.00 to $ 15,000.00 per month. Our rent is under $5 per sq. ft. per year.

If you are interested in a pool hall / bar, you will not find this kind of deal again.

Asking Price $ 445,000.00. Owner is going into cue making on a fulltime basis.

Interested parties can call Rick @ 847 641-0276. email scdiveteam@aol.com
 
Pool Hall For Sale

Main Street Billiards Cafe
113 S. Main
Algonquin, Il. 60102

Rick's cell 847 641-0276
 
great deal

this place has a ton of space and their tables are in great condition, nice bar to boot!
 
with rent like that its hard to go wrong. too bad i dont like chicago(too cold for me), this sounds like a good gig for the right person.
 
Fatboy said:
with rent like that its hard to go wrong. too bad i dont like chicago(too cold for me), this sounds like a good gig for the right person.
Click to expand...

Eric

Do you know all the business numbers for owning a pool hall?

Kevin
 
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This is some of the cheapest rent I've ever heard of for a bar. Like most things in life - the devil is in the details. How late can you stay open, how hard is liquor license to get (if at all), how late can you serve on sundays and how does that compare to the laws in neighboring counties, how is parking and most importantly how much does it make.

I'm sure there are all kinds of esoteric formula's for caluclating the cost of a bar, but I'd say take the salvage cost of the equipment, pool tables and multiply the average of the past 3 years profit after taxes by 2x. So if the place netted the owners 100k after taxes average past 3 years and there is 100k (used price) of equipment the place is probably worth 300k.

The life of the lease has to be a factor too because if your business is too successful when the lease is up, the owners of the shopping center or building will just not renew your lease and put their own pool tables in there and they've basically done a hostile takeover of all your good will and hard work.

The other value in owning a bar is that it's a cash business. I would think with this economy there would be some decent deals around for pool rooms but it is a tough business.
 
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