Avondale European Sports Bar and Café

Listing was updated at: 07/05/2020
Property Overview
Price/Rent PSF $ 139,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1,447
Date Available 07/02/2020
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Chicago’s Avondale community is a working-class neighborhood located about 8 miles northwest of downtown Chicago. Avondale was recently recognized as one the nation’s 10 hottest, need-to-visit neighborhoods by popular travel website Lonely Planet. The article—which also highlights spots such as New York’s Sunset Park, Denver’s River North (RiNo), and Frelard in Seattle—focused primarily on up-and-coming areas where art, culture, food, and authenticity intersect. Avondale’s inclusion references the neighborhood’s blue collar “scruffiness” and a relative lack of pretension compared to its immediate surroundings. The neighborhood features a diverse range of trendy food and beverage offerings, such as, Milano's Cafe and Bar.

For Sale - Rarely available European Sports Bar and Café 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 $360K. Monthly rent is $3,500 and will require assumption of existing lease or negotiating a new lease with the Landlord. Current restaurant is 1.447 SF and there is an option to expand and double the size of the bar. Please do not disturb existing business. This is an asset sale and not a stock sale, so the existing corporation is not included in the sale. Licenses will be transferred via short term management agreement until new licenses are issued.