Home Details for 8143 47th Street

Asset sale only!! This location has been a go-to-bar in the area for 40 years and with current owner the last 8 years. This is a rare opportunity to acquire a fully equipped bar and restaurant operation with a proven track record of success. Prior to the liquor license issue affecting the current ownership, this well-known establishment was thriving. The property features approximately 1,500 SF restaurant space on one side and approximately 2000 SF separate bar area on the other, connected by a shared commercial kitchen. A dedicated service entrance from the bar to the kitchen allows food service to bar patrons without requiring staff to pass through the restaurant dining area. An outdoor patio provides additional seating and revenue potential. The sale includes substantially all furniture, fixtures, equipment, and opened liquor inventory. The current ownership is unable to continue operating under the existing village liquor license; however, village officials have indicated that a qualified buyer with a clean record may apply for a new liquor license and operate at this location. A new owner will also need to apply for any desired gaming licenses and approvals. According to discussions with the village, the liquor license application process may move quickly (Apx. 1 to 2 weeks) once fingerprinting and required documentation are completed. Highlights: 78 parking spaces Bar and restaurant concept under one roof Shared commercial kitchen Dedicated bar-to-kitchen service access Outdoor patio seating All owned FF&E included ~ existing pool table will be replaced with a different pool table Open liquor inventory included Established customer base and operating history Opportunity for a new owner to re-establish liquor and gaming operations at a significantly discounted initial list price Ideal opportunity for an experienced operator looking to acquire an established location and bring it back to its full earning potential. Buyer responsible for independently verifying all licensing requirements, approvals, and timelines with the applicable local and state authorities. Roof 2021/22 and parking lot redone in 2023, (3) HVACs 2021 ~ Taxes are included in rent ~ Lease ends 8/2028 with a (5) year option ~ Rent is: $10,800 and includes both sides (Restaurant and bar) Potential to bring a partner and share the rent!

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