698 North Milwaukee Avenue
- • Total Capacity: 365 seats including 50-seat patio (14% outdoor seating ratio)
- • Operating Hours: 3PM-3AM daily (12-hour operation window) Very Rare 20-hour license
- • Licensed Hours: 4AM daily liquor license maximizes revenue potential. Can open at 8am if wanted for additional gaming revenues.
- • Largest Modelo account in Illinois (state-leading position)
- • Lease Terms: $10,500/month NNN, Year 7 of 10-year extension (3 years remaining)
- • Annual Rent-to-Sales Ratio: 8.4% ($126,000 annual rent / $1.5M sales)
- REVENUE DIVERSIFICATION
- • Primary Revenue: Food and beverage operations
- • Secondary Revenue: Video gaming ($127K+ annual 2025). Reports attached, Corp name "Sellis Ent"
- • Seasonal Revenue: Outdoor bands and summer festivals
- • Peak Performance: DJ and dance operations Thursday-Saturday
- COMPETITIVE ADVANTAGES
- • Extended operating license (4AM daily) vs standard 2AM closures
- • State's largest gaming account provides market differentiation
- • Multi-bar configuration enables efficient high-volume service
- • Professional sound system and lighting infrastructure support premium entertainment positioning
- • Established customer base with proven nightlife demographic
Property Description
This established Prospect Heights sports bar and dance venue shows strong financial metrics, with $1.5M in gross sales (2024) and $300,000+ in Seller's Discretionary Earnings, representing a 20% SDE margin. ($1.3m Gross sales in 2025 with cash flow over $500k) Gaming revenue provides additional stability with $127,243 take-home (2024) and $109,000 through August in 2026, indicating consistent supplemental income streams. None of these numbers reflect any cover charges at $20pp and over 600 covers between Fri/Sat, or the outdoor festivals, or the Poker nights~
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $1,399,000 |
| Year Built: | 1991 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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