614 Bald Knob
Johnsburg, IL 60051
Cabana's On the Chain · Retail Property For Sale

Incredible opportunity to own your own lakeside bar and grill on the Chain of Lakes. Complete with large outdoor deck with additional exterior bar & seating overlooking the water, boat launch, 68 boat slips and 2 rental properties. Warm and inviting interior features a full bar with 4 beers on tap, ample seating, tvs to watch sports, dart boards and stone fireplace. Beautiful wooden walls and vaulted ceilings with exposed trusses. Relaxed atmosphere. Spacious exterior boasts a large wooden deck with another bar, ample outdoor seating, grassy area with picnic tables, playground and plenty of parking. Fully-equipped kitchen with hood, 2 station POS system and much more. Serving tasty burgers, sandwiches, wraps and wings along with steaks, chicken and pasta. As well as starters, salads, soups, sides and more. Daily food and drink specials. Specialty bloody Mary and Mimosa bar on the weekends. Revenue: Business Gross Sales = $1,000,000. Rental Income = $1,750/mth. Boat Slip Revenue = $25,000/yr. Boat Launch Revenue = $3-5,000/yr. 2018 Gaming Revenue (location's take) = $57,876. Location: Premium retail space in a freestanding building perfectly situated on Pistakee Lake. A spot you can walk, bike, drive, jet ski, boat or snowmobile to. Convenient location on the river! Year Established: 1989 (Current Owner September 2014) Property: 2.03 acres with 400 feet of water front, 68 boat slips, as well as 4 buildings - restaurant/bar, 2 rental properties and storage building. Real estate taxes $36,000/yr. Square Feet: 2,800 Seating: 15 Bar + 42 Inside + 40 Outside Days/Hrs of Operation: Daily 11a-2a Bar/Restaurant Gross Sales (2018): $1,000,000 Cash Flow (Net Operating Income): $236,000 Employees: 15-30 (Depending On Season) Training: Two weeks on-site comprehensive training. Value of FF&E: Included In Asking Price Seller Financing: No Reasons for Selling: Relocating to Florida. Competition/Market: Friendly down-home place to enjoy food, drinks, music, entertainment, all while taking in the gorgeous Chain of Lakes. Also the perfect place to hit the jackpot. Known for their great food, great times and great service. Growth & Expansion: Well established over 30 years! Local favorite all year round. Popular water front spot. Also awesome snowmobiling joint. Tons of regulars, locals as well as visitors. Boat & water craft in the summer months and snowmobile & snow sports in the winter months. Plus drinks, food, live music, games, gaming and more…has it all!