Evanston, IL
Not Disclosed
Bars, Pubs and Taverns For Sale in Illinois
Market Info
Real EstateDowntown Evanston Restaurant & Bar/Retail Opportunity
Real EstateOne of a Kind Restaurant/Hospitality Spaces at The Lofts at River East
Chicago, IL
Not Disclosed
Real EstateHotel Restaurant for Lease in Northbrook
Northbrook, IL
Not Disclosed
Real EstateWest Loop Commercial Space For Lease
Chicago, IL
Not Disclosed
Real EstateUkrainian Village Restaurant For Lease
Chicago, IL
Not Disclosed
Real EstateTurn Key Bar with Grandfathered Video Poker
Frankfort, IL
$1,500,000
Buy or Sell a Bar Business in Illinois
Bars, Pubs, and Taverns offer a unique business model that combines the service industry with alcoholic beverage sales. They provide a space for people to socialize, relax, and enjoy drinks either alone or in groups. Bars are often a core part of their community and can bring in significant revenue when managed efficiently. If you’re interested in buying or selling a bar business, it helps to have some context on pricing and valuations in the current market. To provide that context, we have aggregated data from listings of Illinois bars for sale and derived financial and valuation metrics below.
Market Snapshot
The financial data presented here is an aggregation of listing averages and should be used as a guide rather than a rule. It's essential to conduct thorough research on the specific market and location before making any significant business decisions.
|
Number of Businesses Analyzed |
27 |
|
Median Asking Price |
$562,250 |
|
Median Reported Revenue |
$813,097 |
|
Median Reported Earnings |
$192,500 |
|
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
|
Illinois Bar Business Valuation Multiples
|
Range |
Revenue |
Earnings (SDE) |
|
Lower Quartile |
0.27 |
3.95 |
|
Median |
0.42 |
4.02 |
|
Upper Quartile |
0.99 |
4.35 |
|
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price. |
||
Get in-depth market insights into valuation multiples and trends in our report: Bar & Pub Business Valuation Metrics and Financial Benchmarks.
FAQs
How much does it cost to buy a bar in Illinois?
The median asking price for an established bar business is $562,250, though prices range from around $60,000 to nearly $4,000,000.
How much do bar owners typically earn?
The median reported revenue among Illinois bars for sale are $813,097 and owners earn a median of $192,500, which includes the owner's salary and any other financial benefits they receive.
How do I value a bar?
There are several ways to value a bar business, but buyers and investors typically hinge their evaluation on a multiple of earnings and revenue. Based on our most recent analysis of Illinois bar for sale listings, revenue multiples range from 0.27 to 0.99, with a median of 0.42. Earnings multiples range from 3.95 to 4.35, with the median at 4.02. This means the average bar or pub in Illinois may sell for around 0.42 times its annual revenue, and 4.02 times its annual owner earnings.
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