Pops for Champagne was acquired by Private Investor Group
Transaction Description
World Renown Bar
Transaction Details
Private Investor Group
Chicago, IL
Acquired
Pops for Champagne
A world renown champagne bar
Chicago, IL
JW&Co advised Pops for Champagne
Transaction Overview
Our client is a well established landmark institution in Chicago and the nation’s most acclaimed champagne bar. It is located on the most desired corner of River North at State Street and Ohio Street in the historic Tree Studios. This wine bar has been a community fixture for over 35 years. The dedication and precision of service, selection and presentation…all relating to what’s in the glass…is the formula that has cemented Pops as iconic in Chicago’s hospitality market and beyond.
Challenges
Chicago is challenging New York and San Francisco as the restaurant and bar capital of the U.S. Therefore, the challenge was locating someone in the local hospitality industry given the a saturated market.
Solutions
Jackim Woods leveraged their database of contacts in the Chicago hospitality industry to present multiple qualified buyers to our Client.
Summary
After over 35 years establishing a Chicago icon, our Client was able to exit and achieve his goals and objectives.
