Bookstore Related Specialty Retail w/Long History

Chicago, IL
Cook County

Urban Area with Heavy Foot Traffic


Asking Price: Annual Revenue:
$868,000 $546,608

Retail: Florists, Gifts, Cards, Books


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RE: Bookstore Related Specialty Retail w/Long History Broker: Dennis Hansmann

Quick Facts

Asking Price: $868,000
Annual Revenue: $546,608
Net Profit: Not Disclosed
Cash Flow: $101,840
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 1982
Employees: 5
BBN Listing #: 379737950
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Customers love the historical space of this niche retail store that appeals to the masses. Almost everyone buys products from this type retailer. The building is spacious and light, with room to browse the carefully curated selections. Customers appreciate the personal recommendations and the broad diversity that is represented in the products offered.

Sales have been strong in recent years, as people are becoming more aware of the importance of supporting local businesses. As a result, small business openings in this category have once again increased across America, as have Association Memberships.

This business is a founding member of a local festival. This is the oldest and largest festival of its kind in the Midwest, and the festival brings in more than 100,000 attendees over 2 days every summer. Attendees also enjoy speakers, food booths, arts and crafts, and band music. In addition to the festival, the business works directly with some local schools, has a Christmas charity drive, and sends hundreds of products to children every year.

There is a lot of potential to grow the business. Even now, sales are increasing organically, and the work hours at the business could easily be expanded for an easy revenue spike. There are hundreds of participants in the loyalty program who receive a 10% discount. They could easily be reached out to more frequently through newsletters and by a more substantial social media presence.

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Property Features and Assets:

2,450 Square feet historic building in historic neighborhoods with tons of charm and sought after as a quiet and yet trendy small business and residential area of Chicago.

Market Competition and Expansion:

No immediate completion and minimal independent competition in Chicago.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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