Very Profitable Grocery Store

Chicago, IL
Cook County

North side of city


Asking Price: Annual Revenue:
$3,999,999 $10,000,000

Food & Beverage: Grocery & Food Stores


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RE: Very Profitable Grocery Store Broker: Rob Uhland

Quick Facts

Asking Price: $3,999,999
Annual Revenue: $10,000,000
Net Profit: $1,000,000
Cash Flow: $1,000,000
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 1987
Employees: 40
BBN Listing #: 57051628
Broker Reference #: 22-10

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Business Overview:

Very profitable Chicago grocery store is now available. This is a cash cow with a 10% margin. It has been in neighborhood for 35 years and 18 with the current owner. 40 employees means customer service is the differentiator. Higher end food merchandise and robust departments means there are thousands of loyal customers. Serious inquiries only, proof of funds

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Property Features and Assets:

10,000 square feet building that has been recently remodeled. Parking lot with 25 stalls is more than ample. Approximately $500,000 of inventory on shelves and displays.

Market Competition and Expansion:

Only two other stores in the area. The one is very ethnic and the other has more of a lower end food products and clients. The are both outcompeted. There is a huge upside in curbside pickup and delivery services that current owner has not expanded.

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.

Documents:

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