Business For Sale

Supermarket in Suburban Chicago

Elmwood Park, IL
Cook County

NW Suburb of Chicago


Asking Price: Annual Revenue:
$400,000 $6,500,000

Food & Beverage: Grocery & Food Stores


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RE: Supermarket in Suburban Chicago Broker: David M Burchert

Quick Facts

Asking Price: $400,000
Annual Revenue: $6,500,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 37
BBN Listing #: 782844552
Broker Reference #: 91106218

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Business Overview:

Only the business and all trade fixtures are included in the listing price. This is a long time and established grocery store business with high cash flow and volume. Store has a strong neighborhood presence and is located in a highly visible 24,000 Square Feet building on a busy street. This supermarket sells basic groceries, meat, produce, wine, beer, spirits, lotto and has an in-house deli and bakery with selections prepared daily. Inventory is not included in the asking price and the real estate is leased.

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Property Features and Assets:

This supermarket is located on a busy street and has a highly visible and recognizable presence. FF & E is valued at $250,000. Monthly rental of building is $23,000 per month Net Lease. Good possibility monthly rental rate can be reduced because the store utilizes 15,000 Square Feet with the additional 8,000 Square Feet being used for storage for multiple store locations by owner of business.

Market Competition and Expansion:

The business benefits from its location and long-standing reputation in the community which has produced a loyal customer base.

Reason for Selling:

Retirement

Additional Details:

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

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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