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Retail Ice Cream Stores for Sale in Chicago...........................................$499,000.00 plus inventory

Chicago, Illinois – Sale includes: The entire business,  equipment &  fixtures.

Price Reduced!! - Cash Flow is $170,232
 
SOLDNow is the time to buy this type of business. On any given day there is a line out the door. There are 2 main reasons for this. 1) They have a wonderful product that tastes great, especially on a hot day and the product they serve is low in calories, unlike their competitors. 2) Both businesses are in prime locations.
 
Other important details about these businesses include:
 
1) Systems in Place - The current owner does not actively manage the business.  Currently, there is a full time manager running the day to day operations and that person is willing to stay and help the new owner.
 
2) Financially Successful - Both locations are very profitable, even with an owner that is not involved in the day to day operations.
 
3) Immediate potential for Growth - The current owner isn't doing much advertising at all and yet the businesses are very profitable.
 
4) Ready to Expand - These businesses have a "Franchise look and feel" to them without all the royalty fees associated with franchises.  This business has tremendous potential to be replicated and grown and is an excellent candidate to franchise
 
*Note: Pictures of the stores can be emailed upon request.
 
Asking price: $499,000.00 plus inventory
Gross annual sales (approximately): $518,311.10 (2007 Reported)
Cash flow or net (approximately): $170,232.47 (2007)
Value of furniture, fixtures & equipment (approximately): $195,000.00
Value of inventory (approximately): $7,000.00 (not included in asking price)
Value of real estate (approximately): Not included in sale
Store, Lease details (approximately): Location #1: (+/- 1,000 sq ft) base rent; R.E. taxes; & C.A.M. charges=$2,340.00/month with annual increases of $360.00/yr. Location #2: base rent=$2,880.25/mo, C.A.M. charges=3%, RE taxes=3%, annual increases=4%
Seller Financing: Owner may discuss some financing with qualified & experienced buyer/operators.
Contact: Dennis, info@abausa.com or 312-360-1955

 


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