Available

Price: $868,000

Location: Chicago Metro

Industry: Retail

Listing ID: N211

Bookstore in Chicago

Listing Details

SDE: $101,840

Cash Flow: $101,840

FFE: $10,000 (Included in Price)

Inventory: $50,000

Real Estate: $639,000 (Included in Price)

Reason For Sale:

Retirement

Training & Support:

As much as needed and agreed to during purchase process.

Operation

Year Established: 1982

Year of Last Acquisition: Hansmann

Days & Hours of Operation: Retail

Employees: 5

Location

Type of Location: Mixed use retail building

Square Footage: 2450

Facilities Information:

2450 Sq ft historic building in historic neighborhoods with tons of charm and sought after as a quiet and yet trendy small business and residential area.

Summary

Historical Summary:

This is a one-of-a-kind bookstore in a unique historic neighborhood and building. Customers love this independent bookstore and its varied selection of books. The building is spacious and light, with room to browse the carefully curated selections. Customers appreciate the personal recommendations and the broad diversity represented on its shelves.

Sales have been robust over the last few 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. In addition, the business grew during the pandemic and has remained.

This business is a founding member of a huge annual event. The event brings in more than 100,000 attendees every year. Attendees also enjoy speakers, food booths, arts and crafts, and band music. In addition, the business works directly with local schools, has a Christmas charity drive, and sends hundreds of products to children yearly.

There is an opportunity for more significant potential to grow the business. Even now, sales are increasing organically, but the open hours at the business can expand for another revenue spike. In addition, hundreds of participants in the loyalty program receive a 10% discount. Finally, participants can be contacted more frequently through newsletters or offers and exposed through a more substantial social media presence.

Competition:

No immediate completion and minimal independent competition in Chicago.

Potential Growth:

Expanding hours, expanding social media, expanding loyalty membership, holding events in the space, etc., can all increase sales along with standard advertising/marketing. Very loyal decades old customer following locally in-person and ordering with national customers through virtual ordering, etc.