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Gourmet, Specialty Culinary Retail For Sale

Lake County, Illinois, US
Asking Price:
$80,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$274,731
Cash Flow:
$64,127

This listing is for an upscale, olive oil franchise located in the north suburbs of Chicago that is available to a qualified buyer. This business specializes in the sale of gourmet and artisanal olive oils and balsamic vinegar for the culinary minded chef. Their products come in a wide variety of flavors, ingredients and styles that are known far and wide for their exception quality and authentic flavors. In addition to the large variety of olive oil and imported balsamic vinegar, this shop also offers a wide variety of cooking products and gifts. They carry unique culinary sauces, spices and rubs, fantastic marinades and tapenades. The business offers custom bottling and personalization to their products and much more. Customers are able to sample their products as well in-store. This shop offers a buyer a yearly income of over $60,000 and a hands-on owner could grow that number in the future. The business has an experienced staff and a fantastic reputation in their marketplace. They’re located in a tourist-frequented community which keeps their business flowing with new and returning customers. The purchaser must become a franchisee. Franchise fees, royalties and advertising fees will be waved, but the purchaser must comply with all franchise terms, or will required to change the name. Over $30,000 in asset value is included in the business sale as well. This includes their inventory. If you would like more information about this business, or if you would like to schedule a site visit, please contact the agent either by phone or by email. Online inquiries will be responded to with an email from an address with an NDA attached. These can sometimes get filtered into spam folders. If you do not hear back from us within 24 hours (weekdays), please contact us by phone.

Property Information

Real Estate:

Lease

Lease Terms:

$3,691/Month. Expires 12/31/31

Leasehold Rent:

$44,292 per annum

Location:

North Suburbs of Chicago. Lake County.

Premises Details:

Leased Facility. 2,461 sq ft. $3,691/Month. Expiring 12/31/2031

Size in square feet:
2,461

Business Operation

Expansion Potential:

Add Farmer's Markets, Holiday Shows, Hands-On Owner, Increase Marketing

Reasons for selling:

Other Business Interests

Employees:
5
Years established:
15

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

The purchaser must become a franchisee. Franchise fees, royalties and advertising fees will be waiver, but the purchaser must either comply with all Franchise Agreement terms, or will be required to change the business name.

Internet sales under the franchise name, or any variation of that name are not allowed.

Other Information

Support & training:

Owner will train the buyer for 3 weeks

Furniture / Fixtures value:
$15,000 - included in the asking price
Inventory / Stock value:
$22,485 - included in the asking price

Contact The Marvin Group LLC

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