Country Grocery Store at the Lake

Chicago, Illinois (Cook)

  • Asking Price: $249,000
  • Gross Income: $1,052,570
  • Cash Flow: $101,705
  • Real Estate: $149,000
  • Inventory: $50,000
  • FF&E: $40,000
  • Listing ID: #203028
  • Established: 1973
  • Employees: 6 PTE, 2 FTE

Business Description

This is a 44-year-old country grocery store located 200 yards from a quiet, fishing lake and approximately a 60-mile drive from the Chicago area. The store is located in the northwestern area of Indiana. The cost of living is very low and the store is recession-proof because it is the only game in town for a 10-12 mile radius.

Operating out of a 3,200-square-foot owned free-standing building along a high-traffic road, the business is highly visible and accessible to both commuters going to work and travelers. The real estate is also available separately.

Established in 1973, this business is well-loved in its community. The sellers have served customers since their childhood until they became parents. Locals and even residents from the neighboring state keep coming back to this store because of the business’s personalized service and unique product offerings that you won’t find in larger grocery stores.

No related or industry-specific experience is required for a new owner to take over! Because the nearest competitor is 10-12 miles away, hundreds of customers come to the store to purchase their necessities daily.

Be part of a tight-knit community by owning and continuing the legacy of this cash-based, recession-proof business! The real estate is also separately available for $149,000. Real estate is available directly from Seller, Morgan & Westfield is not participating in the sale of the real estate

This is an established business, this is NOT a new franchise or start-up opportunity.

Real Estate: Owned, Also for Sale at $149,000

***Please look for an email titled "Morgan & Westfield – Country Grocery Store at the Lake 60 Miles from Chicago” after contacting us. You can access more information on this business after e-signing our Confidentiality Agreement. ***

Business Details

Primary Business Category: Retail Trade - Supermarkets
Location: Illinois
Metropolitan Area: Chicago
County: Cook

Company Information

Year Established: 1973
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 PTE, 2 FTE

Financial Information

Asking Price: $249,000
Gross Revenue: $1,052,570
Cash Flow: $101,705
FF&E: $40,000
Inventory: $50,000
Real Estate: $149,000
Seller Financing Available: Yes

Property Information

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Business Listed By:

Arthur Williams

Morgan & Westfield