Ray Ives
Transworld Business Advisors of Schaumburg, IL
License Number: 310002113
Phone: Show Phone Number
Contact Broker
130 W. Liberty, #200
Wheaton, Illinois 60187
(View Map)
About the Company
Helping Entrepreneurs for 45+ Years. Transworld Business Advisors was founded in 1979 and it quickly grew into one of the largest business brokerage firms in the United States. Transworld has more than 250 locations around the world and has helped more than 15,000 business owners sell their businesses. We are the leading business broker and we want to ensure your experience is one that is met with professionalism, client satisfaction and the highest level of expertise.
Broker Biography
Introduction
Ray Ives was a seasoned executive with extensive experience in corporate strategy, cross-functional collaboration, and leadership roles across various companies. His career is marked by a passion for leading teams, managing financials, forecasting, and fostering strategic partnerships. Ray has an MBA from the University of Illinois Urbana-Champaign. I’m focused on implementing the proven Transworld process, and help sellers, investors and buyers achieve success from beginning to close.
Services Provided
Buying a Business: Each business transaction is unique and the process will raise lots of questions. You’ll get the best answers by working with professionals who have completed a high volume of transactions. Depth of knowledge (and experience in a wide range of industries) positions you for success. So, ask the questions, explore the answers and enjoy an exciting and rewarding entrepreneurial journey.
Valuation is top of mind for all of our sellers. With experience completing valuations for a large range of business sizes and industries, we’ll look at:
• Fair market value: The price at which the property would change hands between a buyer and a seller, when neither is under compulsion and when both obtain reasonable knowledge of relevant facts
• Intrinsic value: Stock values that investors would consider
• Fair value: Legal standards to value
• Investment or strategic value: The value to specific buyers
Selling a Business: Where do you start when you want to sell your business? How do you create an exit strategy? And how do you list your business?
Selling a business raises a lot of questions. Transworld has heard them all, and we’re here to help. With more than 40 years of experience, we’ve sold more than 15,000 businesses — and we're ready to help you sell yours.
Franchise: Transworld Business Advisors provides franchise consulting services for people looking for a more efficient and effective way to research the world of franchising before making an investment
Areas Served
Licensed In
- Illinois — License number 310002113
Professional Affiliations
Schaumburg Business Association
Wheaton Chamber of Commerce
Business For Sale Listings
Cash Flow: $1,211,965
Cook Co., IL Agent: Aaron McMann Multi-Location BBQ Restaurant Group with RE & Gaming Revenue Restaurant Group with Gaming! Dual Revenue Includes Real Estate
This offering represents a rare opportunity to acquire a well-established, multi-location barbecue restaurant group operating in the greater Chicagoland area. The business is known for its consistent quality, loyal repeat customer base, and approachable, family-friendly dining experience. The operating model includes dine-in, carry-out, online ordering, and catering, creating multiple revenue channels and year-round demand.The locations are strategically positioned in strong suburban trade areas with excellent accessibility, visibility, and steady customer traffic. In addition to food and beverage revenue, select locations also benefit from Less
Cash Flow: $217,367
Cook Co., IL Agent: Anthony Petrilla Independent Optical Retail & Practice - High Margin & Upside Premium Eyewear Retail and Optometry Practice with Repeat Insurance Driven Clien Financing available
Opportunity to acquire a well-established, independent optical retail and optometry practice with over 20 years of operating history and a loyal, insurance-driven patient base in a desirable Chicago-area suburb. The business combines premium eyewear retail, on-site optometry services, and an in-house finishing lab, creating a full-service vision care operation with strong margins and repeat clientele.The practice generates approximately $515k+ in annual revenue and produces adjusted Seller Discretionary Earnings (SDE) averaging ~$214K, representing 40%+ margins. Revenue is well diversified between private-pay and major vision insurance Less
Cash Flow: $115,169
Cook Co., IL Agent: Aaron McMann Established Breakfast & Lunch Restaurant with Real Estate High Traffic Breakfast and Lunch Destination with Real Estate Includes Real Estate
This is a long-standing, full-service breakfast and lunch restaurant located in a high-traffic corridor on the south side of Chicagoland. The business is known for its welcoming atmosphere, consistent operations, and strong customer loyalty built over many years. Sales exceed $1.3M annually with a simple, efficient menu and well-established staff. The restaurant operates daytime-only hours, creating a favorable work-life balance compared to typical evening-service concepts. A buyer will benefit from stable revenue, strong community presence, and proven systems already in place. Real estate may be included in the transaction for qualified Less
Cash Flow: $211,715
Cook Co., IL Agent: Anthony Petrilla High-Visibility Smoke & Vape Store Ideal for Portfolio Expansion Excellent platform business or add-on!
This is an established smoke and vape retail business operating from a highly visible storefront along a busy commercial corridor. The location benefits from strong traffic exposure, easy ingress and egress, and ample parking, making it well positioned for steady demand. The business offers a broad and well-curated product mix including smoke, vape, glass, and accessory items that drive repeat customer traffic. Operations are stable and straightforward, with systems and staffing in place that allow for a smooth transition to new ownership. For a strategic buyer, this location represents a turnkey retail asset that can be operated as-is or integrated into an existing platform with minimal Less
Cash Flow: $1,285,910
Cook Co., IL Agent: Anthony Petrilla Premier OB/GYN & Med Spa Practice – Chicago Suburbs Established OB/GYN Medical Practice. Turnkey and Multiple Streams of Income.
Established in 2005, this award-winning OB/GYN and Med Spa practice offers a rare opportunity to acquire a highly regarded women’s health business with a 20-year track record in the northwest suburbs of Chicago. The practice provides comprehensive OB/GYN care across all stages of a woman’s life — including high-risk pregnancy, infertility treatment, menopause management, minimally invasive robotic-assisted surgeries, and more — paired with a growing med spa division offering Botox, laser hair removal, weight loss, skin tightening, a clinic branded skincare product line and membership program, and other aesthetic services.The clinic is supported by a tenured team of 15, including the founding Less
Cash Flow: $767,645
Cook Co., IL Agent: Aaron McMann
View Details Commercial & Residential HVAC Contractor
Established Illinois based commercial HVAC service company with a long operating history and strong relationships across multi location commercial customers. The business provides preventive maintenance, diagnostics, repair, and planned replacement services for rooftop units, boilers, furnaces, and split systems. Customers include national franchise operators such as Dunkin, Wingstop, and McAlister’s along with apartment buildings, retail centers, and other commercial properties. The company maintains detailed equipment service records and standardized maintenance procedures which support recurring service revenue and efficient technician routing. Revenue has grown steadily from approximately $1.53M in 2023 to $1.73M projected for 2025 with strong cash flow generation and normalized SDE exceeding $750K. The sale includes service vehicles, HVAC tools and equipment, and an established base of recurring commercial maintenance Less
Cash Flow: $240,089
Cook Co., IL Agent: Aaron McMann
View Details Multi-location Illinois VGT Gaming Café
Confidential opportunity to acquire a multi-location Illinois video gaming terminal café platform operating in a mature and densely populated south suburban Chicago market. The business consists of two dedicated gaming cafés strategically positioned within close proximity, creating route density and operational leverage. Revenue is overwhelmingly derived from gaming commissions with limited food and beverage exposure, reducing labor volatility and inventory risk. Established daily collections, consistent NTI performance, and disciplined expense management support predictable operating cash flow. The business is well suited for an existing Illinois VGT operator seeking density, scale, and immediate integration into an established cluster. Real estate is owned separately and may be purchased in conjunction with the business or addressed through lease Less
Cook Co., IL Agent: Anthony Petrilla
View Details Turnkey Boutique Hair Salon with Custom Build-Out
This is a fully built-out, modern boutique hair salon located in a high-traffic northwest suburban retail corridor. The opportunity is structured as an asset sale and provides a turnkey setup for a stylist or salon operator looking to step into a professionally designed space without the cost, time, and disruption of a new build-out.The salon occupies approximately 949 square feet and features two styling stations, two shampoo stations with wash bowls, a front desk check-in area, retail display shelving, a waiting lounge with seating and television, and a coffee and beverage station. The layout is open, efficient, and designed to deliver a strong client experience from entry to checkout.A dedicated content creation and training corner is already outfitted for video recording and education, offering flexibility for marketing, social media, or instructional use. The rear of the space includes a large storage room, washer and Less
Cash Flow: $1,405,700
United States Agent: Aaron McMann
View Details High-Growth Cloud & AI Services Platform with Recurring Revenue
This fast-growing technology services firm specializes in cloud engineering, managed services, software development, DevSecOps, data engineering, and advanced AI solutions for highly regulated environments. The company serves government agencies and enterprise clients nationwide and has built a strong reputation for execution, security, and reliability across complex modernization initiatives.The business is differentiated by its mature delivery model, experienced leadership team, and deep expertise in secure cloud architectures and compliance-driven frameworks, including NIST, HIPAA, Zero Trust, and FedRAMP-aligned environments. Long-standing strategic partnerships with leading cloud providers support scalable delivery and recurring engagement opportunities, while proprietary AI and machine learning accelerators enable faster deployment, improved cost efficiency, and measurable outcomes for clients.Revenue growth over the Less
Cash Flow: $336,177
DuPage Co., IL Agent: Anthony Petrilla
View Details Premier Fertility & Acupuncture Clinic - 20+ Year History
A highly reputable acupuncture and Traditional Chinese Medicine clinic with over 20 years of established brand presence in the western Chicago suburbs.The practice specializes in fertility support, women’s health, pain management, and holistic wellness, and is known for its root-cause approach and comprehensive treatment programs. A strong referral base and consistent weekly patient volume contribute to stable revenues and an impressive SDE.The clinic provides acupuncture, herbal medicine, lifestyle therapy, and wellness support with an exceptional reputation for personalized, high-quality care. Patients value the continuity, expertise, and results-driven treatment model that sets this practice apart from typical acupuncture clinics.This is a rare turnkey opportunity for a licensed acupuncturist or investor seeking a profitable, specialty-focused wellness Less
Cook Co., IL Agent: Anthony Petrilla
View Details Craft Spirit Brand for Sale - Premium Trademarked Product
A rare opportunity to acquire a fully developed and trademarked craft spirit brand positioned for expansion. This business offers a premium-quality spirit produced through an established contract-distilling relationship with a reputable U.S. craft distillery. The product is already bottled, market-ready, and supported by strong branding and packaging that stands out in the specialty spirits category.The brand currently operates with a nationwide direct-to-consumer shipping capability and has made initial placements through specialty retailers and their distilling partner. These early channels confirm consumer interest and demonstrate the brand’s ability to scale into broader regional and national distribution networks. The brand is currently pre-scale with early-stage revenue reflective of soft launch distribution.The current owner has developed the brand Less
Cash Flow: $7,300
DuPage Co., IL Agent: Aaron McMann
View Details Confidential National Engineering Recruiting Firm
This confidential national recruiting firm specializes in engineering and power delivery search services and supports many of the leading engineering, EPC, and consulting firms across the country. The business is operated by an experienced recruiting team with more than 40 years of combined expertise, all of whom are committed to remaining with the company after the sale. Ownership is also willing to stay on in a meaningful capacity to support transition planning, client continuity, and operational stability. The opportunity is priced at $750,000, reflecting the firm’s three-year weighted SDE of $185,000 and its strong positioning within the niche power delivery sector. To support a smooth transition and align incentives, the seller is offering a $350,000 seller note at 6 percent along with a performance-based component of up to $700,000 tied to revenue and Less
Cash Flow: $44,000
DuPage Co., IL Agent: Aaron McMann
View Details Confidential Luxury Fragrance Boutique & E-Commerce Brand
This confidential listing represents a luxury fragrance boutique, lounge, and e-commerce brand positioned in a high-traffic Class A retail environment in Chicago’s western suburbs. The business offers premium Eastern and Western-style perfumes, oils, and niche scents, supported by exclusive U.S. distribution rights from international suppliers. Operations include a modern showroom, private lounge experiences, and multiple online channels (TikTok Shop, Amazon, eBay, and branded e-commerce). The sale includes inventory, a full custom buildout, fixtures, décor assets, and integrated systems for retail, online sales, and event bookings. Strong margins, stable year-over-year performance, and diversified revenue streams make this a turnkey opportunity in a fast-growing sector of the beauty industry Less
Cash Flow: $175,917
Cook Co., IL Agent: Aaron McMann
View Details Confidential Turnkey HVAC Supply With Real Estate Included
This is a confidential sale of a turnkey HVAC supply, equipment, and scratch-and-dent distribution company serving the Southwest Suburbs of Chicago. The business generates approximately $573,397 in annual revenue with strong margins across residential and commercial HVAC categories. Normalized SDE is approximately $175,917 and normalized EBITDA is approximately $120,000, supported by stable operating expenses and consistent demand for furnaces, condensers, coils, air handlers, parts, and accessories. The sale includes business operations, established systems, customer relationships, approximately $350,000 in inventory, $15,000 in FF&E, and ownership of a 7,000 square foot industrial warehouse valued at approximately $575,000. The business ships nationwide, supports local contractors and property owners, and drives repeat activity through its scratch-and-dent Less
Cash Flow: $138,895
Cook Co., IL Agent: Aaron McMann
View Details Established Automotive Repair & Service Business
This profitable automotive service company provides full mechanical repair, maintenance, diagnostics, and customer support in a high-traffic suburban area. The business has a long history of stable revenue, consistent repair volume, and repeat customers who rely on trusted workmanship and dependable service. The facility is well-equipped, organized, and capable of supporting a broad range of vehicle repairs with experienced technicians and strong vendor relationships. The company offers a turnkey operation with clean financials, a broad service mix, and operational stability for a new owner. This is an ideal opportunity for an owner-operator or a strategic buyer seeking an established service business with strong community presence. Less
Cash Flow: $343,010
DuPage Co., IL Agent: Aaron McMann
View Details Premier Multi-Revenue Restaurant & Event Venue with Real Estate
Confidential sale of a proven full-service restaurant and event venue located in Chicago’s western suburbs. The business generates balanced and consistent cash flow through a diversified revenue model across dining, bar service, banquets, and live events. Revenue has remained steady in the $2.1M to $2.3M range with gross margins near 60% and average normalized SDE of approximately $315K. Books, tax returns, and P&Ls align. Staff, operational systems, and customer base remain stable. Sale includes an approximately 8,543 SF facility situated on 1.95 acres with strong visibility and parking for 150+. Ideal for an operator seeking scale, stability, and long-term equity value. Less
Cash Flow: $124,500
Cook Co., IL Agent: Aaron McMann
View Details Property of a Market-Leading Home-Based Service Business
Profitable home-based dryer vent cleaning company serving Northern Illinois for more than 20 years. The business provides dryer vent cleaning, repair, and bird nest removal focused on safety and energy efficiency. Strong brand awareness and a portfolio of SEO-optimized domains drive consistent inbound leads with minimal advertising expense. Operations are lean, well-documented, and supported by clean, verifiable financials. Less
Cash Flow: $109,132
Waukesha Co., WI Agent: Aaron McMann
View Details Established Multi-Location Cafe Concept with National Potential
This established multi-location café concept operates multiple profitable storefronts across vibrant Wisconsin communities. Generating consistent annual sales of $480K to $580K with $100K+ in SDE, the business delivers proven profitability and scalability. Sale includes $80K in equipment, a newly implemented modern POS system, and transferable renewable leases. The brand maintains 98 to 100 health inspection scores, 4.5-star online reviews, and has 13K+ social media followers. Seller to provide 12+ weeks of transition support. Less
Cash Flow: $79,747
Cook Co., IL Agent: Aaron McMann
View Details Scalable, High Margin, Repeat Revenue - Digital Marketing Agency
Confidential opportunity to acquire a digital marketing agency specializing in recurring social media management and custom website design for small to mid-sized businesses. The company runs on a lean, cloud-based model with exceptionally high margins (90%+) and requires minimal owner involvement. Client relationships are anchored by subscription retainers and supported by project-based design and campaign services. With a proven recurring-revenue foundation, this agency offers both stability and scalability for a new owner. Less
Kane Co., IL Agent: Aaron McMann
View Details Triple Threat: Logistics, Brokerage & Warehousing at $10M+ Per YR
Established logistics provider offering an integrated platform of freight brokerage, asset-based trucking, and FDA-registered warehousing. The company serves regional and national food and consumer packaged goods (CPG) clients with long-standing relationships, some exceeding 20 years. Operations are supported by a 100,000+ SQF facility, asset-based fleet, and cloud-based tracking and reporting systems. Positioned as a trusted partner across the Midwest, the business generates over $10M in annual revenue and includes all fleet, equipment, and infrastructure in the sale. Less
Cash Flow: $259,611
Cook Co., IL Agent: Aaron McMann
View Details Iconic Creative Brand with Decades of Consumer Loyalty
A globally recognized lifestyle brand with a 20+ year track record and $13.5M in historical royalty revenue. This is a turnkey, passive-income model. All production and distribution are outsourced through long-standing global licensing agreement, including guaranteed minimum royalties. The sale includes fully assignable trademarks, licensing rights, and a deep design archive that fuels recurring income and future category expansion. With dormant segments ready to be reactivated, an e-commerce channel in place, and international growth potential, buyers gain a scalable IP platform with minimal overhead and strong brand equity. Seller will provide creative advisory support and licensee introductions to ensure a smooth transition and continued growth. Less
Cash Flow: $7,547,948
Cook Co., IL Agent: Anthony Petrilla
View Details Upscale Dealer: Jewelry, Coins, Precious Metals, and Collectibles
Opportunity to acquire an established multi-location dealer of jewelry, coins, currency, precious metals, and collectibles with nearly two decades of success. What began as a single-location gold buyer has evolved into a multi-location enterprise with a growing & upscale retail store footprint. The business has tripled its revenue since 2021 and continues to build momentum through strategic investments in technology, talent, and operations. With an A+ Better Business Bureau rating and certifications from leading industry authorities, the business has earned a reputation for integrity, expertise, and exceptional service.The company generates revenue through wholesale bullion trading, retail sales of coins, jewelry, and collectibles, estate appraisals and liquidations, and eCommerce. Wholesale has become the largest and fastest-growing segment, while retail stores continue to provide stable and consistent performance. Online Less
Cash Flow: $162,071
Cook Co., IL Agent: Anthony Petrilla
View Details Established Primary & Immediate Care Clinic in Chicago Suburbs
Opportunity to acquire a physician-owned medical practice providing comprehensive primary and immediate care services to patients of all ages. Founded in 2018 by a board-certified family medicine doctor with over 15 years of clinical experience, the clinic has built a strong local reputation for compassionate care, clinical excellence, and operational efficiency. The owning physician will be leaving the practice after an agreed upon transition period. The practice is best suited for a new owning physician.The practice serves a wide range of medical needs—from wellness visits and chronic disease management to immediate care, lab testing, and minor in-office procedures such as biopsies, cryotherapy, and laceration repair. Its diverse service mix generates consistent revenue, with recent annual sales of $380,029 and Seller’s Discretionary Earnings (SDE) of $162,071, representing a healthy 43% profit margin. The clinic is Less
Kane Co., IL Agent: Aaron McMann
View Details Premium Multi-Sport Training Facility
This business opportunity presents a fully equipped, climate-controlled indoor training facility built for year-round, multi-sport performance. Serving basketball, baseball, softball, football, and athletic training, this space has become a go-to destination for competitive athletes, youth programs, and community organizations.The facility features a regulation NCAA basketball court with branded flooring, turf training zone, shooting machine, batting cages, pitching machines, football passing machine, agility and strength training equipment, bleachers, scoreboard, and more. The equipment is fully owned and included in the sale.Originally opened to support the owners’ children during their youth athletic careers, it quickly grew into a sought-after training and rental hub in the Tri-City area, anchored by deep community relationships, strong brand equity, and Less
Cash Flow: $1,200,000
DuPage Co., IL
View Details Niche Fleet and Heavy Equipment Repair. 28+ Years in Business
Dedicated truck fleet and heavy machinery repair business committed to ensuring the operational efficiency, safety, and longevity of our customers' vehicles. With over 25 years of experience, our tenured team of skilled mechanics offers a comprehensive range of services compliant with DOT regulations. Our customers span diverse industries, with many being essential businesses. As a recession-proof, specialized provider, we pride ourselves on our long-standing contracts and loyal customer base. Our exceptional year-over-year growth reflects our commitment to quality and positions us for continued expansion.Operated and owned for more than 25 years.Potential GrowthExpand Service Offerings: Introduce advanced diagnostics and electric vehicle (EV) maintenance to cater to the growing demand for EVs.Technology Integration: Adopt AI and automation tools to Less



